Netflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros. Discovery is considering all options for its future and may lose broadcast rights to the NBA.…
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Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving for potential homebuyers, access to affordable credit is another significant roadblock. An estimated 50 million Americans are “credit…
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The Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media, accusing him of lying about his firm’s plans to combine with Donald Trump’s social media startup. Patrick Orlando allegedly…
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Business
Willow Bay and Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250M valuation
by adminWillow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer League announced the couple had…
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Savings drained and living off $2,400 a month, a Florida retiree misses out on her ‘golden years’
by adminThis is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Retirement has not been what Lucy Haverfield envisioned. “I thought my 60s were going to be…
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Business
Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
by adminDETROIT — Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion…
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Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking the most valuable fossil ever sold at auction. The 150 million-year-old stegosaurus…
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Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production
by adminZyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new production facility in Aurora, Colorado,…
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Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its key rate, will be lowered…
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Business
65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion
by adminThis story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into…