Breaking News: Business
Walmart CEO Doug McMillon to retire in January after nearly 12 years leading retailer
Walmart CEO Doug McMillon is retiring early next year, the company said Friday in a filing. The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing. McMillon, who stepped into the top role at Walmart in February 2014, will officially retire as of Jan. 31. […]
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D.R. Horton is tapping a startup’s AI zoning tool to build more homes
D.R. Horton signage stands in front of homes under construction at the Eastridge Woods development in Cottage Grove, Minnesota. Daniel Acker | Bloomberg | 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 […]
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Alibaba cross-border arm plans AI subscriptions and stablecoin-like payments with JPMorgan
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president of Alibaba.com told CNBC the company would work with JPMorgan, which has its own tokenization technology. The cross-border e-commerce unit also launched new AI features to help connect suppliers and buyers on its global platform. Alibaba […]
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Trump has threatened the BBC with a $1 billion lawsuit. Here’s what’s going on
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31, 2025 in West Palm Beach, Florida. Samuel Corum | Getty Images U.S. President Donald Trump is once again on the warpath against a major global media company, having threatened the BBC with a $1 billion lawsuit this […]
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MLS games head to Apple TV in 2026 as Season Pass subscription ends
Major League Soccer is stepping onto a bigger stage next year, when all of its matches will find a new home on Apple TV. Beginning in the 2026 season, MLS games will be available on Apple’s flagship streaming platform, which currently includes Major League Baseball games as well as scripted series like “Severance.” The move […]
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New foreclosures jump 20% in October, a sign of more distress in the housing market
fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type […]
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AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins “Closing Bell: […]
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Striking Boeing defense workers vote on new contract
FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. Benoit Tessier | Reuters Roughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s […]
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Uber will start taking skiers to the slopes at over 40 resorts across U.S. and Europe
Omar Marques | Lightrocket | Getty Images With ski season approaching, Uber wants to take you to the slopes. The ride-hailing company on Thursday announced Uber Ski, which will allow users to book a ride to and from nearly 40 mountains in the U.S., Canada, Switzerland and France, according to a release. The services is […]
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Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company
Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg. Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box” […]
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