Latest Reporting by CNBC Business
20 Stories IndexedStan Kroenke buys controlling stake in MLB's Los Angeles Angels
Billionaire businessman Stan Kroenke has acquired a controlling ownership stake in Major League Baseball's Los Angeles Angels, taking over from Arte Moreno. The team is part of Kroenke Sports and Entertainment, a sports empire valued at over $26 billion. The transaction marks a significant shift in the franchise's leadership.
This acquisition highlights the growing financial stakes and consolidation in professional sports ownership, particularly in MLB, where high valuations reflect the league's commercial appeal and Kroenke's expanding influence.
How one of the largest investors in student housing is playing this school year
Mike Gordon of Harrison Street Asset Management said funding cuts and enrollment trends are making specialization more vital than ever.
Toyota's hybrid RAV4 is in demand as dealers wait for more supply
When Toyota announced the new version of its SUV, it said the RAV4 would only be available as a hybrid and that production would be limited at first.
OneRail launches AI platform with Nvidia for retailers to make faster delivery decisions
Last-mile delivery company OneRail is launching a new platform with Nvidia to use AI to help retailers make faster and more efficient delivery decisions.
Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot
Whatnot and TikTok are tapping into its potential livestream shopping in the U.S. after a decade of massive success in China.
Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up
Mortgage rates have risen to their highest level since June 2025. The increase is linked to higher oil prices following recent attacks in the Middle East, which disrupted expectations for falling rates.
Trump reportedly plans to announce new drug pricing deals with nearly a dozen drugmakers
The string of deals builds on the Trump administration's push to link the nation's drug prices to cheaper ones abroad.
Manhattan's luxury rental market is booming, with units reaching $100,000 a month
New York City brokers said they've seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.
The 'choose your own adventure' earnings: Why retailers are handling tariff refunds so differently
Retailers have diverged on how they've reported tariff refunds in their earnings this quarter, with some choosing to lower prices and others boosting margins.
Goodyear burning rubber and cash as turnaround plan continues
The tire maker has an ongoing turnaround plan as the company tries to restructure its business, refinance and pay down years of debt.
FDA approves daily HIV pill from Gilead designed to simplify treatment for some patients
The new pill is also aimed at people who are doing well on a single-tablet regimen, including Biktarvy, and want to switch to a new treatment.
How Taylor Farms became integral to America's food supply system
Taylor Farms and other suppliers have become larger and more integral to the U.S. food system, complicating foodborne illnesses such as cyclosporiasis.
Imax says it's open to a sale. Why is no one buying?
Imax's stock and box office are breaking records, but studio conflicts and a soaring valuation complicate the list of who could bid for the company.
Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand
Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.
Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker
The data includes the portfolios of hundreds of family offices, representing a total of $1.4 trillion in assets.
What the Buss family Lakers dispute can teach the wealthy about trusts
Jeanie Buss, governor of the Lakers, is contesting her siblings' decision to sell the family's remaining stake in the NBA team.
American Airlines adds batch of new international routes on its XLR planes
American is adding seven routes to its 2027 schedule, with the majority heading to smaller European cities from its Philadelphia hub or from New York City.
Lost in limbo: Where the Paramount merger delay leaves WBD, and what may come next
Paramount Skydance's acquisition of Warner Bros. Discovery is stalled due to an antitrust lawsuit, leaving WBD in limbo during a pivotal moment for media.
Hyundai has grown more than any automaker in the U.S. — and it's not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
Investor competition for commercial real estate sees strongest growth in a year
Even though macro uncertainty and volatility continue to show up in the broader economy, bidding keeps rising, according to JLL.