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Peyton Manning’s Omaha Productions sells 10% stake to new Patrick Whitesell-led platform at a valuation of more than $750 million, sources say
Peyton Manning on Sunday, February 16, 2025. Theo Wargo | NBCUniversal | Getty Images Peyton Manning has a new business partner. A new platform run by Patrick Whitesell, the former executive chairman of Endeavor, has acquired a minority stake in Manning’s Omaha Productions. The stake, which is approximately 10% of the company, values Omaha Productions […]
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Why this CIO is sounding the alarm on two key consumer bellwether stocks
Even as valuations for both Nike and FedEx stock come down to a more attractive level, both stocks are still a sell, according to Main Street Research chief investment officer James Demmert. Shares of FedEx have pulled back more than 18% in 2025, while Nike’s stock has slipped about 10%. On Thursday, FedEx slashed its […]
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Stocks making the biggest moves midday: Intel, Tesla, Affirm, Robinhood and more
Check out the companies making headlines in midday trading: Affirm — The buy now, pay later company saw shares tumble 10% after CNBC reported that Swedish fintech firm Klarna will replace Affirm as the exclusive provider of such loans for Walmart . Klarna, which just disclosed its intention to go public in the U.S., will […]
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Stocks making the biggest moves premarket: Affirm, Netflix, Incyte, Norwegian Cruise Line & more
Check out the companies making headlines before the bell. Norwegian Cruise Line — Shares of the cruise operator rose 4% on the back of an upgrade from JPMorgan to overweight from neutral. The firm is bullish on the company, citing that its management has indicated no change in booking curves and cancellation rates, or cracks […]
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Telcos race to transition from ‘dumb pipes’ to tech players with help from AI
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks. Manaure Quintero | Afp | Getty Images BARCELONA — Global telecommunications firms are talking up advances in key technologies like artificial intelligence as they look to transition away from being perceived as […]
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‘Please unleash us,’ Europe’s telcos urge regulators as industry bangs drum for more mega-deals
Key Points Last week at Mobile World Congress (MWC) in Barcelona, CEOs of European telecoms firms called on regulators to make it easier for them to combine their operations with other businesses. Currently, there are numerous telco players operating in different European countries. However, telco bosses say they’d be able to compete more effectively with […]
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Gen Z’s wealth effect will shape the economy over time — here’s who will benefit
With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort’s global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and $74 trillion by 2040 — the largest of all generations, Bank of America said […]
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‘What Europe needs is a DOGE,’ Deutsche Telekom CEO says in impassioned plea for deregulation
Deutsche Telekom CEO Tim Hottges speaks during Mobile World Congress, the world’s biggest mobile fair, in Barcelona on March 3, 2025. Lluis Gene | Afp | Getty Images BARCELONA — Europe needs its own version of Elon Musk’s so-called Department of Government Efficiency, Deutsche Telekom CEO Tim Höttges said Monday as he made an impassioned […]
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Venu is done. Here’s how Fox, Disney and WBD plan to go it alone in sports streaming
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024. Jessica Golden | CNBC With Venu done before it even got out of the starting blocks, Fox Corp., Disney and Warner Bros. Discovery have been […]
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WBD adds 6.4 million Max subscribers, forecasts 150 million subs by end of 2026
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total of 116.9 million subscribers. Fourth-quarter revenue for the streaming segment, […]
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