Business

The billionaire founder of Rockstar Energy has purchased millions of shares of Celsius Holdings and is calling for the ouster of that company’s CEO after its earnings miss this week. Russ Savage now controls more than 12 million shares of Celsius, he told CNBC. Celsius markets its energy drinks to athletes and health-conscious consumers and

Grindr CEO George Arison in New York, June 4, 2026. Emma Rose Milligan | Bloomberg | Getty Images Grindr is betting that artificial intelligence can do more than just improve the dating app experience. It believes AI can simultaneously create a new premium subscription business while also dramatically changing how quickly its engineers build software.

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. A megayacht once valued at more than $300 million was sold by the U.S. government for $187 million to an Emirati billionaire whose

SpaceX employees celebrate the market close of the SpaceX initial public offering (IPO) at the Nasdaq Marketsite on June 12, 2026, in New York City. Spencer Platt | Getty Images SpaceX believers are trying a new approach in the options market. Up until now, options flows were largely dominated by out-of-the-money call-buying, but the most

United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 35% on Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group

Brian Chesky, chief executive officer of Airbnb Inc., during the Airbnb annual product event in San Francisco, US, on Wednesday, May 20, 2026. David Paul Morris | Bloomberg | Getty Images Airbnb reported second-quarter results that topped analysts’ estimates and issued a better-than-expected forecast for the current period, citing strong demand “across all regions.” The

“Toy Story 5,” “The Super Mario Galaxy Movie” and “Spider-Man Brand New Day.” Disney | Universal Pictures | Sony Billion-dollar films are back in Hollywood. The theatrical industry welcomed its fourth billion-dollar film of 2026 this week as Sony and Marvel’s “Spider-Man: Brand New Day” surpassed the coveted benchmark. It joins the three-comma ranks alongside

Traders work on the floor of the New York Stock Exchange. NYSE Tuesday’s rally was so intense that it’s shaking up some of the usual assumptions around volatility pricing. The Cboe Volatility Index (VIX) – sometimes referred to as the stock market’s “fear gauge” – rose a full point in the midst of Tuesday’s breakout

Federal Reserve Governor Lisa Cook speaks at the Stanford Institute of Economic Policy Research in Palo Alto, California, U.S., May 27, 2026. Ann Saphir | Reuters Federal Reserve Governor Lisa Cook said Wednesday that she’s ready to support an interest rate hike unless the inflation numbers improve. “Inflation is too high, and I consider the

People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, July 30, 2022. Octavio Jones | Reuters Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company’s experiences division on Wednesday. The experiences segment, which

Merchandise is displayed on a shelf at the Times Square Disney store on May 6, 2026 in New York City. Michael M. Santiago | Getty Images Disney reports quarterly earnings before the bell on Wednesday, and investors will be focused on the direction of the company’s streaming and theme parks business — as well as

Jeff Bezos, founder of Amazon.com Inc., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Jeff Bezos filed plans to sell about 15 million Amazon shares worth roughly $4.1 billion, after the dominant e-commerce platform’s stronger-than-expected earnings sent the stock to a

Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015. Andrew Toth | Filmmagic | Getty Images Michael Burry of “The Big Short” fame is sticking with his bearish wagers even as the S&P 500 surges to a record high, warning that the rally could still

Pinterest shares fell 7% in extended trading on Tuesday after the company reported better-than-expected earnings and revenue but issued lukewarm sales guidance. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Earnings per share: 43 cents adjusted vs. 36 cents expected Revenue: $1.18 billion vs. $1.15 billion expected Sales rose 18% from

LAFC Co-Managing Owner Larry Berg celebrates win over Sporting Kansas City in the finals of the 2024 Lamar Hunt U. S. Open Cup at BMO Stadium on September 25, 2024 in Los Angeles, California. Shaun Clark | ISI Photos | USSF | Getty Images Larry Berg has been named the next commissioner of Major League

India Prime Minister Narendra Modi, left, with OpenAI CEO Sam Altman, center, and Anthropic CEO Dario Amodei at the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images Tech companies’ venture capital portfolios are making corporate profits look a lot stronger than they really are. Microsoft, Amazon

Businessman working in the office Pixelfit | E+ | Getty Images The surge in IPOs and valuations for private tech companies is creating a secondary boom in donations of shares to donor-advised funds, or DAFs, according to a new study. Three quarters of the gifts to DAFgiving360 over the past 12 months were noncash assets,

Palantir topped second-quarter earnings estimates on Monday and said commercial revenue more than doubled from a year ago. The stock surged 12% after the numbers were released. Here’s how the company did versus LSEG estimates: Earnings per share: 41 cents adj. vs. 35 cents expected Revenue: $1.94 billion vs. $1.80 billion expected Revenue climbed 93%

Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super

The uncertainty in the Middle East and concerns about the durability of the artificial intelligence boom and high spending continue to weigh on investor sentiment. Investors can consider strengthening their portfolios by adding dividend stocks. Tracking top Wall Street analysts can help investors shortlist attractive dividend stocks, as these experts provide useful insights after thorough

Wherever volatile fuel prices head this year, don’t expect bargain flights. Airfare in the U.S. in June was up 26.5% compared with a year earlier, according to the latest federal data. Airline leaders say customers continue to book even after carriers hiked fares. They told Wall Street analysts this month that they’re expecting to hold

Eaton delivered an excellent quarter on Friday, reinforcing our view that the AI data center buildout remains alive and well. The power management company also raised its sales outlook to reflect a bigger-than-expected contribution from a recent acquisition. Revenue for the second quarter ended June 30 increased over 21% year-over-year to a record $8.53 billion,

Goldman Sachs ‘ dealmaking prowess may grab all the glory, but the biggest driver of growth last quarter came from the daily-grind of equities trading. Sure, Goldman and the other top Wall Street banks were able to cash in on all the market volatility lately. Many are even on track for their best year ever

The conglomerate that Warren Buffett built rallied to an eight-month high this week. There could be more gains ahead if they play catch up with the S&P 500. Originally Posted Here

Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company. The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less

Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while

Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024. Smith Collection/ gado | Archive Photos | Getty Images Clear Street, the prime brokerage startup that recently shelved plans for its own IPO, is now aiming to give investors access to some of Silicon Valley’s hottest private companies before they

George Santos, who was expelled from the U.S. House of Representatives, arrives for the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, on April 25, 2025. Shannon Stapleton | Reuters The Commodity Futures Trading Commission has ordered George Santos to pay $35,000 after the agency found the

Tom Holland stars as Peter Parker, aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.” Sony Spider-Man is already webbing up a massive box-office haul. Sony and Marvel’s “Spider-Man: Brand New Day” secured $72 million in preview ticket sales, the highest collection for any domestic film in Hollywood history. The previous record holder was

Wall Street is growing increasingly divided over AI’s winners and losers after the world’s largest technology companies reported earnings and affirmed or raised their capex forecasts, suggesting the spending spree isn’t letting up yet. Nearly $2 trillion has moved this week into or out of the six megacaps that have reported earnings this season so