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New foreclosures jump 20% in October, a sign of more distress in the housing market

New foreclosures jump 20% in October, a sign of more distress in the housing market

fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type

New foreclosures jump 20% in October, a sign of more distress in the housing market Read More »

AI startup Cursor raises .3 billion funding round at .3 billion valuation

AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation

Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Cursor built a popular AI coding tool that helps software developers generate, edit and

AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation Read More »

Uber will start taking skiers to the slopes at over 40 resorts across U.S. and Europe

Uber will start taking skiers to the slopes at over 40 resorts across U.S. and Europe

Omar Marques | Lightrocket | Getty Images With ski season approaching, Uber wants to take you to the slopes. The ride-hailing company on Thursday announced Uber Ski, which will allow users to book a ride to and from nearly 40 mountains in the U.S., Canada, Switzerland, and France, according to a release. The services is

Uber will start taking skiers to the slopes at over 40 resorts across U.S. and Europe Read More »

Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company

Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company

Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg. Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box”

Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company Read More »

Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day

Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day

Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than

Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day Read More »

Joby Aviation wraps up first military aircraft test flight with partner L3Harris

Joby Aviation wraps up first military aircraft test flight with partner L3Harris

Joby Aviation’s hybrid aircraft. Courtesy: Joby Aviation Joby Aviation completed the first test flight of its hybrid defense aircraft, three months after the company teamed up with government contractor L3Harris on the project. The successful launch occurred on Nov. 7, at Joby’s facility in Marina, California, the company said on Thursday. Chairman Paul Sciarra told

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This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes

This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes

Row of single-family detached houses in Alexandria, Virginia. Grace Cary | Moment | 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

This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes Read More »

Disney posts mixed results as streaming growth is offset by legacy TV declines

Disney posts mixed results as streaming growth is offset by legacy TV declines

A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney reported fiscal fourth-quarter earnings on Thursday that topped analyst expectations for earnings but

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