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TKO Group , the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group . The businesses are Professional Bull Riders, On Location, and IMG, the companies announced Thursday. The deal is all stock, and Endeavor's ownership in TKO will increase from 53% to 59%. While the company does acquire a new league in PBR, the world's largest bull riding league, it also is expanding into luxury hospitality with On Location and media rights consultancy through IMG. "At TKO, we're primarily interested in league ownership if that exists and businesses that can power our current sports ecosystem.
Persons: Ari Emanuel, Dwayne, Johnson, Mark Shapiro, we're, Silver Lake, Shapiro, Sean Gleason, TKO Organizations: CNBC, New York Stock Exchange, WWE, UFC, Endeavor Group, Professional Bull Riders, IMG, Endeavor, Silver Lake, Silver, PBR, Ryder, FIFA, NFL, English Premier League, National Hockey League, Major League Soccer Locations: New York City, U.S
Emma Tucker became The Wall Street Journal's first-ever female editor-in-chief in 2023. So we're doing things to make our audiences engaged, rather than thinking about "this is how we do things." What's not useful to Wall Street Journal readers? I mean, the amount of time that people spend reading The Wall Street Journal has gone up. And the one thing I can say with absolute certainty is there is a place for Evan at The Wall Street Journal.
Persons: Emma Tucker, Joe Biden's, Evan Gershkovich, , Murdoch, Joe Biden, Weeks, Biden, Tucker, Joe, It's, Mike Johnson, Kevin McCarthy, I've, there's, You've, We've, We're, we've, you've, Evan Organizations: Service, Sunday Times, Washington, Wall Street, Street Locations: Joe Biden's, England, Russia
CNBC's Inside India newsletter: A poorly timed IPO?
  + stars: | 2024-10-24 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +6 min
Shares of carmaker Hyundai 's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut. Despite such success, it appears as if the stock market has given Hyundai the cold shoulder this week. First, the money raised by the stock market listing is being fed back to Hyundai's Korean parent. With the listing, the Indian subsidiary now commands nearly half the market capitalization of its Korean parent. However, the Indian subsidiary must now pay a flat 3.5% of total revenue going forward.
Persons: Ashish Vaishnav, Hyundai, it's, Gaurav Narain, Maruti Suzuki, China's, Narain, Kapil Singh, Singh, Ashish Jain, Pratik Organizations: Hyundai, Getty, Investors, Growth Fund, London Stock Exchange, ICG, Federated Hermes Global Emerging Markets Equity Fund, Maruti, Equity, Macquarie Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, India, Korea, Hyundai India
Some longtime Intel employees are eligible for up to 19 months of severance. After years of layoffs, buyouts, and even one temporary pay cut, many employees have thought about what they might do after Intel. BI spoke to three former Intel employees who are using the company's hard times as an opportunity to upend their lives. Over his 24 years at Intel, Guha used his spare time to develop a wealth management strategy based on the philosophies of Warren Buffet. Lessons learned at IntelThough several departing Intel employees expressed some frustration with the current state of the company, they still believe it can be successful.
Persons: , Shi Choong, she's, Choong, It's, Javier Apostol, Apostol, he's, Sumit Guha, Guha, Warren Buffet, He's, sabbaticals Organizations: Intel, Service, Business, IRS, AARP, Engineers Locations: Portland, Oregon, San Francisco Bay, Puerto Vallarta, Mexico, Arizona, Yuma County , California, formalwear
The creator economy is dominated by Big Tech, but a new set of startups is finding ways to break in. From influencer marketing to AI tech, here are 13 startups to watch in 2024, according to investors. AdvertisementGoldman Sachs estimated the creator economy could hit $480 billion annually by 2027, driven largely by influencer marketing and advertising revenue. Creator startups that build with artificial-intelligence tech, such as Delphi and Merse, have also become a focus among investors. Here are those 13 creator startups to watch in 2024, listed in alphabetical order:
Persons: , Alejandro Oropeza, Goldman Sachs Organizations: Big Tech, Business, Service, Google, Venture, Delphi
CNN —Miami Dolphins quarterback Tua Tagovailoa returned to practice Wednesday for the first time since suffering another concussion in the game against the Buffalo Bills last month. Dolphins’ star wide receiver, Tyreek Hill, was very excited, saying having Tagovailoa back almost made him cry. “Just having him in the lineup, having him call the plays, having him direct the offense, just hearing his voice. Dolphins head coach Mike McDaniel was asked before practice Wednesday why Tagovailoa was placed on the reserve/Injured list if the quarterback said he was symptom-free. “During this stretch where he hasn’t been on the field, he’s in a more powerful place with the team,” McDaniel said.
Persons: Tua Tagovailoa, Tagovailoa, Tyreek, Hill, ” Hill, , , ” Tagovailoa, it’s, Raheem Mostert, I’ve, ” Mostert, Damar Hamlin, Mike McDaniel, ” McDaniel, , McDaniel, hasn’t Organizations: CNN — Miami Dolphins, Buffalo Bills, Dolphins, NFL, Arizona Cardinals, Hard, CNN, NFL Players Association
McDonald's Quarter Pounders have been linked to an E. coli outbreak in several states, the CDC said. AdvertisementA deadly E. Coli outbreak has been linked to the McDonald's Quarter Pounder. Chipotle's recovery may also have hinged on expanding the business in areas unrelated to food safety. In addition to removing any affected items from the menu, McDonald's should also communicate clearly with its customers throughout the process, Leung said. Advertisement"Clear messaging about the steps being taken to ensure food safety is vital.
Persons: McDonald's, , Jon Tower, Wendy's, James Marsden, Chipotle, Steve Ells, Brian Niccol, Niccol, Sara Senatore, Bernstein, romaine, Alexandra Leung, Leung Organizations: CDC, Service, Centers for Disease Control, Prevention, Citigroup, Kansas State University, Starbucks, Taco Bell, New York Times, Times Locations: Singapore, Hong Kong
And if the worst were to happen and Bridger defaulted on the debt, Gallatin County wouldn’t be on the hook. The second item that wasn’t publicly discussed involved collateral damage to Gallatin County if Bridger’s bonds, known as conduits, went bad. Neither did former commissioner Skinner, whom NBC News called to talk about his vote on the Bridger bond. “Gallatin County should expect that Bridger will not cover any of the costs to unwind this transaction,” he said. At the 2020 meeting about the bond issue, Sean Bowen, a deputy county attorney, was asked whether the county was comfortable approving it.
Persons: Tim Sheehy, Bridger, Gallatin, , Joe Skinner, Sheehy vies, Sheehy, Donald Trump, Democratic Sen, Jon Tester, Blackstone, Louise Johns, Justin Marlowe, ” Marlowe, ” Sheehy, didn’t, Sam Davis, Bridger’s, Nathan Bilyeu, wasn’t, Marlowe, , ’ ”, , Zach Brown, ” Brown, Bilyeu, Skinner, Brown, it’s, Sean Bowen, Bowen, hadn’t Organizations: Bridger Aerospace Group, Navy SEAL, U.S . Senate, Democratic, New, Blackstone Group, Republican, Bridger Aerospace, Bloomberg, Getty, University of Chicago Harris School of Public Policy, Municipal Finance, National Interagency Fire Center, Pilatus, Bridger, wasn’t, University of Chicago, Poor’s, NBC Locations: Montana, it’s, Gallatin County, Bozeman, U.S, Washington, Gallatin, New York City, Bridger, Mont, Helena, Chicago, Bolingbrook,
Inside one of Equinix's internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed. Under this set of rules, the Treasury Department will require notification of outbound investments into China in sensitive technologies including artificial intelligence, semiconductors, microelectronics and quantum computing that can be employed for developing military capabilities. The final rules will likely be released within the "next week or so," according to Reuters. In June last year, U.S. Treasury Department released proposals that include potential outright bans on certain investments into China in these cutting-edge technologies.
Persons: Joe Biden, Laura Black, Organizations: Equinix Data, Treasury Department, Reuters, U.S . Treasury Department, Former Treasury, — Reuters, Treasury Locations: Ashburn , Virginia, China, U.S
Remote work continues to be popular among workers. Nearly a quarter, 22% say remote work flexibility is the most important benefit, according to Monster's 2024 Work Watch Report. "A lot of remote jobs are tech jobs" for example, says John Mullinix, head of growth marketing at Ladders. But remote jobs can be found in a wide range of fields — including opportunities "that are upwards of $130,000," says Toni Frana, career expert at FlexJobs. Mullinix and Frana regularly scour their sites to see what employers are looking for and how much they'll pay.
Persons: John Mullinix, Toni Frana Organizations: Bureau of Labor Statistics, BLS
Disney said Monday it would name a new CEO in early 2026 and named James Gorman as board chairman. Bob Iger's previous succession plan failed, leading to his return as CEO in 2022. BI spoke to three people close to Disney who said their top questions on the succession announcement include: How will the timeframe impact the search? AdvertisementDisney's last Iger succession plan failedGorman, who effectively managed his own succession at Morgan Stanley, was named in August to chair Disney's succession planning committee. In late 2022, Disney dismissed Chapek and brought Iger back as CEO with a two-year contract, then extended through 2026.
Persons: Disney, James Gorman, Bob Iger's, , Morgan Stanley, James Gorman —, shrugged, Gorman, Disney flubbed, Iger, Bob Chapek, Chapek, Will Iger, Gorman didn't, Dana Walden, Alan Bergman, Walden, he's, Josh D'Amaro, Ron DeSantis, Jimmy Pitaro, Pitaro Organizations: Disney, Service, Disney Entertainment, Fox, Florida Gov, ESPN, NFL Locations: Hollywood
Below, I walk through my experience with Atlas Coffee Club and how it helped expand my coffee palate. If your coffee routine has been stuck in a rut, Atlas Coffee Club promises to shake things up with coffee beans from around the world. I brewed Atlas coffee beans from different regions, including India, Guatemala and more. If you’re a coffee novice like me, still trying to refine your palate or learning something new about coffee, try Atlas Coffee Club. I used my years of commerce expertise and my knowledge of coffee and beverages to for this review of Atlas Coffee Club.
Persons: Dunkin, I’ve, Jordan Bowman, you’re, Chemex, TikTok Organizations: Atlas Coffee, Atlas Coffee Club, NBC, Coffee Club, French Press, Chambord French Press, Coffee, Facebook, Twitter Locations: Guatemala, India, El Salvador, Nicaragua, Guatemalan, El, Chambord
Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker. Yuki Iwamura / Bloomberg via Getty Images fileParker will step down after nine years on the Disney board “to focus on other areas” of his work, according to a Disney statement. The board fired Iger’s handpicked successor, Bob Chapek, in November 2022 after a turbulent tenure that lasted less than three years. He and the board haven’t decided if Iger will extend his board tenure past 2026, said the people familiar.
Persons: James Gorman, Mark Parker, Bob Iger, Gorman, Parker, , James Gorman’s, , ” Iger, “ I’m, ” James Gorman, Yuki Iwamura, Elliott Hill, John Donahoe, Disney, Morgan Stanley, Ted Pick, Iger’s, Bob Chapek, Iger, Jimmy Pitaro, Josh D’Amaro, Dana Walden, Alan Bergman —, Nelson Peltz Organizations: Disney, Nike, Bloomberg, Getty, CNBC, ESPN, Disney Entertainment, Iger
Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney's board less than a year ago and was named the head of the succession planning committee in August. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker. "I'm extremely grateful to Mark Parker for his many years of board service and leadership, which have been so valuable to this company and its shareholders, and to me as CEO." Parker will step down after nine years on the Disney board "to focus on other areas" of his work, according to a Disney statement.
Persons: James Gorman, Mark Parker, Bob Iger, Gorman, Parker, James Gorman's, , Iger, Elliott Hill, John Donahoe Organizations: Disney, Nike
"It's very time-consuming, very frustrating for these clinicians," Dr. Taha Kass-Hout , GE HealthCare's global chief science and technology officer, told CNBC in an interview. GE HealthCare on Monday announced a new artificial intelligence application it said will save time for doctors who diagnose and treat cancer. Since the tool is cloud-based, it will drive recurring revenue for GE HealthCare, Kass-Hout said. GE HealthCare is also hoping to integrate its CareIntellect products with some of the other early stage AI initiatives it teased on Monday. For instance, GE HealthCare is exploring how a group of AI agents can work together as a team to support doctors through its tool called Health Companion.
Persons: Kass, Hout, Dr, Taha Kass, oncologists, Chelsea Vane, Vane, it's Organizations: GE Healthcare, Fair for Trade, Services, China National Convention Center, Oncology, GE, CNBC, Health, Deloitte, GE HealthCare, Tampa General Hospital, Kass Locations: China, Beijing, Tampa
New York CNN —McDonald’s has been thrust into in the 2024 election, gaining particular attention over the weekend when former President Donald Trump served fries at a Feasterville-Trevose, Pennsylvania, location. Although franchise owners have to abide by certain guidelines in their agreements with the parent company, they are free to invite political candidates to serve fries without McDonald’s buy-in. We are not red or blue – we are golden.”The letter was signed by McDonald’s President Joe Erlinger. Still, some McDonald’s customers and employees spoke out against the company after Trump’s visit, criticizing McDonald’s for allowing the Republican presidential candidate to campaign at a restaurant. “He was proud to highlight how he and his team serve their local community and make delicious food, like our World-Famous French Fries,” the company said.
Persons: New York CNN — McDonald’s, Donald Trump, McDonald’s, Trump, we’ve, , Joe Erlinger, Harris, Derek Giacomantonio, Giacomantonio, Fries, Organizations: New, New York CNN, CNN, McDonald’s, Howard University, Republican, Starbucks Locations: New York, Trevose , Pennsylvania, Washington, Israel
Last week, the University of Chicago Booth School of Business launched the Booth Family Office Initiative, a combination of research programs, courses and summits aimed at current and future family office executives. Business schools at Harvard, Columbia, Northwestern, Pepperdine and other universities have started offering courses aimed at family offices or family-owned companies. For family offices, the programs can help train the next generation of family office leaders at a time when talent is scarce and family offices are battling for experienced investors, accountants, lawyers and estate planners. The number of family offices has grown to more than 8,000 from about 6,000 in 2019, according to Deloitte. As more wealthy alumni launch family offices or work for one, they're becoming an important pipeline of donors and funding.
Persons: Robert Frank, Booth, Paul Carbone Organizations: University of Chicago Booth School of Business, Pritzker Private Capital, Family, Business, Harvard, Pepperdine, Wharton School, University of Pennsylvania, CCC Alliance, Wharton, Family Alliance, Deloitte Locations: Columbia, Northwestern
Iger's CEO contract currently runs until Dec. 31, 2026. Gorman joined Disney's board earlier this year and in August was named the lead of Disney's succession planning committee, which is tasked with finding Iger's replacement. In Nelson Peltz's unsuccessful proxy fight earlier this year, the activist investor took issue with how Disney's board previously handled succession. The firm's new CEO, Ted Pick, has "reaped some of the great success of Gorman," Jim added. Morgan Stanley shares soared to all-time highs last week after it reported top and bottom-line beats for its third quarter .
Persons: Bob Iger, James Gorman, Morgan Stanley, Mark Parker, Disney, Gorman, Iger, Bob Chapek, Nelson Peltz's, Jim Cramer, Jim, Ted Pick, Gary Hershorn Organizations: Disney, Nike, Wall, DIS, Club, CNBC, Hulu, ESPN, Magic, Walt Disney World, Corbis, Getty Locations: Orlando , Florida
To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Also, the analyst is confident about his Q4 revenue growth estimate of 12%, given "healthy closure rates and further pipeline building into a seasonally strong 4Q24." The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs (graphics processing units) in building artificial intelligence models and applications. The analyst thinks that Blackwell's launch and ramp-up are not just near- and medium-term revenue growth drivers, but also key factors that will enhance Nvidia's competitive advantage.
Persons: Cowen, Shaul Eyal, Eyal, TipRanks, Gregg Moskowitz, Microsoft's GitHub, Moskowitz, Goldman Sachs, Toshiya Hari, Hari Organizations: Wall Street, Lacework, Mizuho, Nvidia, Dell, Hewlett Packard Enterprise Locations: billings
Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.
Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air
I’ve tried PC speakers, bookshelf speakers, smart speakers — some of which weren’t very smart — and I’ve tried nearly every major Bluetooth speaker on the market. What we likeThe HomePod turns your speaker into a home base for all your Apple and smart home devices. Another issue that tampered with my experience with the Apple HomePod was the lack of Bluetooth connectivity. Other products to considerThe HomePod Mini is jam-packed with many of the same features as its larger counterpart the Apple HomePod. I used my years of commerce expertise and tech coverage for this article to review Apple’s HomePod smart speaker.
Persons: I’ve, , Siri, HomePod, Apple HomePod, It’s, TikTok Organizations: Apple, NBC, Netflix, Google, Bluetooth, Facebook, Twitter
But although the Italian government’s digital nomad visa launched in April 2024, so far there have been few accounts of people securing one. Italy’s digital nomad visa scheme was first announced in 2022 and launched in April 2024. Apart from anything else, she had a full-time job in San Francisco at the time. Although the website warned of a minimum four-month wait time, she saw an available slot at the San Francisco consulate for 10 days later. Despite her travails to get the visa, Waite says it was worth it.
Persons: we’ll, Stanley Tucci, It’s, Chelsea Waite, , Tuscany Chelsea Waite Waite, Waite, Bel, , I’d, Galleria Vittorio Emanuele II, Giuliano Benzin, , it’d, ” Waite, Lisa Mei, she’d, ‘ We’ll, Waite – —, ” Chelsea Waite, Milan –, Milan, I’ve, She’s, she’s “, Simona Sirio, — Waite, don’t Organizations: CNN, intel, Getty, San, Milan Cathedral, Duomo, London, Milan, , Dante Locations: Italy, Italian, lunchbreak, California, San Francisco, Milan, Tuscany, Florence, United States, Galleria Vittorio, Lake Como, London, Como, Greece, Lombardy
A gruesome death that was initially reported to be a bear attack is now being investigated by Montana authorities as a vicious homicide. The Gallatin County Sheriff’s Office in Montana received a call around 10 a.m. Saturday regarding the discovery of a dead man in a tent 2.5 miles up Moose Creek Road. The caller indicated that the death may have been caused by a bear attack. Evidence gathered through an autopsy further indicated that this was a homicide,” the sheriff’s office said. Authorities described the incident as a “vicious attack” and said detectives are working to develop and track down leads.
Persons: Dustin Mitchell Kjersem, , , Kjersem, Nate Kamerman, Kamerman, It’s, Sheriff Dan Springer, Springer, ” Springer, Jillian Price Organizations: Gallatin County Sheriff’s, Moose, Montana Department of Fish, Montana Department of Fish , Wildlife, Parks, Authorities, Sheriff, Gallatin County Sheriff's Locations: Montana, Gallatin County, Belgrade , Montana, Montana Department of Fish ,, Moose, Bozeman
UBS launched its global "House of Craft" initiative at an event in New York City in October. AdvertisementIn a SoHo townhouse in New York City, UBS launched its global "House of Craft" initiative, an experiential campaign that honors the tradition of craftsmanship. AdvertisementConvening around craftNew York City's legacy of fine craftsmanship made it the choice destination for UBS's first "House of Craft" event. James Miller, who said he collects micro-brand timepieces, wore a Henry Archer watch to the "House of Craft" event. "This is a brand campaign, but it's one very clearly associated with making sure more people are positively thinking about us," he said.
Persons: , Carmelo Anthony, Daniel Dae Kim, Ginny Wright, Audemars Piguet, Jean, Claude Biver, John McDonald, McDonald, Sergio Ermotti, Ermotti, Prophet, James Miller, Henry Archer, Julia Hood Miller, Nathan Desloover, Todd Snyder, Julia Hood, I've, Desloover, I'm Organizations: UBS, Credit Suisse, Service, NBA, Audemars, TAG, Suisse, Swiss, Publicis Groupe, Suisse hasn't, Horological Society of New Locations: New York City, Swiss, Americas, UBS's, Asia, Latin America, New York, York, Horological Society of New York, Detroit
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