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Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Business News

Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing. Oleg Breslavtsev | Moment | Getty Images 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 […]

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040 Read More »

Government shutdown means opportune timing for Neptune Flood IPO

Government shutdown means opportune timing for Neptune Flood IPO

Business News

The timing of Neptune Insurance Holdings’ IPO couldn’t be more opportune. Neptune, the nation’s largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol “NP.” The company sold more than 18 millions shares in its initial public offering at $20 apiece. The company’s first trade comes just as the

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States sue Zillow, Redfin for alleged antitrust violation in online rental housing

States sue Zillow, Redfin for alleged antitrust violation in online rental housing

Business News

Rafael Henrique | Lightrocket | Getty Images Attorneys general from five states sued Zillow and Redfin on Wednesday, alleging the companies schemed to stop competition in the online housing rental market. The lawsuit follows a similar one filed by the Federal Trade Commission on Tuesday. Officials from New York, Arizona, Connecticut, Washington and Virginia jointly

States sue Zillow, Redfin for alleged antitrust violation in online rental housing Read More »

Trump’s threats against late-night TV could spell more trouble for advertisers

Trump’s threats against late-night TV could spell more trouble for advertisers

Business News

A sign is displayed outside the El Capitan Entertainment Centre in Hollywood where the “Jimmy Kimmel Live!” show will be recorded on the first night the show will return to the ABC lineup on September 23, 2025 in Los Angeles, California. Mario Tama | Getty Images Late-night television has come under fire in recent months.

Trump’s threats against late-night TV could spell more trouble for advertisers Read More »

FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings

FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings

Business News

The stock market graphic of Zillow Group is displayed on a smartphone with the logo of Zillow in the background on Feb. 21, 2021. Sopa Images | Lightrocket | Getty Images The Federal Trade Commission is suing real estate giants Zillow and Redfin, alleging the two illegally conspired to reduce competition in the online multifamily

FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings Read More »

Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns

Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns

Business News

Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — “A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he

Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns Read More »

Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays

Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays

Business News

The entrance to the Peloton offices in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Peloton on Wednesday said it’s relaunching its product assortment, introducing a commercial equipment line and raising prices for both subscriptions and hardware as the company looks to reignite growth ahead of the holiday shopping season.  The revamped assortment includes

Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays Read More »

Nike posts surprise sales growth but turnaround work is far from over

Nike posts surprise sales growth but turnaround work is far from over

Business News

Nike on Tuesday posted surprise sales growth in its fiscal first quarter, but the sneaker giant still has work ahead to execute its turnaround. The company said revenue rose 1% in the three months ended Aug. 31, after previously saying it anticipated sales would fall by a mid-single digit percentage in the period. Still, Nike’s

Nike posts surprise sales growth but turnaround work is far from over Read More »

Spirit Airlines touts ‘massive progress’ in bankruptcy

Spirit Airlines touts ‘massive progress’ in bankruptcy

Business News

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.  Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a

Spirit Airlines touts ‘massive progress’ in bankruptcy Read More »

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