Business Archives | Page 6 Of 184

Walton family fortune: How America’s richest family manages their wealth

Rob Walton, left, Walmart retired chairman of the board, and Walmart board member Steuart Walton listen at the Walmart annual formal business and shareholders meeting in Rogers, Arkansas, on May 30, 2018. Walmart shareholders from around the world can attend meetings throughout the week. Rick T. Wilking | Getty Images A version of this article […]

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Art Basel Miami sees strong attendance and sales as art market recovers

Business News

Art Basel Miami Beach racked up strong sales and attendance last week, as the art market rode a wave of renewed confidence following the strong November auctions in New York. More than 80,000 collectors and art fans poured into the Miami Convention Center for the annual art show, with several works selling for over $1

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JetBlue unveils first ever airport lounge, BlueHouse. Here’s what’s inside

Business News

JetBlue Airways’ new lounge, BlueHouse, at JFK’s Terminal 5. Courtesy: JetBlue Airways JetBlue Airways‘ first airport lounge since it started flying nearly 26 years ago is here, inspired by a New York City apartment — but bigger. The 9,000-square foot lounge, called BlueHouse, is set to open Dec. 18 at 5 a.m. ET at the

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Goldman Sachs leads investment in software delivery startup Harness at .5 billion valuation

Goldman Sachs leads investment in software delivery startup Harness at $5.5 billion valuation

Finance News

Jyoti Bansal, co-founder and CEO of Harness, speaks at the company’s Unscripted conference in London on Sept. 25, 2025. Harness Almost nine years ago, Jyoti Bansal sold AppDynamics to Cisco for $3.7 billion just as the software startup was set to go public. Bansal’s latest venture, Harness, is now worth substantially more than that, after

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Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom

Finance News

Illustration of the SK Hynix company logo seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images South Korea’s SK Hynix on Wednesday confirmed that it is weighing a U.S. listing as the memory chipmaker’s valuation soars on global demand for artificial intelligence hardware. The company at the center of the AI

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Oracle set to report quarterly results after the bell

Finance News

Larry Ellison, Oracle’s co-founder and chief technology officer, appears at the Formula One British Grand Prix in Towcester, U.K., on July 6, 2025. Jay Hirano | Sopa Images | Lightrocket | Getty Images Oracle is scheduled to report fiscal second-quarter results after market close on Wednesday. Here’s what analysts are expecting, according to LSEG: Earnings

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Southwest CEO says airline ‘actively pursuing’ network of airport lounges

Business News

A Southwest Airlines plane takes off from Minneapolis–Saint Paul International Airport in Minneapolis, Minnesota, U.S., November 7, 2025. Tim Evans | Reuters Southwest Airlines is “actively pursuing” the possibility of opening a network of airport lounges, CEO Bob Jordan told CNBC on Wednesday, as the airline industry continues to fight over premium travelers. “I think

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Rivian turns to AI, autonomy to woo investors as EV sales stall

Business News

Rivian CEO RJ Scaringe tours the inside of electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters DETROIT — Rivian Automotive will let artificial intelligence take the wheel to try to convince investors that its future can be more lucrative than its past. The all-electric vehicle

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Former GitLab CEO raises money for Kilo to compete in crowded AI coding market

Technology News

Investors are betting there’s room for another startup using artificial intelligence to help software engineers write code faster. The difference with Kilo Code is it counts former GitLab CEO Sid Sijbrandij among its founders. On Wednesday, Kilo Code announced $8 million in seed funding, with backing from Breakers, Cota Capital, General Catalyst, Quiet Capital and

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The Fed meeting, pressure on Oracle, Target’s fashion-forward renovation and more in Morning Squawk

Finance News

Television stations broadcast Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange in New York, US, on Wednesday, Oct. 29, 2025. Michael Nagle | Bloomberg | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions

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