Bob Iger, Joshua Kushner buy Los Angeles Lakers from Mark Walter
Joshua Kushner, founder of Thrive Capital (L), and Bob Iger during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Friday, July 10, 2026. Getty Images (L) | CNBC (R) The Los Angeles Lakers have sold — again. Less than a year after buying a controlling ownership stake in the […]
Home Depot CEO Ted Decker taking temporary medical leave
Home Depot CEO Ted Decker is taking a “temporary medical leave of absence” for the next few months and the company has appointed two top deputies to lead until he returns, the retailer announced on Wednesday. Ann-Marie Campbell, Home Depot’s senior executive vice president of U.S. stores and operations, will oversee day-to-day operations while finance […]
Nvidia $500B AI funding: Jensen Huang’s plan faces China risk
Nvidia CEO Jensen Huang speaks to members of media outside a restaurant in the Hongdae district of Seoul, South Korea, June 5, 2026. SeongJoon Cho | Bloomberg | Getty Images Jensen Huang built the world’s most valuable company by pioneering the specialized computer chips behind the artificial intelligence boom. To keep his vision for the […]
GM makes $4.5 billion parts deal to bolster supply chain
The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors has reached a unique, multibillion-dollar parts deal as it aims to preserve cash and prevent supply chain disruptions like ones that have hit the global automotive industry this decade. In a public filing Tuesday, […]
Invitation Homes CEO: Institutional homebuying ban will lower prices long-term
The CEO of Invitation Homes, the nation’s largest single-family rental landlord, said he believes the recently passed housing bill that bans investors like him from buying existing homes will eventually lower home prices, but not in the short-term. “I believe in the medium- to long-term, it definitely will,” said Invitation Homes chief executive Dallas Tanner. […]
MMR vaccine: Trump wants to split childhood shot up
President Donald Trump’s latest executive order calls for splitting the measles, mumps and rubella, or MMR, vaccine into three separate shots – but doctors and other experts say that effort has no scientific basis and is unlikely to get off the ground. Trump on Monday said without evidence that the vaccine could be “quite lethal” […]
Why JPMorgan is investing big in the 2028 LA Olympics
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, US, on Wednesday, July 15, 2026. Tom Brenner | Bloomberg | Getty Images LOS ANGELES – For years, JPMorgan executives have been talking with Olympics organizers about sponsoring the games. Before the next event, taking […]
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is expanding into a line of personal care products for kids ages 6 to 11 that will be sold in Walmart and on Amazon, the company told CNBC exclusively. CEO Chelsea Hirschhorn said the launch marks the next natural step for the company, which has seen its first customers age into […]
Nvidia, Wall Street asset managers partner on $500B AI push
Nvidia is attempting to turn its artificial intelligence chips into Wall Street’s newest asset class, partnering with six large asset managers on a $500 billion financing push designed to treat compute infrastructure much like commercial real estate, toll roads or other assets to borrow against. The chipmaker signed memorandums of understanding with Apollo Global Management, […]
HHS makes announcements on GRAS, ultraprocessed food
The U.S. Department of Health and Human Services on Monday announced a policy proposal aimed at giving the federal government greater visibility into the nation’s food supply. HHS proposed a requirement for manufacturers, like Pepsi or Nestle, to notify the Food and Drug Administration when they determine that an ingredient is “Generally Recognized as Safe,” […]