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Zelle payments top  trillion in 2024 as network’s growth outpaces rivals including PayPal

Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal

Zelle icon displayed on a phone screen and Zelle logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by bank-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said […]

Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal Read More »

CVS results top estimates even as high medical costs drag down insurance unit

CVS results top estimates even as high medical costs drag down insurance unit

An exterior view of a CVS pharmacy in Danville, Pennsylvania.  Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs.  The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6

CVS results top estimates even as high medical costs drag down insurance unit Read More »

Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says

Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says

A seller holds up a bottle of Casamigos, tequila from Diageo, the world’s leading spirits maker, as U.S. President-elect Donald Trump plans to impose tariffs on Mexico that could affect up to $1.6 billion in tequila sales, at a liquor store in Monterrey, Mexico, December 10, 2024.  Daniel Becerril | Reuters The U.S. spirits industry

Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says Read More »

Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Satellite communications company Globalstar listed on the Nasdaq on Tuesday after delisting from the New York Stock Exchange. “We did a reverse split — we’re a multibillion-dollar company but our stock price was down in the dollar-ish range,” CEO Paul Jacobs told CNBC’s Becky Quick on “Squawk Box.” “And people thought of us as a

Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq Read More »

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect

Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025. Firdous Nazir | Nurphoto | Getty Images Coca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday. “As it relates to our

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect Read More »

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry Read More »

AI-powered sports media company raises  million, led by Alexis Ohanian and Giannis Antetokounmpo

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo

ScorePlay video clipping tool ScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform’s investors include 20VC venture capital fund founder Harry Stebbings, Reddit co-founder Alexis Ohanian’s Seven Seven Six VC firm, NBA star Giannis Antetokounmpo, former Formula 1 champion Nico

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo Read More »

A  million Bugatti and Michael Jordan’s BMW brought car auction company a record year

A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year

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. Bring a Trailer, the online classic car marketplace, sold a record $1.5 billion worth of cars last year despite

A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year Read More »

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