SpaceX President and COO Gwynne Shotwell urged on rivals in comments Friday, describing competition as healthy for Elon Musk’s space company.
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GM lays off 1,000 employees amid reorganization, cost-cutting
The layoffs, which were announced Friday morning via email to those impacted, were across the business.
Continue readingThe top 10 family offices for startup investments
CNBC partnered with Fintrx to analyze single family offices that made the largest number of investments in private startups in 2024.
Continue readingAmazon Prime Video to stream Diamond regional sports networks
The newly rebranded FanDuel Sports Network will be available as an add-on subscription for Prime customers living within the team’s designated geographic area.
Continue readingLandry CEO Fertitta becomes Wynn Resorts’ largest individual shareholder with nearly 10% stake
Billionaire casino mogul and Landry CEO Tilman Fertitta has increased his stake in Wynn Resorts to 9.9%
Continue readingCapri and Tapestry abandon plans to merge, citing regulatory hurdles
The parent companies behind Coach and Michael Kors saw their proposed merger blocked by the Federal Trade Commission.
Continue readingHomebuilder deal activity is surging, fueled by major Japanese buyers
Strong demand for new housing has smaller builders ripe for takeover. The Japanese are big players because their cost of capital is low.
Continue readingVaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Shares of Moderna, Novavax, Pfizer, BioNTech and GSK closed lower on Thursday.
Continue readingAdidas signs first NIL deal with girls’ high school basketball player
Adidas has signed high school basketball phenom Kaleena Smith.
Continue readingDisney doesn’t plan to change its TV networks portfolio anytime soon
Disney doesn’t foresee parting with its TV networks, more than a year after CEO Bob Iger went public with the consideration.
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