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Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup

Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup

Business News

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year. Cahillane […]

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Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Business News

Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through

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Frontier Airlines replaces CEO Barry Biffle with carrier’s president

Frontier Airlines replaces CEO Barry Biffle with carrier’s president

Business News

Barry Biffle, president and chief executive officer Frontier Airlines, prior to a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing in Washington, DC, US, on Tuesday, Sept. 30, 2025. Kent Nishimura | Bloomberg | Getty Images Frontier Group Holdings, the parent of budget carrier Frontier, replaced its nearly decade-long CEO, Barry Biffle,

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Ford to record .5 billion in special charges related to EV pullback

Ford to record $19.5 billion in special charges related to EV pullback

Business News

A Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, U.S. Oct. 20, 2025. Mike Blake | Reuters DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday.

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OpenAI poaches Google executive to lead corporate development

OpenAI poaches Google executive to lead corporate development

Finance News

Samuel Boivin | Nurphoto | Getty Images OpenAI has hired Google’s Albert Lee to lead corporate development, a spokesperson for the artificial intelligence startup confirmed to CNBC. Lee previously led corporate development for Google Cloud and Google DeepMind. He worked on several of Google’s high-profile acquisitions, including its $32 billion purchase of the cloud security

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From puppies to superheroes, Chinese AI toys are bringing hugs — and hesitation

From puppies to superheroes, Chinese AI toys are bringing hugs — and hesitation

Technology News

Haivivi Bubblepal, an AI toy. Courtesy: Haivivi It seems everyone is talking about AI these days — even Ultraman.  When asked if investors should be worried about an AI bubble, the new second generation CocoMate AI-powered plush toy by Chinese company Haivivi warned about the dangers of speculation in AI stocks. “The AI market has

From puppies to superheroes, Chinese AI toys are bringing hugs — and hesitation Read More »

‘Stranger Things’ ushered in a new era for Netflix

‘Stranger Things’ ushered in a new era for Netflix

Business News

Noah Schnapp, Caleb McLaughlin, Finn Wolfhard and Gaten Matarazzo star in Season 5 of Netflix’s “Stranger Things.” Courtesy: Netflix The original concept for what would become “Stranger Things” was rejected by more than 15 studios before landing a spot on Netflix’s roster of original programming. A decade later, the show created, written and directed by

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Disney’s ‘Zootopia 2’ to hit billion box office, only the second Hollywood film to do so this year

Disney’s ‘Zootopia 2’ to hit $1 billion box office, only the second Hollywood film to do so this year

Business News

Disney’s “Zootopia 2” follows detectives Judy Hopps and Nick Wilde find themselves on the twisting trail of a mysterious reptile who turns the mammal metropolis of Zootopia upside down. Disney The Walt Disney Company tallied its second billion-dollar film of 2025 with the help of a determined bunny and mischievous fox. “Zootopia 2” is set

Disney’s ‘Zootopia 2’ to hit $1 billion box office, only the second Hollywood film to do so this year Read More »

Rivian’s AI, autonomy impress Wall Street, but EV and capital concerns remain

Rivian’s AI, autonomy impress Wall Street, but EV and capital concerns remain

Finance News

Rivian CEO RJ Scaringe at the company’s first “Autonomy and AI Day” on Dec. 11, 2025, in Palo Alto, California. Lora Kolodny | CNBC Rivian Automotive impressed Wall Street on Thursday with its plans for artificial intelligence, automation and an internally developed silicon chip, but significant challenges involving demand and capital remain for the electric

Rivian’s AI, autonomy impress Wall Street, but EV and capital concerns remain Read More »

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