(Reuters) -Paramount Global is holding talks with other media companies about merging its streaming platform with another, CNBC reported on Monday, citing people familiar with the matter. Fears of market saturation have forced media companies to bundle their streaming businesses and offer discounted rates to lure customers who are wary of signing up and paying […]
A man was arrested Saturday after a woman was stabbed in the parking lot of CNBC‘s headquarters in Englewood, N.J. the day prior. The 30-year-old victim, a CNBC employee, was in her car on Friday evening trying to leave the parking lot when Harshkuma Patel, 29, allegedly approached and knocked on her window. When she […]
(Reuters) -Tesla CEO Elon Musk has told Nvidia to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker, CNBC reported on Tuesday. “Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12K of shipped H100 GPUs originally slated for Tesla to X instead,” an internal […]
Tesla (TSLA) CEO Elon Musk reportedly ordered Nvidia (NVDA) to ship out and divert AI chips originally meant for Tesla to X and Musk’s xAI startup, according to emails obtained by CNBC. The Morning Brief team reports on this. For more expert insight and the latest market action, click here to watch this full episode […]
(Reuters) -Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle with the media giant, CNBC news reported on Wednesday, citing a person familiar with the matter. The hedge fund was Disney’s fifth-biggest shareholder with a 1.77% stake as of March 31, according to LSEG data. It […]
(Reuters) -The California Public Employees Retirement System (CalPERS) CEO Marcie Frost is planning to oppose Tesla CEO Elon Musk’s $56 billion pay package, CNBC reported on Wednesday. “We do not believe that the compensation is commensurate with the performance of the company,” Frost said in an interview to CNBC. Asked if the pension fund was […]
(Reuters) -Shares of Paramount Global fell more than 7% on Tuesday after CNBC reported, citing sources, that Sony Pictures is rethinking its bid for the U.S. media company. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to […]
(Reuters) -A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported on Tuesday. Shares of the fitness equipment maker rose 20.6% in premarket trading. The New York-based company has had […]
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Suffice to say, this was no perfect call. CNBC on Monday made the curious decision to welcome Donald Trump onto its airwaves for an extended live telephone chat, in which […]
Shortly after Donald Trump called into CNBC Monday morning, a host on the financial network’s flagship show posed a straightforward question: How did the former president’s vision for the country compare to the one President Joe Biden laid out in last week’s State of the Union address? In a winding 280-word response, Trump had plenty […]