Business

Prosecutors say Tricolor’s CEO bonus was paid weeks before the bankruptcy

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🔥 Explore this trending post from Business News 📖 📂 Category: 📌 Key idea: Mexican and American flags are mounted on vehicles at a Tricolor dealership in Houston, Texas, September 11, 2025.Mark Felix | Bloomberg | Getty ImagesUS prosecutors have alleged that the CEO of high-risk car company Tricolor directed his deputy to send him $6.25 million in bonuses in August, while exposing fraudulent schemes supporting the company.Tricolor CEO and founder Daniel Chu asked CFO Jerome Kollar to send the final two payments of his $15 million annual bonus on Aug. 19 and 20, according to the federal indictment unsealed…

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WBD’s board of directors asks shareholders to reject Paramount Skydance takeover bid

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✨ Check out this trending post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: The Paramount logo is displayed on the water tower at Paramount Studios on December 8, 2025 in Los Angeles, California.Mario Tama | Getty Imagesthe Warner Bros. Discovery The board said on Wednesday that it had unanimously recommended that WBD shareholders reject the takeover offer from... Paramount Skydance And stick to the "superior" proposal of Netflix. Last week, Paramount launched a hostile bid for WBD, taking an all-cash offer of $30 a share directly to shareholders. Paramount Skydance CEO David Ellison said the deal,…

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Billionaire real estate developer waves red flag over data centers

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🔥 Read this awesome post from Business News 📖 📂 Category: 📌 Main takeaway: A version of this article first appeared in the CNBC Property Play newsletter with Diana Olek. 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. subscription To receive future issues, directly to your inbox.Fernando de Leon, founder of Leon Capital Group, started a small development company in 2004 with $100,000 and turned it into a $10 billion company, primarily focused on commercial real estate. He says he…

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Birkin bag prices drop at auction despite notable sales

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🚀 Discover this awesome post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: A close-up view of a gray Hermès Birkin bag in grained leather, during a photo shoot in Paris, October 28, 2025.Edouard Berthelot | Getty Images Entertainment | Getty ImagesDespite recent blockbuster auctions for Birkin bags, overall auction prices for iconic Hermès handbags are declining, according to a study.Earlier this month, a Birkin bag previously owned by Jane Birkin sold at Sotheby's for $2.9 million, well above its high-end estimate of $440,000. The actress, who owned the bag between 2003 and 2007, signed the black…

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What it means for seniors, research, and stocks

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🚀 Check out this awesome post from Business News 📖 📂 Category: ✅ Key idea: Tariq Adeh, of Tampa, Florida, looks at hemp flower from wholesaler Dep Kings at the Champs trade show at Palmer Events Center, on September 11, 2025.Jay Janar | Hearst Newspapers | Getty ImagesPresident Donald Trump is expected to sign an executive order this week that will broadly expand access to cannabis. Industry advocates, executives and researchers who spoke to CNBC said the changes would have major impacts on consumers and the health care industry. Trump said Monday that he is "strongly" considering issuing an executive…

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Pfizer’s 2026 guidance shows that the Metsera and Seagen deals will take time to come to fruition

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✨ Explore this awesome post from Business News 📖 📂 Category: 📌 Here’s what you’ll learn: Smith Group | Photo archive | Getty ImagesPfizer On Tuesday, it forecast modest guidance for 2026 as it looks to longer-term investments in its pipeline to counter declining sales of Covid products and declines in older drugs.These obstacles are not surprising or new for Pfizer, which has seen a significant decline in sales of its Covid vaccine and antivirals after achieving record revenues during the pandemic. The drugmaker has pursued deals of all sizes in recent years to build new revenue streams, such as…

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Strong holiday sales defy weak consumer sentiment

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✨ Discover this must-read post from Business News 📖 📂 Category: 💡 Key idea: Shoppers carry Macy's bags outside of Macy's flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Getty ImagesAndre Lewis said he's "anxious 364 days of the year." Yet the rideshare and delivery driver wants to make it a special holiday season for his 7-year-old daughter."I told myself I'd keep it modest," said the 31-year-old, who lives in New York City. But he said his daughter wants a pink keyboard that lights up, and he'll buy it…

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Kraft Heinz appoints Steve Cahillan as CEO before spin-off

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✨ Check out this trending post from Business News 📖 📂 Category: 📌 Main takeaway: Kraft Heinz has announced plans to split into two separately traded companies, reversing its blockbuster merger in 2015, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty ImagesKraft Heinz Former Kellanova CEO Steve Cahillane will lead the company ahead of a planned split next year, Kellanova announced Tuesday.Cahillane will join company owner Oscar Mayer as CEO on January 1. After Kraft Heinz splits into two publicly traded companies, Cahillan will serve as CEO of the company called Global…

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Insurance companies help policyholders mitigate risks as catastrophe losses rise

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🔥 Discover this insightful post from Business News 📖 📂 Category: 📌 Here’s what you’ll learn: Climate disasters such as wildfires and severe storms are becoming more frequent and damaging in the United States, accounting for 83% of the estimated global insurance losses of $107 billion in 2025, according to a new report from the Swiss Re Institute.This is the sixth year in a row that global insurance losses exceeded $100 billion. The Los Angeles wildfires last January caused just $40 billion in insured losses, making them the costliest wildfires on record globally, according to Swiss Re. The insurance research…

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Altman-backed lending startup JPMorgan is teaming up with Amazon

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✨ Check out this insightful post from Business News 📖 📂 Category: ✅ Here’s what you’ll learn: Slope, a lending startup that uses artificial intelligence to screen companies, is partnering with... Amazon Starting Tuesday to provide a reusable line of credit to Amazon sellers, powered by JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means that eligible US Amazon sellers can apply for and access capital directly through their Amazon seller accounts with real-time approvals. Slope was co-founded by CEO Lawrence Lin Murata, who said he saw the ups and downs of running a small business…

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