Breaking News: Business
Morgan Stanley earnings top estimates driven by wealth management
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT People walk past Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Thursday reported fourth-quarter results that exceeded Wall Street expectations on the back of strong revenue from wealth management. Here’s what […]
Read More
Spotify hikes U.S. Premium subscription price months after last rate increase
Muhammed Selim Korkutata | Anadolu | Getty Images Spotify Premium subscriptions are getting more expensive. The subscription price will rise from $11.99 per month to $12.99 per month in the U.S., Estonia and Latvia for the February bill, the streaming platform said in a blog post. Users will get an email with the update sometime […]
Read More
Commercial real estate deal-making slows again in November
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. For the second […]
Read More
How Saks’s acquisition of Neiman Marcus plunged the company into bankruptcy: ‘Recipe for disaster’
An entrance to the Saks Fifth Avenue flagship store in New York on Jan. 14, 2026, after the company filed for bankruptcy protection. Brendan Mcdermid | Reuters For more than a decade, the former executive chairman of Saks Global dreamed of adding Neiman Marcus to his collection of legacy department stores, believing the combined entities […]
Read More
Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, November 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround […]
Read More
Elon Musk’s xAI probed by California DOJ over Grok’s deepfake explicit images
In this photo illustration, a person holds a smartphone showing Ani, a virtual anime-style assistant character featured in the Grok 4 AI chatbot developed by xAI, with the Grok logo visible on a screen in the background on July 16, 2025 in Chongqing, China. Cheng Xin | Getty Images Elon Musk’s xAI is now facing […]
Read More
Airlines to save big money on fuel as new weight loss pills gain popularity, Wall Street says
Celsopupo | Istock | Getty Images Wall Street is finding an unexpected beneficiary of America’s weight loss boom: airlines. With the first GLP-1 weight loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines’ single largest cost — and lift earnings for the […]
Read More
FBI searches home of Washington Post reporter in classified documents probe, newspaper says
A person walks into the One Franklin Square Building, home of The Washington Post newspaper, June 21, 2024, in Washington. Alex Brandon | AP FBI agents searched a Washington Post reporter’s home on Wednesday as part of a leak investigation involving a Pentagon contractor accused of sharing classified information, the Justice Department said. Hannah Natanson, who has been covering President Donald Trump’s transformation […]
Read More
Musk says Tesla is moving Full Self-Driving to a monthly subscription
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla CEO Elon Musk said Wednesday that the electric vehicle maker will stop selling its Full Self-Driving (Supervised) software for a flat rate and instead make […]
Read More
Netflix likely to adjust Warner Bros. Discovery offer to make it all-cash
Netflix is likely to amend its offer for Warner Bros. Discovery’s assets, making an all-cash bid, CNBC’s David Faber reported on Wednesday. In December, Netflix reached a deal to purchase WBD’s streaming platform HBO Max and the Warner Bros. film studio in a transaction comprised of cash and stock. The deal is currently valued at […]
Read More