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The Latest Breaking News from CNBC

Epstein estate settles for $105 million

In addition, the Virgin Islands will claim half of the funds from the sale of Epstein's island, Little St. James

Salon

The man who correctly predicted Bitcoin's drop to $20,000 just said it could fall another 40% next year

Billionaire investor Mark Mobius, a long-time crypto skeptic, has a prediction Bitcoin enthusiasts might not like.

Fortune

South Dakota governor bans TikTok from state agencies over ‘intelligence gathering’ concerns

TikTok is owned by ByteDance, a Beijing-based privated tech giant

The Independent UK

From analysis to the latest developments in health,
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Energy CEO says markets should brace for 'one or two years of extreme volatility'

The head of one of Europe’s largest energy companies says turmoil is far from over, and European nations should start thinking ahead.

Fortune

Top economist Mohamed El-Erian says inflation could get 'stuck' at an uncomfortably high number because of supply chain issues and a 'change in globalization'

Mohamed El-Erian says that inflation may get stuck at 4% as the global economy goes through a “profound” shift—and warns investors not to fall in love with the “short and shallow” recession theory.

Fortune

Disney shares jump after Bob Iger returns as CEO

Wall Street says you can go home again, as shares of Walt Disney Co. spiked Monday on the news that Bob Iger is returning as chief executive of the media and entertainment company.

Los Angeles Times

What will happen to nearly a third of SkyBridge Capital? Here's how 'The Mooch' could get back his company

Less than two weeks ago SBF and Scaramucci embarked on a fundraising trip together in the Middle East. Now, nearly a third of Scaramucci's firm is tied up in bankruptcy proceedings.

Fortune

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The bear market will end early next year and create a 'terrific buying opportunity,’ Morgan Stanley’s Mike Wilson says

Wall Street's top strategist Mike Wilson says there's a buying opportunity on the way, but the path to get there is going to be "really tricky."

Fortune

Congress will be taking a closer look at Sam Bankman-Fried’s political spending spree

The former FTX CEO became the Democratic party’s top donor apart from George Soros during the last election cycle.

Fortune

Returning Disney CEO Bob Iger announces plans for sweeping overhaul

LOS ANGELES — Walt Disney Co.'s returning chief executive, Bob Iger, wasted no time putting his stamp on the company, announcing plans for a major overhaul of the Burbank entertainment giant.

Los Angeles Times

Why did Disney replace CEO Bob Chapek?

Chapek's tenure as CEO came with public missteps, poor earnings, and a fight over Florida's "Don't Say Gay" law.

Fortune

Bots helped drive Taylor Swift ticket fiasco, Ticketmaster’s largest shareholder says

Fourteen million people were competing for presale tickets to the singer’s Eras tour, he said.

Fortune

'We didn't even notice': Binance CEO CZ on alleged FTX battle

Changpeng Zhao also said in a Thursday interview he hopes the blame for FTX’s failure falls squarely on SBF.

Fortune

Television Q&A: Why is Shepard Smith's show no longer on CNBC?

You have questions. I have some answers.

Tribune News Service

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Fortune

Brian Chesky is renting out his house on Airbnb

The billionaire founder of Airbnb is out to prove that listing a house on Airbnb isn't risky or hard by listing one room of his San Fransisco house.

Benzinga

AMC Entertainment CEO Thanks Apes For Saving Theater Chain As Shares Soar: 'If They Hadn't Been There, We Wouldn't Be Here'

According to the man at the helm, AMC Entertainment Holdings Inc (NYSE: AMC) is alive and well today thanks to a passionate group of retail investors.

InsideEVs

Energy Sector Needs Tesla And Amazon-Like Mentality To Succeed

Tesla has helped renewable energy become a worthwhile goal in the auto sector, but more is needed to be done for the energy industry as a whole to follow suit.

Bangkok Post

Cryptocurrency platform FTX files for bankruptcy

NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

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news in one place.

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Benzinga

A Bull And Bear Discuss The Status Of The U.S. Consumer After A Worse-Than-Expected Consumer Sentiment Report

According to Bank of America, consumer discretionary spending was up 2.9% in October year-over-year, but down from its September reading of 3.2%.

Fortune

These leadership traits help women executives succeed despite the odds

"When Women Lead" author Julia Boorstin reflects on what makes women successful.

Motor1

Stellantis Paying Some Employees To Voluntarily Quit Amid Shift To EVs

Trimming down its workforce in preparation to become a sustainable tech mobility company.

Benzinga

This Billionaire Tesla Investor Says Fed's Dollar Devaluation Is 'The Right Thing'

Baron Capital Investments has more than $39 billion in assets under management and its top investment in its focused growth fund is Tesla Inc (NASDAQ: TSLA), accounting for

StockNews.com

Investors: Wake Up and Smell the Pain (Part 2)

How funny it was to see traders get it wrong once again. They misread the Fed announcement at 2pm ET leading to a big 1% rally for the S&P 500 (SPY). Within minutes of Chairman Powell speaking it dawned on every body that things have not gotten better...only worse. And…

The Independent UK

CNBC cancels Shepard Smith’s nightly newscast after two years

CNBC says it is pulling the plug on Shepard Smith's weeknight general interest news program, saying it wants to focus on the network's core strength of business news

Los Angeles Times

CNBC pulls the plug on 'The News With Shepard Smith'

NEW YORK — CNBC is ending its nightly newscast with Shepard Smith, the former Fox News anchor who moved to the business channel in 2020.

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