‘The Big Money Show’ discusses the growing Democratic division over Bernie Sanders’ ‘tax the rich’ agenda. In another massive blow to high-tax blue states, Apollo Global Management Inc. has announced plans to establish a second U.S. headquarters, scouting locations in Texas and South Florida. The financial investment heavyweight allegedly shared with its teams on Sunday…
Oracle has started telling employees that it’s cutting thousands of jobs, CNBC has confirmed, as the software maker deals with a plummeting stock price tied to hefty capital commitments for building out AI infrastructure. While Oracle’s core business is on the receiving end of market panic about competitive risk from generative artificial intelligence models, the…
A Nike logo is displayed at a Nike store on Feb. 5, 2026 in Austin, Texas. Brandon Bell | Getty Images Nike topped Wall Street’s quarterly earnings and revenue expectations on Tuesday but posted a mixed picture in its two most important regional markets. Nike’s largest market of North America continued to show steady growth,…
Next step for Whoop (WHOO.PVT): a healthy IPO day. The wearable device company — which dubs itself a “human performance company” — said Tuesday it raised $575 million in Series G funding at a $10.1 billion valuation. Rival Oura Health, maker of the Oura Ring, raised a $900 million round at a $11 billion valuation…
McCormick will buy Unilever’s food business for a combination of cash and equity, in a deal that values the Unilever unit at nearly $45 billion, the two food companies announced. To purchase most of Unilever Foods’ portfolio, including Hellmann’s mayo and U.K. favorite Marmite, McCormick will pay $15.7 billion in cash. Unilever shareholders will own…
COOPERSVILLE, MICH. — The Coca-Cola Co. is investing $650 million to upgrade its Fairlife facility in Coopersville, Mich. The investment will enable the company to add two production lines. The company said construction on the 245,000-square-foot expansion is expected to begin later this year. Commercial production on the lines is set to begin in 2028,…
A ‘Kudlow’ panel analyzes President Donald Trump’s controversial ‘Venezuela oil model’ for Iran, aiming to seize control of Iranian crude. U.S. gasoline prices on Monday topped $4 a gallon nationwide, adding pressure to household budgets as oil markets surge in response to the lingering Iran conflict. Data from GasBuddy showed the national average price for…
JPMorgan Chase (JPM) said on Tuesday it plans to lend $80 billion to US small businesses over the next decade and add 1,000 bankers as part of a wider multiyear push to go after more Main Street customers. JPMorgan CEO Jamie Dimon said the wider plan is part aimed at “reigniting the American Dream” by…
Warren Buffett said he’s not totally done with Berkshire Hathaway. In an interview with CNBC’s Becky Quick, the 95-year-old “Oracle of Omaha” said he’s still closely involved in investment decisions at the massive financial conglomerate he built with his late business partner Charlie Munger. The billionaire investor officially handed the reins to successor Greg Abel…
Good news: Oil traders are betting the Iran war will end fairly soon. Bad news: They’re also betting the economic damage from the war could last for years. Crude has surged above $110 a barrel, making $4-a-gallon gas and $5.40 diesel a painful reality in the United States. But when we say “crude is trading…
