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Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

Tommy | Digitalvision Vectors | Getty Images Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales. At least 50 companies […]

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Crypto investor pays  million for a banana — and plans to eat it

Crypto investor pays $6 million for a banana — and plans to eat it

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. Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of crypto and viral art.

Crypto investor pays $6 million for a banana — and plans to eat it Read More »

SailGP signs Rolex as first title partner of global sailing competition

SailGP signs Rolex as first title partner of global sailing competition

SailGP signs Rolex as first title partner of global sailing competition Courtesy: SailGP The self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition. SailGP, which kicks off the 2025 season in Dubai on Saturday, will now be known as the “Rolex SailGP Championship.” “Leading into

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NHL great Wayne Gretzky says Alex Ovechkin has been ‘exceptional’ for hockey as he nears goals record

NHL great Wayne Gretzky says Alex Ovechkin has been ‘exceptional’ for hockey as he nears goals record

As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky’s all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him. “Alex has been exceptional for our game,” Gretzky said on CNBC’s “Squawk Box” on Thursday. “I hope I’m the first guy to shake

NHL great Wayne Gretzky says Alex Ovechkin has been ‘exceptional’ for hockey as he nears goals record Read More »

CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal

CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal

Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Thursday issued a finalized version

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Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group

Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group

New York Golf Club includes Matt Fitzpatrick, Rickie Fowler, Xander Schauffele and Cameron Young. Courtesy: TGL Tiger Woods and Rory McIlroy’s new golf league, TGL, is getting some fresh star power representing the Big Apple. Cohen Private Ventures, the family office of Steve Cohen, announced on Thursday that Eli Manning, Derek Jeter, CC Sabathia, Michael

Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group Read More »

Comcast’s cable network spinoff may be a signal to the media industry for necessary change

Comcast’s cable network spinoff may be a signal to the media industry for necessary change

Nikolas Kokovlis | Nurphoto | Getty Images Comcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal’s cable networks — except Bravo — into a separately publicly traded entity. Investors’ initial shrug at the proposed transaction underscores the uncertainty of the maneuver. The hope for Comcast is

Comcast’s cable network spinoff may be a signal to the media industry for necessary change Read More »

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