The Netflix logo is seen at the Egyptian Theatre ahead of the premiere for Netflix’s “Running Point,” Season 2, in Hollywood on April 15, 2026. Patrick T. Fallon | Afp | Getty Images Netflix is making itself clear: It’s a streaming-first business. During the company’s third-quarter earnings call on Tuesday, co-CEO Ted Sarandos reiterated the…
Elon Musk said earlier this week that he plans to give every kid in America a share of SpaceX next year, and CEO of Altimeter Capital Brad Gerstner said Wednesday that the stock donations would come via Trump Accounts. If it happens, that donation of $10.5 billion worth of shares is just the beginning, according to…
EBay will lay off about 9% of its workforce in a move to streamline its operations and focus on its fastest-growing areas, a company spokesperson confirmed to CNBC. The layoffs will affect approximately 1,000 employees. “As we work to capture the significant opportunity ahead, this step was taken to ensure we continue to operate from…
Douglas Rissing | Istock | Getty Images While advertising dollars increasingly shift toward streaming and digital platforms, the political ad war is still being fought over the free airwaves. Broadcast television companies are set to capture the greatest portion of political ad spend ahead of the midterm elections, according to advertising intelligence company AdImpact. The…
David Solomon, CEO of Goldman Sachs (L), Jamie Dimon, CEO of JP Morgan (C), and Ted Pick, CEO of Morgan Stanley. CNBC | Getty Images | CNBC Fueled by the global boom in artificial intelligence stocks, relaxed capital rules and greater lending to hedge funds, big Wall Street banks have already had a banner year…
United is opening its largest-ever airport lounge in George Bush Intercontinental Airport. Courtesy: United Airlines United Airlines is set to open its biggest airport lounge this week, which it says is the largest in the Americas, as airlines continue to plow money into the facilities for high-spending customers. The 54,000-square-foot lounge is opening Thursday at…
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025. Toby Melville | Reuters U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels….
Walmart on Tuesday announced a new joint membership combining its namesake chain and its subsidiary Sam’s Club, as the retailer leans further into convenience and value to win over cash-strapped shoppers. The membership, which combines Walmart+ and Sam’s Club Plus, will cost $120 per year, according to the company. That price is nearly $100 less…
United Airlines is slashing its profit forecast for the year as fuel costs continue to bite, but the carrier said passengers keep booking. United said Tuesday that it expects to earn between 50 cents and $1.50 a share on an adjusted basis in the fourth quarter, well below the $1.76 a share Wall Street analysts…
Tony Anderson | Digitalvision | Getty Images As home prices rise and mortgage interest rates spike, many parents want to help children buy their first property. And there are several tax-friendly ways to do it, according to financial experts. In 2026, 40% of homeowners said they received financial help with a home down payment, up…