Rank Empire Value Key operator(s) Notable sports properties (*owns 50% or less) 1 Kroenke Sports & Entertainment $21.17B Stanley Kroenke (owner, chairman), Josh Kroenke (vice chairman) NFL’s Los Angeles Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, Premier League’s Arsenal 2 The Jones family $15.53B Jerry Jones (owner, president, general manager of the Dallas Cowboys) NFL’s…
Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at up to $10 billion, three people familiar with the deal process told CNBC. Almost 30 domestic and foreign private equity firms in China have submitted non-binding offers, the sources said, adding that proposals on the table value the business between…
The “one big beautiful” tax-and-spending package President Donald Trump signed on Friday included several significant changes for higher education — among them, an increased tax on the endowment income of the nation’s top colleges. Instead of the existing flat 1.4% tax rate, there is now a new multi-tiered rate of up to 8%, with larger endowments subject…
The U.S. consumer could soon jump to the front of the line of Wall Street’s worries, with Amazon ‘s Prime Day sales and companies’ second-quarter corporate earnings season delivering plenty of data to sort through. The dominant e-commerce platform’s annual sale began on Tuesday. Bank of America analyst Justin Post estimated that this Prime Day…
CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. Mike Segar | Reuters PARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as traders eyed the latest tariff developments, and what’s on the radar for the next…
A preliminary report into the crash of an Air India jetliner that killed 260 people in June is expected to be released by Friday, a step that could provide early details into the world’s worst aviation disaster in a decade, three sources said Tuesday. While the report from Indian investigators could be made public Friday, the sources with knowledge of the matter cautioned that plans could change and there was no clarity on how much information would be…
Global stocks have surged to unprecedented levels in the first half of 2025, even as U.S. President Donald Trump’s tariff salvos ripple across the globe. Here are the top winners and losers globally, as well as where they’re headed. The MSCI All Country World Index, which measures the performance of over 2,500 stocks from both…
CNBC’s Jim Cramer on Tuesday described why he likes online used car dealer Carvana, telling investors they can start a small position and wait for a pullback to buy more. “I like Carvana for the long-haul because I’m a true believer, but that doesn’t mean the stock will charge endlessly higher without taking some detours,”…
The Grok logo is being displayed on a smartphone with Xai visible in the background in this photo illustration on April 1, 2024. Jonathan Raa | Nurphoto | Getty Images Elon Musk’s Grok chatbot on Tuesday praised Adolf Hitler and made other antisemitic comments. The chatbot, built by Musk’s startup xAI, made the comments on…
