Dick’s Sporting Goods to shutter some Foot Locker stores to protect profits
Dick’s Sporting Goods acquired Foot Locker for $2.4 billion. To ensure the tie-up doesn’t become a drag on profits, the company is shrinking its footprint.
CNBC’s Official NHL Team Valuations 2025: Here’s how the 32 franchises stack up
The average NHL team is worth $2.2 billion, with the increase in team values largely driven by richer national media rights deals.
Alibaba shares rise as AI drives 34% cloud sales jump
Alibaba reported a 34% year-on-year rise in cloud computing revenue to 39.8 billion yuan.
Nvidia shares fall 3% on report Meta will use Google AI chips
Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.
Europe set for dour open as markets shrug off Wall Street rebound
European stocks are set for a soft open on Tuesday as regional markets shrugged off Wall Street’s rebound at the start of the week.
Three ways for investors to trade the UK Autumn budget
U.K. Chancellor Rachel Reeves’ high-stakes Autumn Budget offers a range of contrarian bets for investors.
‘Takaichi cannot retract her statement and Beijing knows that’: Why China-Japan spat unlikely to be resolved soon
Trump’s back-to-back calls with Xi and Takaichi did nothing to temper Beijing’s pressure campaign on Tokyo over Taiwan.
U.S. sues Sen. Jim Justice, wife for $5.1 million in unpaid taxes dating to 2009 as legal woes mount
A federal judge recently ruled the coal mining heir owed more than $29 million in damages for breaching a contract with a bond-surety company.
Alphabet’s Gemini poses a serious threat to OpenAI’s ChatGPT, Jim Cramer says
CNBC’s Jim Cramer explained why he thinks Gemini could be ChatGPT’s biggest challenger.
Six Flags’ turnaround could take a while, Jim Cramer says
CNBC’s Jim Cramer on Monday reviewed Six Flags’ prospects.