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Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Business News

Satellite communications company Globalstar listed on the Nasdaq on Tuesday after delisting from the New York Stock Exchange. “We did a reverse split — we’re a multibillion-dollar company but our stock price was down in the dollar-ish range,” CEO Paul Jacobs told CNBC’s Becky Quick on “Squawk Box.” “And people thought of us as a […]

Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq Read More »

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect

Business News

Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025. Firdous Nazir | Nurphoto | Getty Images Coca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday. “As it relates to our

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect Read More »

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry

Business News

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry Read More »

AI-powered sports media company raises million, led by Alexis Ohanian and Giannis Antetokounmpo

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo

Business News

ScorePlay video clipping tool ScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform’s investors include 20VC venture capital fund founder Harry Stebbings, Reddit co-founder Alexis Ohanian’s Seven Seven Six VC firm, NBA star Giannis Antetokounmpo, former Formula 1 champion Nico

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo Read More »

A million Bugatti and Michael Jordan’s BMW brought car auction company a record year

A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year

Business News

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. Bring a Trailer, the online classic car marketplace, sold a record $1.5 billion worth of cars last year despite

A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year Read More »

How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59

How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59

Business News

Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during Stellantis Stellantis DETROIT — A CEO’s exit, electric vehicles making the industry run around like “headless chickens” and a company’s U.S. revival all came together to make Ram and Jeep parent Stellantis the only automaker with a Super Bowl

How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59 Read More »

Trump is unlikely to end Medicare drug price talks — here’s what that means for patients and pharma

Trump is unlikely to end Medicare drug price talks — here’s what that means for patients and pharma

Business News

President Donald Trump arrives in the Brady Press Briefing Room at the White House on Jan. 30, 2025 in Washington, DC. Oliver Contreras | Afp | Getty Images President Donald Trump likely won’t do away with a landmark process that allows Medicare to negotiate drug prices with manufacturers, even as he moves to erase Joe

Trump is unlikely to end Medicare drug price talks — here’s what that means for patients and pharma Read More »

McDonald’s is about to report earnings. Here’s what to expect

McDonald’s is about to report earnings. Here’s what to expect

Business News

A McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024. Mario Tama | Getty Images McDonald’s is set to report its fourth-quarter earnings before the bell on Monday. Here is what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.83 expected Revenue: $6.44 billion expected The fast-food giant

McDonald’s is about to report earnings. Here’s what to expect Read More »

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