Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym in Richmond, California, on May 9, 2024. Justin Sullivan | Getty Images Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month […]
Disney (DIS) earnings Q4 2024
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall […]
Republicans clinch control of House, setting stage for quicker action on extending tax cuts
Republicans are poised to keep their hold on the House in the new year, as the AP just called enough House races in their favor. Having scored a sweep in this month’s election, the party is expected to focus on the upcoming expiration of their 2017 tax cuts, along with other tax-policy priorities.
Homebuilder deal activity is surging, fueled by major Japanese buyers
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver’s seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese. M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and close to a record in the number of deals, according […]
Dow shrugs off new inflation data. Bond yields suggest it’s ‘top of mind’ for 2025.
The U.S. election has sharpened investors’ focus on inflation as they weighed the latest CPI data.
Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated […]
10-, 30-year Treasury yields end at 4-month highs as investors weigh inflation risks
Yields on U.S. government debt finished mixed on Wednesday as traders weighed rising expectations for a quarter-point rate cut by the Federal Reserve in December against the potentially inflationary implications of the incoming Trump administration.
Beverly Hills surgeon sues Medtronic for patent infringement
Michael Siluk | Education Images | Universal Images Group | Getty Images Dr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the company of stealing her patented design. A Beverly Hills surgeon with over 22 […]
What goals the EV maker must hit to receive $5.8 billion
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced […]
MARA’s moves beyond bitcoin mining may be good business, but bad for the stock
MARA’s stock falls as J.P. Morgan recommends selling in wake of the bitcoin miner’s quarterly results.
