Google’s blowout earnings report in April, which sparked the biggest rally in Alphabet shares since 2015 and pushed its market cap past $2 trillion for the first time, tempered fear that the company was falling behind in artificial intelligence. As executives…
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Business
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The advertising market has positive momentum going into 2025 — especially for media companies with sports rights and tentpole live programming. Sports and live events such as awards shows reigned supreme in conversations with media…
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Richard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died. He was 76. His death was confirmed by Lazard, where he was a longtime…
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Business
Treasury delays deadline for small businesses to file new form to avoid noncompliance fines
The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The Treasury had initially required many…
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Business
Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech…
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A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins. Though it still represents only about…
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Business
Digital health companies got pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
If the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech…
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Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump’s inaugural committee, as they seek to get on his good side and make inroads before he takes office. Some of…
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Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the…
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The Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit accounts to receive their pay. The agency alleges that Walmart and the vendor,…