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California legislature passes bill that gives interest on insurance payouts to homeowners

California legislature passes bill that gives interest on insurance payouts to homeowners

An aerial view of properties cleared of wildfire debris which burned in the Eaton Fire on July 03, 2025 in Altadena, California. Mario Tama | Getty Images News | Getty Images The California state legislature passed a bill Monday that ensures homeowners, not lenders, receive at least some of the interest on insurance payouts for […]

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Versant to rename MSNBC, drop famed peacock logos in Comcast separation

Versant to rename MSNBC, drop famed peacock logos in Comcast separation

The brand logo for My Source News Opinion World Courtesy of Versant MSNBC will change its name later this year and drop the storied peacock image from its branding — the first real public-facing changes in Versant’s upcoming separation from Comcast’s NBCUniversal. The political news network will be renamed My Source News Opinion World, or

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When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses

When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses

Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his

When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses Read More »

Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field

Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field

Insurance firm Gallagher is tapping into a new kind of summer intern: professional athletes. Last year, the insurance giant expanded its internship program to offer positions to pro athletes, giving them a pathway to prepare for life after sports. In return, Gallagher discovered the stars also tend to shine off the field. “They know what

Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field Read More »

AI is moving into the apartment market, taking over work orders, lease renewals, showings and more

AI is moving into the apartment market, taking over work orders, lease renewals, showings and more

Angel Santana Garcia | Istock | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future

AI is moving into the apartment market, taking over work orders, lease renewals, showings and more Read More »

Family offices flock to private markets with allocations surging over 500% in nearly a decade

Family offices flock to private markets with allocations surging over 500% in nearly a decade

Westend61 | Westend61 | 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 and consumer. Sign up to receive future editions, straight to your inbox. As the world’s rich have gotten richer, their investment firms have doubled down on private assets such

Family offices flock to private markets with allocations surging over 500% in nearly a decade Read More »

Tapestry shares plunge nearly 16% as Coach parent says tariffs will bite into profits

Tapestry shares plunge nearly 16% as Coach parent says tariffs will bite into profits

People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | Reuters Shares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow. The company’s stock closed the day at $95.69, down nearly 16%. The handbag, shoe and

Tapestry shares plunge nearly 16% as Coach parent says tariffs will bite into profits Read More »

Nike co-founder Phil Knight to donate  billion to OHSU’s Knight Cancer Institute

Nike co-founder Phil Knight to donate $2 billion to OHSU’s Knight Cancer Institute

Phil Knight Matthew Staver | Bloomberg | Getty Images Nike co-founder Phil Knight is donating $2 billion to the Oregon Health and Science University’s Knight Cancer Institute, the single largest donation ever to a U.S. university, college or health institution, according to the Knight Foundation. The foundation said on Thursday the gift that will be

Nike co-founder Phil Knight to donate $2 billion to OHSU’s Knight Cancer Institute Read More »

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