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David Ellison, CEO of Paramount Skydance, speaks during the Paramount Pictures presentation at CinemaCon, the official convention of Cinema United, in Las Vegas, Nevada, April 16, 2026. Caroline Brehman | Reuters A new movie every 11 days? That’s what Paramount’s David Ellison is promising after clearing a path this week for his company’s acquisition of…
The 6th U.S. Circuit Court of Appeals ruled on Friday that states have a right to regulate sports-related event contracts on prediction market platforms, marking a second major legal defeat for the industry as a fight at the U.S. Supreme Court looms.Β In a unanimous decision, the three judge panel said that Ohio and Tennessee…
Our top 10 things to watch Friday, Sept. 25 β Club editors Matthew J. Belvedere and Kevin Stankiewicz wrote today’s newsletter. 1. Stocks are heading for a higher open, with the S & P 500 and Nasdaq poised to post winning weeks. Oil prices are down this morning, but bond yields are still up. The…
The former CEO of U.S.-based credit union Family First is no longer with the company, days after she posted an allegedly AI-edited family photo of her family with “Lake America” sweatshirts. On Wednesday, a statement posted to the company’s website revealed that Jane Smith was no longer with Family First “effective immediately,” with chief operations…
Oracle shares fell 4% on Thursday following news that the company sent a “force majeure” notice tied to its New Mexico data center project to protect itself from higher expenses. “Project Jupiter remains on our planned schedule,” Oracle said in a statement to CNBC. “We are fully committed to New Mexico and confident in our…
He Yadong, spokesperson for China’s Ministry of Commerce, gestures at a regular press conference on July 2, 2025 in Beijing, China. China News Service | China News Service | Getty Images BEIJINGβChina’s Commerce Ministry confirmed Thursday that its senior trade negotiators had held their first talks with the U.S. on artificial intelligence. Spokesperson He Yadong…
Meta CEO Mark Zuckerberg is continuing his metaverse bet centering on virtual reality while pushing forward on AI agents. The Facebook co-founder revealed on Wednesday the Meta VR Glasses, a smaller and slimmer device compared to the company’s older Quest-branded family of VR headsets, and a handheld device called the Muse Charm that works with…
Activist hedge fund Toms Capital Management sent a letter earlier this month to Devon Energy urging the Houston-based oil and gas company to review strategic alternatives, including a sale. Toms, which manages just over $4 billion in assets, says in the letter viewed by CNBC it is now one of Devon’s top five shareholders. The…
U.S. President Donald Trump speaks to media as he arrives during the 81st session of the United Nations (U.N.) General Assembly at U.N. Headquarters on September 22, 2026 in New York City. Alexi J. Rosenfeld | Getty Images Hello, this is Leonie Kidd coming to you from London. Welcome to another edition of CNBC’s Daily…
Royal Caribbean is nearing a $3 billion deal to take a 50% equity stake in Sandals, according to a person familiar with the matter. The person, who asked not to be named because the talks had not been made public, said the deal values the Caribbean resort chain at $6 billion and that it was…