How the once-promising EV maker went bottom-up

How the once-promising EV maker went bottom-up

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for … Read more

PE ownership in NFL teams is coming, Washington Commanders owner says

PE ownership in NFL teams is coming, Washington Commanders owner says

Josh Harris poses for a photo during the 2024 CNBC CEO Council Summit in Washington, D.C. on June 4, 2024.  Shannon Finney | CNBC In 2023, private-equity investor Josh Harris headed a group that paid $6.05 billion for the Washington Commanders, which still stands as not only the most money spent to purchase an NFL … Read more

Shari Redstone playing M&A war games with Paramount CEO removal

Shari Redstone playing M&A war games with Paramount CEO removal

Bob Bakish, CEO of Paramount, speaks with CNBC’s David Faber on Sept. 6, 2023. CNBC In what could easily be a plotline from HBO’s hit show “Succession,” Paramount Global plans to replace Chief Executive Officer Bob Bakish with a cohort of existing division heads on Monday in a chessboard-altering move designed to accelerate the company’s … Read more

Details of David Ellison bid

Details of David Ellison bid

Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Skydance Media’s offer to acquire National Amusements and merge its studio with Paramount Pictures isn’t a conventional takeover. The question for Paramount Global shareholders might be: Is it better than … Read more

Paramount stock slumps on reports of equity raise for merger

Paramount stock slumps on reports of equity raise for merger

Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of … Read more

No rate cuts in 2024?

No rate cuts in 2024?

Federal Reserve Chair Jerome H. Powell takes his seat to testify before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023.  Kevin Lamarque | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Woman drops claim of Leon Black rape at Jeffrey Epstein mansion

Woman drops claim of Leon Black rape at Jeffrey Epstein mansion

FILE: Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018.  Patrick T. Fallon | Bloomberg | Getty Images A woman who had accused Apollo Global Management co-founder Leon Black of raping her at the New York … Read more