The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images The Walt Disney Company will no longer use Slack for in-house company communication months after … Read more
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024. Brendan Mcdermid | Reuters Nike on Thursday announced that its CEO, John Donahoe, is stepping down and company veteran Elliott Hill is coming out of … Read more
Las Vegas Raiders President Sandra Douglass Morgan & Carolina Panthers President, Kristi Coleman. Getty Images (L) | AP (R) When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The game is the first time two female presidents will go head-to-head in … Read more
An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty Images American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer … Read more
The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come. Even so, aspiring homebuyers and homeowners eager to refinance should temper their expectations of a big drop in mortgage rates from here. While the Fed doesn’t set mortgage rates, its policy … 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. Family offices are the most bullish they’ve been in years, putting their cash to work in stocks and alternatives as the Fed starts … Read more
Former CEO for Boeing’s defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019. Karim Sahib | AFP | Getty Images The head of Boeing‘s defense unit Ted Colbert is leaving the company effective immediately, said CEO Kelly Ortberg, marking his first major executive change since he … Read more
Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024. Matt Mills Mcknight | Reuters RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. A … Read more
Imagine binge-watching The Bear, Succession, Deadpool and reality show Bigg Boss all on one platform – an entertainment bonanza could be just around the corner for Indians if a blockbuster streaming merger goes through as expected. The deal, which brings together the media assets of India’s largest conglomerate Reliance Industries and entertainment giant Walt Disney, … Read more
LONDON — This should be a time of celebration for Britain’s Labour Party, which opens its annual conference Sunday less than three months after winning power in a landslide after 14 years in opposition. But it’s no victory lap for Prime Minister Keir Starmer. His government is facing a reckoning with a battered economy and … Read more