Business
Best Buy launches third-party marketplace as it looks for sales drivers
The exterior of a Best Buy store is seen on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Best Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales. Starting on Tuesday, shoppers who go to Best Buy’s website and […]
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California legislature passes bill that gives interest on insurance payouts to homeowners
An aerial view of properties cleared of wildfire debris which burned in the Eaton Fire on July 03, 2025 in Altadena, California. Mario Tama | Getty Images News | Getty Images The California state legislature passed a bill Monday that ensures homeowners, not lenders, receive at least some of the interest on insurance payouts for […]
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How retail accounting could distort profitability as tariffs take effect
As more tariffs take effect on goods imported into the U.S., a specific accounting method could have major implications for how American retailers calculate the impact. A tariff adds to the cost of an imported item when it’s received and paid for when it crosses a border. While there’s debate over who pays that tariff — […]
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Versant to rename MSNBC, drop famed peacock logos in Comcast separation
The brand logo for My Source News Opinion World Courtesy of Versant MSNBC will change its name later this year and drop the storied peacock image from its branding — the first real public-facing changes in Versant’s upcoming separation from Comcast’s NBCUniversal. The political news network will be renamed My Source News Opinion World, or […]
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When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his […]
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Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field
Insurance firm Gallagher is tapping into a new kind of summer intern: professional athletes. Last year, the insurance giant expanded its internship program to offer positions to pro athletes, giving them a pathway to prepare for life after sports. In return, Gallagher discovered the stars also tend to shine off the field. “They know what […]
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AI is moving into the apartment market, taking over work orders, lease renewals, showings and more
Angel Santana Garcia | Istock | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future […]
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Summer travel isn’t as easy as it used to be for airlines
People move through a crowded JFK International Airport days before the 4th of July holiday on July 02, 2024 in New York City. As the summer travel season takes off, millions of Americans and tourists are experiencing long delays and congestion at airports, train stations and on highways. July is the busiest month of travel […]
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Family offices flock to private markets with allocations surging over 500% in nearly a decade
Westend61 | Westend61 | Getty Images A version of this article first 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. As the world’s rich have gotten richer, their investment firms have doubled down on private assets such […]
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Nike co-founder Phil Knight to donate $2 billion to University of Oregon’s Cancer Institute
Phil Knight Matthew Staver | Bloomberg | Getty Images Nike co-founder Phil Knight is donating $2 billion to the Oregon Health and Science University’s Cancer Institute, the single largest donation ever to a U.S. university, college or health institution, according to the Knight Foundation. The foundation said on Thursday the gift that will be used […]
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