Business

Nvidia adds Hyundai, BYD and other automakers to its AV business

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💥 Explore this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Nvidia CEO Jensen Hwang delivers the keynote speech at the company's annual GTC developer conference at the SAP Center in San Jose, California, on March 16, 2026. Josh Edelson | AFP | Getty ImagesNvidia It expands its autonomous vehicle development business deals to include Hyundai Motor, Nissan Motor And Isuzu, as well as Chinese automakers BYD and Geely, the software and chip giant, on Monday.The new links are for Nvidia's "Drive Hyperion" platform for autonomous vehicles. The system helps companies develop and deploy driver assistance…

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Apollo CEO John Zito is skeptical about valuations for private equity programs

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🚀 Discover this insightful post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Apollo Global Management signs in New York on December 5, 2023.Jenna Moon | Bloomberg | Getty ImagesApollo John Zito had a frank assessment of how private equity firms are valuing their software holdings at a time when shares of similar public technology companies have fallen: He said they're not.Zito, co-head of the firm's giant asset management division and head of its credit division, spoke to clients of investment bank UBS last month in remarks first reported by The Wall Street Journal. CNBC confirmed Zito's statements.…

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Peloton launches Bike and Tread service for gyms

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💥 Discover this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Peloton Interactive Inc logo. On a stationary bike at the company's showroom in Dedham, Massachusetts, US, on Wednesday, February 3, 2021.Adam Glanzman | Bloomberg | Getty ImagesPeloton On Monday, it announced its Commercial Series, the company's first bike and tread products designed for high-traffic gym floors. The move represents the company's latest move beyond its core home business and delve into the multi-billion-dollar commercial fitness market.“I've had the opportunity to speak with the CEOs of a number of gyms or gym operators or big box…

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Paramount-WBD movie slate could dominate 2027. Can it hold up?

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🔥 Read this insightful post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025.Patrick T. Fallon | AFP | Getty ImagesHollywood may soon have a new king of the box office. with Paramount Skydance Set to take over Warner Bros. Discoverycombined movie studios could dominate the theatrical slate. Paramount CEO David Ellison has repeatedly promised not to back away from production from either studio, with a goal of producing 30 films a year — 15 from Paramount and 15 from Warner…

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Mortgage rates rise to their highest levels since September

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🔥 Discover this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: In an aerial view, two-story single-family homes line neighborhood streets on January 13, 2026 in Thousand Oaks, California.Kevin Carter | Getty ImagesMortgage rates rose to their highest level since September on Friday as bond yields rose due to the war in Iran. The average interest rate on a 30-year fixed loan is 6.41%, according to Mortgage News Daily. This is the highest rate since the first week of September, but still lower than the 6.78% achieved at the same time last year.Mortgage rates generally track…

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The NFL is discussing a deal with Paramount that could be worth up to an additional $1 billion

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🚀 Explore this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Roger Goodell, NFL Commissioner with Anthony Capuano, CEO of Marriott International and a member of the CNBC Board of CEOs, speak at the CNBC CEO Board in Arizona on May 19, 2025.Chris Coduto | CNBCNFL and Paramount SkydanceRenewal talks on a deal to keep Sunday league games on CBS are starting to take shape, CNBC has learned.NFL and CBS executives are negotiating a price increase, with a midpoint of the bid-ask spread of about 50% or 60%, according to two people familiar with the negotiations,…

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JPMorgan’s push to replace Silicon Valley bank for startups

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✨ Read this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: People line up outside the shuttered headquarters of Silicon Valley Bank (SVB) on March 10, 2023 in Santa Clara, California.Justin Sullivan | Getty Imagesthree years ago, JPMorgan Chase CEO Doug Pitno was at a party in New York City celebrating his colleague's retirement when his boss Jamie Dimon called Pitno.It was March 9, 2023, and clients of a West Coast lender known for catering to startups were withdrawing deposits in droves."Jimmy looks at me and says, 'Get this call,'" Pitno told CNBC this week in…

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The Starbucks United Workers Union sends a contract proposal to the company

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💥 Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Starbucks union members and their supporters, including baristas who have just quit, effectively shut down a local branch, and picket in front of the store, February 28, 2025 in New York City. Andrew Lichtenstein | Corbis News | Getty ImagesStarbucks United Workers presented the company with a comprehensive contract proposal last month, the union said in a call with investors on Friday, as baristas try to strike their first employment agreement with the coffee giant.Here's what baristas asked for in this suggestion:Protecting unionized baristas…

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Retail prices may rise after the closure of the Strait of Hormuz

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✨ Check out this trending post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: The Iran war may soon mean higher prices on store shelves for consumers.Iran's virtual closure of the Strait of Hormuz has dramatically disrupted the global supply chain, affecting goods from fertilizers to minerals to gas and fuel. This corridor is considered a critical point, as it transports tens of millions of barrels of oil daily, along with other exports, as it is one of the most important shipping routes in the world.And tensions with the Strait are Shows no signs of change. Iran's new…

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Here’s who’s not on the list of America’s top philanthropists

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Dia Depasopil | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.America's 50 largest philanthropists donated a whopping $22.4 billion to charity in 2025, according to the Chronicle of Philanthropy's latest annual ranking. Media giant Michael Bloomberg led the Philanthropy 50 for the third year in a row, donating $4.3 billion to support the arts, public…

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