Former Milwaukee Bucks co-owner Marc Lasry said he doesn’t believe L.A. Clippers owner Steve Ballmer attempted to circumvent the NBA’s salary cap by working with a third-party company to surreptitiously pay superstar Kawhi Leonard in 2021 “It’s not something I would ever believe,” Lasry told CNBC in an exclusive interview. “I’ve always found him to […]
Potbelly Sandwich Shop on October 3, 2015 in Louisville, Kentucky. Raymond Boyd Sandwich shop chain Potbelly will be acquired by convenience-store operator RaceTrac in a $566 million all-cash deal, the company announced Wednesday. The deal is expected to close in the fourth quarter of the year. Shares of Potbelly shot up more than 30% following
Potbelly acquired by convenience-store operator RaceTrac for $566 million Read More »
An Embraer SA E190-E2 passenger aircraft stands on display on day two of the Farnborough International Airshow (FIA) 2018 in Farnborough, U.K., on Tuesday, July 17, 2018. Bloomberg | Bloomberg | Getty Images Brazilian airplane maker Embraer has landed its first U.S. sale of its efficient but slow-selling E2 jets with a 50-plane deal from
Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire loans with fewer barriers to access, CNBC has learned. Pipe is teaming up with Uber Eats to add its embedded technology to the company’s restaurant manager app. Eligible restaurants will see pre-approved capital offers from Pipe that are customized
Uber partners with fintech firm Pipe to offer loans to small businesses Read More »
EverPass Media has inked a deal with Disney‘s ESPN to distribute live games and other content from its ESPN+ streaming service to bars, restaurants and other commercial establishments in the U.S. The deal bulks up EverPass’ offering of live sports streaming to businesses. EverPass already provides the NFL’s “Sunday Ticket” package, as well as all
ESPN inks deal with EverPass Media to bring ESPN+ to bars, restaurants Read More »
Ford on Wednesday rolled out a new advertising campaign that the company said will mark a “fundamental shift” in its branding strategy — and comes as the auto industry deals with major uncertainty. The automaker’s new strategy, titled “Ready, Set, Ford,” goes beyond vehicle-first advertising, Ford said, and instead focuses on the people who buy
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This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees being escorted outside the Hyundai Motor Group’s electric vehicle plant, Thursday, Sept. 4, 2025, in Ellabell, Ga. Corey Bullard/U.S. Immigration and Customs Enforcement via AP Last week’s sweeping immigration raid on a Hyundai facility in Georgia could spell
Hyundai immigration raid could leave other businesses reassessing their workforces Read More »
JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down. The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift
JPMorgan CEO Jamie Dimon says the economy ‘is weakening’ Read More »
The Cracker Barrel logo is seen on a billboard outside of one of its restaurants. Paul Weaver | Lightrocket | Getty Images The Old Country Store look is back. Cracker Barrel announced Tuesday it was suspending all restaurant remodels, the latest chapter in the controversy over its rebranding that reached as far as the Oval
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Airbus CEO Guillaume Faury told CNBC on Tuesday that the plane maker remains on pace to deliver about 820 commercial aircraft in 2025, even as engine production delays continue to limit its capabilities. In an interview with CNBC’s Phil LeBeau, Faury said the European company is “on track” with aircraft production and has been making
Airbus CEO reaffirms delivery guidance for 2025 Read More »
