Business – Page 29 – viralpique.com

State AGs sue Zillow, Redfin for alleged antitrust violation

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Rafael Henrique | Lightrocket | Getty ImagesAttorneys general from five states sued Zillow and Redfin on Wednesday, alleging the companies schemed to stop competition in the online housing rental market.The lawsuit follows a similar one filed by the Federal Trade Commission on Tuesday.Officials from New York, Arizona, Connecticut, Washington and Virginia jointly filed the lawsuit Wednesday, citing a February deal between the two companies in which Zillow "paid Redfin $100 million to shut down its apartment rental advertising business and transfer its clients to Zillow," New York Attorney General Letitia James' office said in a news release."This agreement is nothing…

Peloton revamps equipment, raises prices ahead of holidays

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Peloton on Wednesday said it's relaunching its product assortment, introducing a commercial equipment line and raising prices for both subscriptions and hardware as the company looks to reignite growth ahead of the holiday shopping season. The revamped assortment includes better audio, processors and WiFi across all of its machines. Its refreshed plus line will feature an AI-powered tracking camera, speakers, a 360-degree swivel screen and hands free control, among other new features. "The products are called the cross training series because we're trying to help our members … understand that the right regimen for everyone, right routine for everyone is a mix…

Trump late night TV threats spell trouble for advertisers

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A sign is displayed outside the El Capitan Entertainment Centre in Hollywood where the "Jimmy Kimmel Live!" show will be recorded on the first night the show will return to the ABC lineup on September 23, 2025 in Los Angeles, California. Mario Tama | Getty ImagesLate-night television has come under fire in recent months. That could leave advertisers and media companies, already clinging to what's left on live TV, with an even smaller pool of options.The recent upheaval in late-night programming — namely the cancellation of "The Late Show with Stephen Colbert" and the temporary suspension of "Jimmy Kimmel Live!"…

Government shutdown means opportune timing

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The timing of Neptune Insurance Holdings' IPO couldn't be more opportune.Neptune, the nation's largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol "NP." The company sold more than 18 millions shares in its initial public offering at $20 apiece, and shares opened Wednesday at $22.50. The company's first trade comes just as the U.S. government has shut down, meaning the National Flood Insurance Program (NFIP) isn't accepting applications or processing new claims."Neptune is open for business," said Neptune chairman and CEO Trevor Burgess. "We can help the 1,300 people every day who are…

Record EV sales lead GM, Ford to 8% increases in Q3 U.S. auto sales

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Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT – Strong electric vehicle sales are leading to robust third-quarter results for major automakers, as consumers flocked to car dealerships before the end of $7,500 in federal incentives for EVs.Ford Motor, General Motors and Hyundai all reported record quarterly sales of all-electric vehicles from July through September.Both GM and Ford said third-quarter sales overall increased roughly 8% from a year earlier, with EV sales more than doubling for GM. Ford said sales of its EVs increased by 30% compared…

Ultra-wealthy millennials and Gen Zers to displace boomers by 2040

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Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing.Oleg Breslavtsev | Moment | Getty ImagesA 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.The ranks of the world's ultra-wealthy continue to swell, with the number of individuals worth at least $30 million surging to 510,810 at the end of June, up 5.4% since the beginning of the year, according to a…

Property tech ‘winter’ is over, except in climate

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Fifth Wall co-founder and CEO Brendan Wallace.Courtesy of Fifth WallA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.As with much of the real estate industry, property technology, generally defined as the use of tech and software to make real estate and property management more efficient, took a big hit in recent years. Higher interest rates, a capital market…

Air traffic control shortages add to U.S. flight delays

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The Hollywood Burbank Airport air traffic control tower stands in Burbank, California, on Oct. 6, 2025.Mario Tama | Getty ImagesA shortage of air traffic controllers could delay more flights, the Federal Aviation Administration warned on Wednesday, as concerns grow about the effect of the government shutdown on U.S. aviation.About 10,000 flights were delayed on Monday and Tuesday, though disruptions dropped on Wednesday to just more than 1,900. A shortfall of already-thin air traffic control staffing this week had prompted the FAA to slow or halt arrivals in Burbank, California, and Nashville, Tennessee, among others.Transportation Secretary Sean Duffy warned Monday that…

The wealth of the top 1% reaches a record $52 trillion

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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.The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit the biggest investors, according to new data from the Federal Reserve.The total wealth of the top 10% — or those with a net worth of more than $2 million — reached a record $113 trillion in the second quarter, up from $108 trillion in the first…

OnePay is rolling out crypto to mobile banking app

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OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned.OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash, according to people with knowledge of the matter who declined to be identified before an official announcement.The move shows that OnePay, founded by Walmart and venture firm Ribbit Capital in 2021, sees crypto as a core offering as it builds out its "everything app" for digital finance.The fintech firm has methodically added new products in its quest to become an American super app…