Economy
Biden preparing to block U.S. Steel sale to Japanese company
WASHINGTON — President Joe Biden is preparing to announce that he will formally block Nippon Steel’s proposed $14.9 billion acquisition...
Read moreRed Lobster cleared to exit Chapter 11 bankruptcy
A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy. The...
Read moreWhy the LA Rams are worth $2 billion more than the LA Chargers
There is a $2 billion gulf growing in Los Angeles. The National Football League’s Los Angeles Rams, No. 2 on CNBC’s Official...
Read moreNFL’s next big media rights payday is years off — and subject to a shifting industry
In 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July, the National Basketball Association signed...
Read moreHow Nvidia doubled earnings, lost almost $300 billion in value and shook the stock market
It’s been described as the most important company in the world at the moment. But new concerns surrounding Nvidia, the...
Read moreNvidia’s $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks
Global semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia’s share price in the U.S. overnight....
Read moreNFL season expected to spur record $35 billion in legal sports wagers
Football is back, and it’s expected to bring with it record-breaking betting. U.S. adults will wager $35 billion this NFL...
Read moreVolkswagen braces for showdown with unions after warning of possible German plant closures
German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its...
Read moreNBC ripped up its Olympics playbook for 2024 — so far, the new strategy paid off
Comcast’s NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the...
Read moreESPN networks, ABC and Disney channels go dark on DirecTV on a busy night for sports
ESPN has gone off the air on a major carrier for the second straight year during the U.S. Open tennis...
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