Business

Verizon names former PayPal boss Dan Schulman as new CEO

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Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCVerizon announced on Monday that the board of directors has appointed former PayPal CEO Dan Schulman as the company's new CEO.Schulman replaces Hans Vestberg, who had led the company since 2018.Shares of the company sank roughly 4% in midday trading.Verizon said Vestberg will remain on the board of directors until the 2026 annual meeting and will serve as a special advisor through Oct. 4, 2026, to ensure a smooth transition and close the deal to acquire Frontier Communications.Verizon on Monday also announced…

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Paramount Skydance to acquire Bari Weiss-founded Free Press

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CBS News studio at Times Square in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty ImagesParamount Skydance said Monday it has agreed to acquire online publication The Free Press, naming its co-founder and CEO, Bari Weiss, as CBS News' editor-in-chief.The digital upstart publication, which was launched by Weiss in 2021, will be joined with CBS News. Paramount said Monday The Free Press has 1.5 million subscribers, more than 170,000 of which are paid subscriptions.Weiss founded The Free Press after resigning from The New York Times' opinion desk in 2020."Weiss will shape…

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Online holiday spending growth Adobe report

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Alistair Berg | Digitalvision | Getty ImagesOnline holiday spending in the U.S. is expected to jump 5.3% year over year to $253.4 billion as consumers seek discounts and even enlist the help of artificial intelligence-powered chatbots, according to an Adobe Analytics report released Monday.Yet that growth would still be slower than the year-ago holiday season, when online sales rose 8.7% from Nov. 1 to Dec. 31, the company said. Adobe's data tracks more than 1 trillion visits to U.S. retail websites, 100 million unique items and 18 different product categories.That growth is also below the 10-year average of roughly 13%…

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Nike CEO interview Elliott Hill talks turnaround, NKE stock

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Nike's turnaround plan is showing early signs of progress, but it will "take a while" for the company to return to profitable growth, CEO Elliott Hill said in an interview with CNBC's Sara Eisen aired Monday."When we come to work we think about three brands, and then multiple sports under each brand and then 190 countries that roll up to our four geographies," Hill said in a sit-down interview from the company's headquarters in Beaverton, Oregon. "Each brand times sport, and each [geography] times country, they're at different stages of the evolution." When asked when investors can expect Nike to get…

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Comex Gold, Silver Settle Lower

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Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.

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Stocks Sink in Broad AI Rout Sparked by China's DeepSeek

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U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

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There’s a new obstacle to landing a job after college

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Here are lives at the intersection of fun and scary. One of my companions summed the whole experience up perfectly. He leaned back in his chair at dinner that night, shrimp taco in hand, “These are the kinds of experiences that give something back to you. They show you who you are in a whole new way.” These eight shots crystallize the hard work moms put into keeping their kids alive, happy, and healthy. They might give you the inspiration you need for filling out that card—or stand-alone for your mom’s interpretation. Bob Dyalon At the bottom of the mountain, my legs…

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Power cuts are plaguing Africa with renewable energy

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Simply sit, stand or lie in a comfortable position and close your eyes. Take in a deep breath, inhaling slowly and all the way into your belly. Hold your breath for a moment, then exhale slowly. Repeat for however long you like. Short or long, meditation has the power to change your mood, your day, and even your life. If you’ve never tried a short meditation, why not do it today? You might be amazed at what happens. Several people on Twitter and other theatre kid-dominated social media platforms have responded to these offensive, misguided reviews of The Lightning Thief by demanding…

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