Business

Stock Market Gains Create New Millionaires in 2025: UBS

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💥 Read this must-read post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: New York Stock Exchange on April 14, 2025.View Press | Corbis News | 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.Nearly 1 million people will become millionaires in 2025, thanks in large part to the stock market boom, according to a new report from UBS. The Swiss bank estimated that the United States is responsible for nearly half of…

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The Premier Lacrosse League plans to sell teams by 2028 or soon after

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🚀 Read this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Paul Rabil, in the CNBC Boardroom Game Plan: Property Game Board, July 25, 2023.Jesse Grant | CNBCThe Premier Lacrosse League wants to start selling its teams to individual owners or groups by 2028 “or shortly thereafter,” league co-founder Paul Rabil told CNBC. Rabil said that in the next decade he wants the league to expand from eight teams to up to 16 teams, with each team being independently owned, similar to other professional leagues in the United States. The PLL is in its eighth season,…

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Jersey Mike’s files for an IPO

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💥 Discover this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: In this illustration, a Jersey Mike's mug is displayed outside a Jersey Mike's restaurant on April 21, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesSandwich chain Jersey Mike's filed for an IPO on Thursday, reporting that its same-store sales cumulatively rose 50% from 2020 through 2025.Jersey Mike's plans to trade on the New York Stock Exchange under the symbol "JMKE."The company reported net income of $55 million on total revenue of $724 million last year, up from net income of $5 million on…

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The cost of used electric cars is increasing amid the Iran war and rising gas prices

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💥 Check out this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Tesla EVs are recharged at a Tesla Supercharger station on July 2, 2026 in South Pasadena, California. Mario Tama | Getty ImagesDETROIT – The Iran war and rising gas prices in the United States have increased demand for used electric vehicles, making used cars more expensive, according to Cox Automotive.The Mannheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at wholesale auctions in the U.S. — rose 12% last month compared to June 2025, the company reported Wednesday.…

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Trump Freedom 250 sponsors include companies with federal business

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💥 Check out this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: WASHINGTON — On the National Mall this week, Freedom 250 signs directed visitors toward temporary state pavilions, a Ferris wheel, and mobile and traveling history exhibits. Sponsors' names appeared next to Trump-aligned programs. Some countries were represented by official delegations. Others have chosen not to participate, leaving replacement displays or stripped booths in place.As the country prepares to celebrate its semicentennial, or its 250th birthday, the most spectacular celebrations in Washington are being shaped by corporate money.A CNBC analysis found that 14 companies support…

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Delta launches ‘essential business’ without lounge access and seat selection

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🚀 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A Delta plane heads into Terminal A shortly before a deep orange winter sunset at Boston Logan International Airport in Boston, Massachusetts, on December 22, 2025. Austin Desisto | norphoto | Getty ImagesDelta Airlines It divides the front of the plane into smaller groups, creating a new "basic" fare for business and first class that comes without perks such as free seat selection and airport lounge access.The carrier follows United Airlineswhich made a similar change earlier this year to Polaris' long-haul business class and other…

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Luxury real estate sales in Manhattan are flat

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✨ Check out this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Central Park Tower, left, and One57 Tower, center, along Billionaire Boulevard in New York, May 1, 2026.Michael Nagel | Bloomberg | 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.A month after a tax on second homes was passed in New York City, luxury real estate sales remain strong and inventory is declining, according to brokers and analysts.When New…

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Ford achieves a milestone in quality, and aims to launch new cars free of defects

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💥 Explore this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Ford Motor CEO Jim Farley speaks during the 2025 Ford Expedition launch event in Louisville, Kentucky, on April 30, 2025.Michael Weiland | CNBCDETROIT — ford motor It regularly promotes itself as a cornerstone of American truck manufacturing, business, and driving with its best-selling F-Series pickup trucks, but it also led the U.S. in one area it's not proud of: vehicle recalls and quality issues.It has plagued the Detroit automaker's profits, eroded customer confidence and tarnished Ford's reputation for much of the past decade. The automaker…

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The credit card lounge battle at American Express and Chase is moving beyond the airport

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🚀 Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Airport lounge - without security check or boarding pass. Credit card companies American Express and Chasing They are increasingly waging luxury lounge wars outside the airport. From an air-conditioned retreat in the middle of the desert at Coachella to an exclusive sporting meet at the Paris Olympics, these companies are investing heavily in premium hospitality spaces to attract wealthy cardholders. “It's very expensive, but I think what happens is issuers find this to be a premium differentiation,” said Donald Vanditti, managing director of consumer…

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Versant buys golf simulation company Full Swing for $530 million

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Versant Media GroupAmazon, owner of cable networks including CNBC, MS NOW and Golf Channel, has agreed to acquire golf simulation company Full Swing from private equity firm Bruin Capital for about $530 million in cash.The deal follows a model that CEO Mark Lazarus has set for investors since Versant began trading as a public company in January following its spinoff from Versant. Comcast. Versant invests in non-traditional media companies that expand the brands it already owns. Earlier this year, the company acquired StockStory, an AI-powered…

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