Business

Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.” “We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said,

In this article EDR WWE Follow your favorite stocksCREATE FREE ACCOUNT World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images Vince McMahon plans to sell a substantial chunk

In this article WBD PARA Follow your favorite stocksCREATE FREE ACCOUNT David Zaslav, CEO and president of Warner Bros. Discovery (L), and John Malone, chairman of Liberty Media, Liberty Global, and Qurate Retail Group. CNBC | Reuters Warner Bros. Discovery‘s next step to gain scale may be looking at distressed assets. Chief Executive David Zaslav

When Melissa Fuentes imagined the Christmas gifts she’d buy for her 9-year-old Tatiana, she figured she’d want Barbies, Bratz dolls or a scooter – the kinds of things she found under her tree growing up in the ’90s.  Instead, something unexpected made it to the top of the list this year: skin care.  “I would

In this article IRDM QCOM Follow your favorite stocksCREATE FREE ACCOUNT A Qualcomm sign is pictured at the Mobile World Congress in Shanghai. Aly Song | Reuters U.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday. Iridium stock fell more than 8% in after-hours

In this article AMC DIS Follow your favorite stocksCREATE FREE ACCOUNT SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California.  Mario Tama | Getty Images Before the actors’ union reached a labor deal with studios Wednesday night, Disney

In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain. Cristina Arias | Cover | Getty Images The Food and Drug Administration on Wednesday approved Eli Lilly‘s blockbuster drug tirzepatide for weight loss, paving the way for even wider use of the treatment in

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT The worldwide leader in sports still has some juice. ESPN operating income surged 16% from a year ago to $987 million in Disney‘s fiscal fourth quarter — the first time Disney has ever broken out the sports division’s finances. Revenue in the segment grew 1%

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT David Zaslav, President & CEO of Discovery Inc. Anjali Sundaram | CNBC Warner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers. Here’s what the company reported for the quarter ended Sept.

In this article WBD NFLX CMCSA PARA DIS Follow your favorite stocksCREATE FREE ACCOUNT NEW YORK, NEW YORK – OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors’

In this article PLNT Follow your favorite stocksCREATE FREE ACCOUNT A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images Planet Fitness shares surged double digits after beating expectations on both lines for the third quarter

In this article NES.N-CH Follow your favorite stocksCREATE FREE ACCOUNT Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up and simplify cooking. Wonder Group Food-delivery company Wonder Group has gotten a cash infusion from

In this article STLA STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT 2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Automaker Stellantis plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that’s equipped with an electric generator and a gas engine. If that sounds like an oxymoron, here’s how it works: The

A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O’Hara/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images If you listen to third-quarter corporate earnings calls,

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Hugh Johnston, PepsiCo David A. Grogan | CNBC Disney said Monday that Hugh Johnston, the longtime chief financial officer of PepsiCo, will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses. Johnston has spent

In this article TM TSLA Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago.  John J. Kim | Tribune News Service | Getty Images DETROIT – United Auto Workers President Shawn Fain

Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. The big-box retailer’s stock hit a

In this article LGF.A Follow your favorite stocksCREATE FREE ACCOUNT Starz CEO Jeffrey Hirsch Source: Starz Starz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K. Starz Chief Executive Officer Jeffrey Hirsch announced the

In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Patrick T. Fallon | AFP | Getty Images Paramount stock closed more than 15% higher Friday,

DraftKings, a fantasy sports website Getty Images The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers’ dollars is about to get more competitive. DraftKings, which reported quarterly results that beat Wall Street’s estimates on Thursday, has emerged as