Business
The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. NBA Commissioner Adam Silver has a new pet project with grand ambitions — […]
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State Farm announces $5 billion dividend; $100 average refund coming to car insurance customers
State Farm on Thursday announced a historic $5 billion dividend for its car insurance members, the largest in the mutual insurance company’s 103-year history. “This dividend is possible due to State Farm Mutual’s financial strength and a stronger than expected underwriting performance, which has been reported industry wide,” the company said in a statement. Customers […]
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Why this apartment developer is deploying $1 billion of new capital toward older buildings
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 editions, straight to your inbox. In […]
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Lawsuit over $21 million donor-advised fund highlights risks of DAF giving
Ridvan_celik | Istock | 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. With donor-advised funds gaining popularity as a vehicle for the wealthy to give back, risks and potential […]
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Billionaire family offices invested in pro soccer, bitcoin and semiconductors before the new year
Leon Cooperman. Scott Mlyn | CNBC 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. Private investment firms of the ultra-wealthy capped off 2025 with equity bets ranging from airline stocks to […]
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David Ellison has a rocky history at the box office. Buying Warner Bros. could fix that
Chairman & CEO Paramount David Ellison attends the UFC 324 event at T-Mobile Arena on January 24, 2026 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images If there’s one thing that Paramount Skydance CEO David Ellison knows well, it’s an impossible mission. Ellison, producer of five of the “Mission: Impossible” films, has […]
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Restaurant reservation wars heat up as DoorDash enters the arena with Resy, OpenTable
Now available on your favorite food delivery app: restaurant reservations. The still-simmering reservation wars of the last decade could fully reignite this year, as a shifting tech landscape pits some of the biggest players against each other to capture businesses and users alike. Reservation incumbents, delivery app newcomers and premium credit card partnerships are all […]
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Lowe’s earnings beat as sales jump more than 10% despite sluggish housing market
A Lowe’s store in Concord, California, US, on Monday, Nov. 17, 2025. David Paul Morris | Bloomberg | Getty Images Lowe’s topped Wall Street’s quarterly revenue and earnings expectations on Wednesday, as the retailer’s quarterly sales grew more than 10% year over year. The home improvement company said it expects total sales for the full […]
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Panera Bread releases first-ever value menu with ‘Mix & Match’ deals
A steak sandwich and French onion soup from Panera Bread Co. arranged in the Queens borough of New York, US, on Tuesday, Dec. 12, 2023. Bing Guan | Bloomberg | Getty Images Panera Bread is entering the so-called value wars with its new “Mix & Match” deals in a bid to win back price-conscious diners. […]
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Cava reports surprise same-store sales growth, driven by menu prices
Cava, the fast-casual Mediterranean restaurant chain, reported record-breaking revenue for fiscal year 2025 on Tuesday and forecast sales growth for fiscal year 2026. Shares gained roughly 10% in extended trading Tuesday. “While there are a lot of factors around us that are creating pressures from a margin perspective, our model has allowed us to be […]
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