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Edgar Bronfman’s Paramount bid might hold Shari Redstone concerned
Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s…
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It has been an incredible run for Wall Avenue. Major Avenue is feeling overlooked
Westend61 | Westend61 | Getty Images Between rising costs for groceries and fuel, increased debt levels, and shrinking savings, people are having trouble seeing the overall economic growth reflected in their bank accounts. Our recent research with CNBC showed that the “vibecession” has a hold over many people, and now those sentiments appear to resonate with…
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Wall Avenue cheers Brian Niccol appointment
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job…
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How Baked by Melissa CEO turned bed room chilly calls into cupcake empire
Count Baked by Melissa founder Melissa Ben-Ishay among the entrepreneurial success stories founded on getting out of the corporate rat race. Before starting her company, Ben-Ishay worked at an ad agency in New York City – a role she felt unfulfilled in. The day she was fired was an “aha moment,” she recently told CNBC.…
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Paris Summer season Olympics viewership rises, with Snoop Dogg creating buzz
Snoop Dogg attends the Artistic Gymnastics Women’s Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024. Arturo Holmes | Getty Images Sport | Getty Images Millions of viewers in the U.S. are tuning into the Summer Olympics in Paris — and many of them are…
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Half of staff might wrestle to get weight problems drug insurance coverage protection
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck…
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NBA picks Amazon for media rights over Warner Bros. Discovery
Luka Doncic, #77 of the NBA’s Dallas Mavericks, shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals at the TD Garden in Boston on June 17, 2024. Nathaniel S. Butler | National Basketball Association | Getty Images The NBA has rebuffed longtime media partner Warner Bros. Discovery‘s bid to…
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The certified enterprise revenue deduction might expire after 2025
The Good Brigade | Digitalvision | Getty Images Tax breaks worth trillions of dollars are scheduled to expire after 2025 without extension from Congress — including a hefty deduction for millions of self-employed filers and business owners. Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017 created the qualified business…
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Citigroup (C) earnings Q2 2024
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity. Here’s what the company reported: Earnings: $1.52…
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A ‘radically inclusive’ out of doors house for LGBTQ+ and folks of shade
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. Danielle DeVries | CNBC EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford, New Jersey, was a…
