Business
Private equity firm Roark Capital invests in fast-growing restaurant chain Dave’s Hot Chicken
Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday. Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.” Since its founding in a Los Angeles parking lot […]
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More office space is being removed than added for the first time in at least 25 years
After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years. Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data […]
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Byron Allen puts broadcast TV stations up for sale
Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty Images Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank […]
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Stephen Curry considers broadcasting, team ownership and PGA Tour Champions as NBA retirement inches closer
Stephen Curry isn’t retiring from the National Basketball Association yet, but he’s already thinking about new career paths — including broadcasting, team ownership and playing on the PGA Tour Champions. The Golden State Warriors star spoke to CNBC Sport as part of “Curry Inc.: The Business of Stephen Curry,” a television production centered on Curry’s […]
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SailGP launches sports betting with DraftKings and Bet365
Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024. Katelyn Mulcahy for SailGP Fans watching the New York races for international sailing league SailGP this weekend will have another reason to root for their favorite team. SailGP is working with gaming companies DraftKings in […]
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4-time NBA champion Stephen Curry says even he suffers from impostor syndrome
Stephen Curry is a two-time National Basketball Association Most Valuable Player, a four-time league champion and among the greatest shooters of all time. He also owns a media company, a bourbon brand, a golf league for kids and a philanthropic foundation that gives back to students in Oakland, California. Yet, even the Golden State Warriors […]
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Here are the retailers raising prices as Trump tariffs take hold
A person picks out clothing in a store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. Vincent Alban | Reuters Consumers who hoped tariffs would not […]
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This is why Jamie Dimon is so gloomy on the economy
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan […]
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Summer rentals in the Hamptons are down 30%
Key Points Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%. Some renters may be holding out […]
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Costco tops earnings and revenue estimates as sales jump 8%
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty Images Shares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8% year-over-year sales gains. Here’s how the warehouse club retailer did […]
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