A group of high powered investors want to raise billions to form a new international basketball league, according to people…
Category:
Business
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BusinessEditor's Pick
American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations…
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BusinessEditor's Pick
Target says its holiday sales were better than expected — but its profits weren’t
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly…
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JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most…
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Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports…
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BusinessEditor's Pick
Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt…
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Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits.…
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Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales…
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BusinessEditor's Pick
There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon
The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an…
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BusinessEditor's Pick
Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.
Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed…