Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk’s artificial intelligence startup, in 2025, according to a filing on Thursday. […]
Tesla sold $430 million worth of its Megapack batteries to xAI in 2025 Read More »
An American Airlines airplane arrives at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Ronen Tivony | Nurphoto | Getty Images American Airlines is planning to resume service to Venezuela from the United States for the first time since 2019, weeks after the U.S. captured Venezuela’s president. American would be the first U.S. carrier to
American Airlines to fly to Venezuela for first time since 2019 Read More »
U.S. Senate Minority Leader Chuck Schumer (D-NY) enters the U.S. Captiol on Jan. 27, 2026 in Washington, DC. Heather Diehl | Getty Images The Senate on Thursday failed to clear a key procedural hurdle on a crucial government funding package, with a shutdown set to begin on Saturday at 12:01 a.m. ET. The procedural vote
Funding bill fails to clear key Senate procedural vote Read More »
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. Many investment firms of ultra-rich families are keen to buy stakes in private companies directly rather than through private equity funds, which come
How family offices partner with PE funds to find top deals and save on fees Read More »
Starbucks is reintroducing tiers to its North American loyalty program in a bid to encourage coffee drinkers to visit more frequently as part of its broader turnaround strategy. The company made the announcement on Thursday at its investor day. Executives across the business are sharing more details on the company’s plans to drive future sales
Starbucks to reintroduce loyalty program tiers Read More »
The fatal shooting this weekend of a second American citizen by federal immigration agents in Minnesota has forced corporate leaders to do something they’ve rarely done since President Donald Trump returned to office last year: publicly disagree with his policies. For months, executives have kept quiet as the Trump administration expanded its sprawling immigration crackdown.
Trump Minnesota ICE action forces CEOs to weigh speaking out Read More »
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC DETROIT — General Motors is proving to be a star tightrope walker when it comes to balancing its profits,
GM’s ability to balance profits, Trump politics pays off for investors Read More »
Comcast posted mixed results for its fourth quarter on Thursday, beating analyst expectations on earnings but slightly missing on revenue. Once again, Comcast’s broadband business showed signs of significant competition facing cable companies. Comcast said it lost 181,000 domestic broadband customers during the period, although it said the losses were offset by an increase in
Comcast (CMCSA) earnings Q4 2025 Read More »
Starbucks is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation held in New York City on Thursday. When Starbucks suspended its outlook in October 2024, its long-term forecast projected global same-store sales would grow at least 5%, revenue would climb
Brian Niccol speaks on turnaround Read More »
A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund posted a record $1.4 billion return in 2025, its management team said Thursday, thanks to rallying tech, financial and mining stocks. By
Norway wealth fund posts $1.4 billion return amid tech, banking boom Read More »
