Business
Olive Garden owner Darden Restaurants disappoints on earnings but hikes sales outlook
Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business. The company also raised its full-year forecast for revenue growth, although it only reiterated its projections for its earnings. Shares of the company fell more than 9% in morning trading. Here’s what the company […]
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American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards
American Express platinum business card. Courtesy: American Express American Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders. The company said consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695. […]
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Oracle’s Larry Ellison made his $365 billion fortune by breaking every rule of wealth management
A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Larry Ellison built the world’s second-largest fortune by holding on to his Oracle shares over nearly five decades of ups and downs. At the […]
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Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy
In an aerial view, a Cracker Barrel sign hangs on a sign outside of a restaurant in Florida City, Florida, on Aug. 27, 2025. Joe Raedle | Getty Images Cracker Barrel Old Country Store said Wednesday that the restaurant chain is focusing on enhancing its experiences for guests after it faced intense backlash over an […]
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Mortgage rates drop to 3-year low ahead of Fed meeting
Mortgage rates dropped sharply Tuesday, as investors in mortgage-backed bonds seemed to buy in ahead of a widely expected rate cut by the Federal Reserve. The average rate on the 30-year fixed mortgage dropped 12 basis points from Monday to 6.13%, according to Mortgage News Daily. That is the lowest level since late 2022. “The […]
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Live Nation CEO touts soaring demand, says concert tickets are still relatively underpriced
Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week that live events are more central than ever to culture and commerce in a post-pandemic world. Speaking at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, the executives said that the high demand for in-person events has been unmistakable. […]
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NCAA sports commissioners weigh revenue models, private equity in NIL era
Big East Commissioner Val Ackerman, Atlantic Coast Conference Commissioner Jim Phillips, and Big 12 Commissioner Brett Yormark. Porter Binks | Matt Kelley | Stacy Revere | Getty Images College sports leaders are crunching the numbers as they head toward payments for players and new avenues for revenue growth. Speaking at CNBC Sport and Boardroom’s Game […]
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NHL embracing return to Olympics after 12-year absence
Gary Bettman, NHL commissioner, speaking on CNBC’s “Squawk Box” on Nov. 20, 2024. CNBC The 2026 Winter Olympics in Milan will mark the first time in 12 years that NHL players will return to the Games, something NHL Commissioner Gary Bettman is expecting to have a big effect on the league. “Ultimately, in terms of […]
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Josh Harris says you likely won’t see more sports assets going public as values soar
Washington Commanders managing partner Josh Harris (L) signs a Commanders helmet while joined by Washington D.C. Mayor Muriel Bowser (C) and NFL Commissioner Roger Goodell (R) during a news conference on construction of a new Commanders stadium in Washington, D.C., on April 28, 2025. Win McNamee | Getty Images Over the last decade, private equity […]
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Versant strikes multiyear media deal with League One Volleyball
LOVB Austin middle blocker Molly McCage (5) spikes the ball past LOVB Houston outside hitter Jess Mruzik (5) during the League One Volleyball match between LOVB Austin and LOVB Houston February 19,, 2025, at H-E-B Center in Cedar Park, Texas. Icon Sportswire | Icon Sportswire | Getty Images Comcast spinoff Versant has struck a multiyear […]
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