Jeanie Buss is legally challenging her siblings' plan to sell the remaining 17.8% Buss Family Trust stake in the Los Angeles Lakers to Bob Iger and Josh Kushner, citing a 2017 court order and NBA rules requiring her to maintain 15% ownership to remain controlling owner.
Brunswick Corp. is leveraging advanced marine technology and its Freedom Boat Club membership model to drive growth as new boat sales remain sluggish. The company aims for $7-8 billion in revenue by 2030, focusing on recurring income and premium product resilience.
OpenAI President Greg Brockman dismissed concerns regarding recent executive departures, including revenue chief Denise Dresser and Brad Lightcap, attributing the scrutiny to the company's high public profile rather than an unusual turnover rate.
CNBC surveyed 10 media executives to forecast the television industry's next three years, examining cable subscriber trends, personalization, AI integration, sports viewership, and streaming consolidation.
Stocks open lower as AI component surges contrast with pressure on hyperscalers and software shares. Interest rates climb past 4.7% ahead of Fed minutes, while pharma stocks gain on new Leerink prescription data.
US Attorney General Todd Blanche voiced support for top Washington prosecutor Jeanine Pirro on Sunday, following criticism from President Donald Trump over her handling of a vandalism case involving the Lincoln Memorial Reflecting Pool.
Disney CEO Josh D'Amaro discussed the company's strong parks performance, streaming growth strategies, and commitment to keeping ESPN during a CNBC interview on Friday.
The CFTC is reviewing 'mention markets' on prediction platforms like Kalshi, where traders speculate on words used in speeches or broadcasts, amid concerns over market manipulation and increased regulatory scrutiny.
Stock market indexes moved higher as the AI trade rebounded, led by the Nasdaq's 2.7% gain. CNBC Investing Club reviews top and bottom portfolio performers.
Apple TV has held preliminary discussions with the R&A regarding potential US broadcasting rights for golf's Open Championship, threatening current holder NBC's position as streaming platforms target major sports properties.
Markets traded mixed as oil prices climbed and Treasury yields rose to 4.70% ahead of inflation reports. Meanwhile, Meta introduced the Muse Glimmer local AI model, advancing CEO Mark Zuckerberg's strategy for on-device artificial intelligence.
Rockstar Energy founder Russ Savage has acquired a 4.7% stake in Celsius Holdings worth about $300 million and is demanding the removal of its CEO after disappointing second-quarter earnings.
Savers Value Village introduces ThriftIQ, an AI-driven platform to optimize pricing in its thrift stores, aiming for consistency and profitability while keeping prices 40-70% below traditional retail.
NBC News reports US airstrikes in Yemen (April 2025) killed ~150 civilians and wounded 200 more, citing sources, despite Pentagon's non-acknowledgement of civilian deaths.
The Pentagon is crafting a nuclear strategy emphasizing shorter-range tactical weapons in regional conflicts with Russia or China, aiming to provide the US President with more 'realistic and credible' nuclear options, amidst the expiration of the New START treaty.
CNBC host Jim Cramer advised SpaceX investors to adopt a decades-long horizon following a 13.6% stock drop after the company's first earnings report. Cramer expressed confidence in Elon Musk's fundraising abilities and long-term growth projects like Starship and Starlink.
Global markets react to corporate earnings, Fed rate hike warnings, diplomatic shifts in the Strait of Hormuz, and severe European drought impacts on nuclear energy.
Former hedge fund manager Jim Cramer plans to sell his Bitcoin holdings, citing quantum computing threats highlighted by IBM CEO Arvind Krishna, while crypto investors reacted with the inverse Cramer meme.
انخفضت أسعار النفط الثلاثاء بأكثر من 5% مسجلة أدنى مستوياتها منذ أسابيع، بعد تصريح وزير الخزانة الأمريكي سكوت بيسنت بإمكانية التوصل لاتفاق لفتح مضيق هرمز قريبًا، بالتزامن مع ارتفاع أسعار الأسهم الأمريكية.
Le secrétaire au Trésor américain Scott Bessent a annoncé qu'un accord pourrait intervenir rapidement pour garantir la liberté de mouvement dans le détroit sans péage iranien. Cette perspective a entraîné une chute des cours du pétrole et une hausse des marchés actions, tandis que le Bitcoin est resté stable.
Procter & Gamble is acquiring supplement brand Thorne for $3.8 billion to expand its health and wellness division and capture younger demographic sales.
CNBC's Jim Cramer stated that tech stocks are surging following the collapse of AI-focused hedge fund Situational Awareness, which removed forced selling pressure and made earnings the primary driver of stock prices.
The U.S. and Iran are in talks to potentially reopen the Strait of Hormuz by Tuesday or Wednesday, allowing freedom of movement for commercial ships, according to Treasury Secretary Scott Bessent, which could lead to a significant drop in oil prices and relief in global commodity supply.
The U.S. reportedly sold euros instead of dollars to fund intervention bolstering the yen, aiming to protect sensitive Treasury markets. Meanwhile, Amazon hits a $3 trillion market cap, HSBC and Saudi Aramco post strong earnings, and Hugging Face CEO warns China is winning the AI race.
