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Saudi sovereign wealth fund PIF deepens investment in women’s professional golf

Saudi sovereign wealth fund PIF deepens investment in women’s professional golf

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PIF will become the title sponsor of revamped golf series. Severn Images Saudi Arabia is deepening its investment in women’s professional golf. The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, announced on Wednesday that it will become the title partner of five events that will take place on the the Ladies European […]

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Bill Gates doubles giving to 0 billion, says philanthropists can’t cover government cuts

Bill Gates doubles giving to $200 billion, says philanthropists can’t cover government cuts

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Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission’s Berlaymont headquarters in Brussels on October 11, 2023. Simon Wohlfahrt | Afp | Getty Images Billionaire Bill Gates announced on Thursday that he will double his charitable giving to $200 billion over the next 20 years. In

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Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

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Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in

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Family offices still betting on AI startups during deal slowdown

Family offices still betting on AI startups during deal slowdown

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Jack Hidary, CEO of SandboxAQ Courtesy of SandboxAQ A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich, rattled by President Donald Trump’s tariffs, continued

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Carvana’s record quarterly results top Wall Street expectations

Carvana’s record quarterly results top Wall Street expectations

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Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie

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March Madness drags down Flutter first-quarter results

March Madness drags down Flutter first-quarter results

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Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA’s college basketball tournament weighed on overall first-quarter results for FanDuel’s parent company.  The global sports and online gambling platform reported first-quarter adjusted earnings per share of $1.59, missing Wall Street consensus of $1.89 per share, according to LSEG. Revenue for the period also missed

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Netflix unveils revamped homepage and app with OpenAI-powered search tool

Netflix unveils revamped homepage and app with OpenAI-powered search tool

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Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search. Courtesy: Netflix Netflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier for its members. The user experience revamp goes beyond the TV screen. Netflix is also making

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Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

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A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs Read More »

Disney reports surprise uptick in streaming subscribers, beats on top and bottom lines

Disney reports surprise uptick in streaming subscribers, beats on top and bottom lines

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Disney posted fiscal second-quarter earnings Wednesday that beat on the top and bottom lines, boosted by better-than-expected subscriber growth for its Disney+ streaming platform.  The company upped some of its fiscal 2025 guidance and posted revenue growth in all three of its business segments. It separately announced a new theme park and resort in Abu

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