Business News Archives | Page 5 Of 93

The U.S. added a thousand new millionaires a day in 2024: report

Mercer Island, a wealthy enclave just outside Seattle. Danita Delimont | Gallo Images Roots Rf Collection | 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. The United States is […]

The U.S. added a thousand new millionaires a day in 2024: report Read More »

Los Angeles Lakers owners sell majority stake in the team at billion valuation

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation

Business News

Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation Read More »

FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option

Business News

The Food and Drug Administration on Wednesday approved Gilead’s twice-yearly antiviral injection for preventing HIV — a milestone that the company and some experts say could help bring the world closer to ending the decadeslong epidemic caused by the virus. But the launch of the injectable drug, which will be marketed under the name Yeztugo,

FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option Read More »

Nike pushes back Skims launch with Kim Kardashian due to production delays

Business News

NikeSKIMS, a new brand from NIKE Inc. and SKIMS. Courtesy: NikeSKIMS Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a

Nike pushes back Skims launch with Kim Kardashian due to production delays Read More »

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury

Business News

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Secretary of Education Linda McMahon attend a Make America Healthy Again (MAHA) Commission event, in the East Room of the White House in Washington, D.C., U.S., May 22, 2025. Evelyn Hockstein | Reuters A key, revamped government panel of vaccine advisors appointed by

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury Read More »

Democrats press Pfizer, J&J and others over low tax bills and lobbying as Senate debates Trump’s plan

Business News

The Johnson & Johnson logo displayed on a monitor. Sopa Images | Lightrocket | Getty Images Two Democratic lawmakers on Tuesday pressed five of the nation’s largest pharmaceutical companies about their low tax bills and whether they support extending massive tax cuts for the industry in the GOP reconciliation bill. Sen. Elizabeth Warren, D-Mass., and

Democrats press Pfizer, J&J and others over low tax bills and lobbying as Senate debates Trump’s plan Read More »

Streaming surpasses combined broadcast and cable viewing for first time ever

Business News

Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report. Streaming represented 44.8% of total TV viewership in May, its largest share to date, while broadcast (20.1%) and cable (24.1%) combined represented 44.2% of TV viewing, according to Nielsen’s The Gauge monthly report. Compared with

Streaming surpasses combined broadcast and cable viewing for first time ever Read More »

Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers

Business News

Homes under construction at the Toll Brothers Preserve at Folsom Ranch community in Folsom, California, US, on Thursday, March 6, 2025. T Bloomberg | Bloomberg | Getty Images Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders. Builder sentiment in June dropped 2

Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers Read More »

PGA Tour names NFL’s Brian Rolapp as CEO to succeed Commissioner Jay Monahan

Business News

NFL chief media and business officer Brian Rolapp. Doug Murray | AP The PGA Tour on Tuesday named top NFL executive Brian Rolapp its next chief executive officer to succeed current Commissioner Jay Monahan. Monahan will begin to transition his day-to-day responsibilities to Rolapp and will step down at the end of 2026. Monahan said

PGA Tour names NFL’s Brian Rolapp as CEO to succeed Commissioner Jay Monahan Read More »

JetBlue to cut more flights, other costs with break-even 2025 ‘unlikely’ due to weaker travel demand

Business News

A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California. Kevin Carter | Getty Images JetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year unlikely. “We’re

JetBlue to cut more flights, other costs with break-even 2025 ‘unlikely’ due to weaker travel demand Read More »

The U.S. added a thousand new millionaires a day in 2024: report

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation

Nike pushes back Skims launch with Kim Kardashian due to production delays

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury

Streaming surpasses combined broadcast and cable viewing for first time ever

Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers

PGA Tour names NFL’s Brian Rolapp as CEO to succeed Commissioner Jay Monahan

JetBlue to cut more flights, other costs with break-even 2025 ‘unlikely’ due to weaker travel demand

Stay Connected

Subscribe

Business News

Stay Connected

Subscribe

Don’t miss latest news!

<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f576.png" alt="🕶" class="wp-smiley" style="height: 1em;max-height: 1em" /> Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Relax!