CNBC Business

New billionaires made more of their fortunes from inheritance than from entrepreneurship in recent months, according to the UBS Billionaire Ambitions Report.

Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly eclipsing 8%.

The one thing that experts, along with vaccine makers, can agree on is that low vaccination rates put people at risk of getting severe Covid infections.

Target and Anheuser-Busch — two companies at the center of high-profile protests this year related to LGBTQ+ rights — both submitted to scoring.

Ford expects $10 billion to $10.5 billion in adjusted earnings before interest and taxes and adjusted free cash flow of between $5 billion and $5.5 billion.

The UAW union is launching an unprecedented campaign to organize 13 non-union automakers after bargaining record contracts with the Detroit automakers.

The league said it will also cut operational and event-related costs for 2024 and further revealed that it has parted ways with Commissioner Brooks Wiley.

Jay Monahan said the PGA Tour faced an "existential threat" from LIV Golf ahead of the framework agreement between the golf leagues.

Spirit is facing financial strain from weaker off-peak demand and Pratt & Whitney engine groundings.

GM pulled its guidance when it reported its third-quarter earnings on Oct. 24, citing volatility caused by the UAW negotiations and labor strikes.

Disney CEO Bob Iger says his number one priority at the company is revitalizing its film studio.

Foot Locker beat on third-quarter earnings and said it expects better same-store sales for the year than it previously did.

Cigna and Humana are discussing a stock-and-cash deal that could be finalized by the end of this year, according to the report from the Wall Street Journal.

Mark Cuban has agreed to sell a majority stake in the NBA's Dallas Mavericks to casino mogul Miriam Adelson's family.

Netflix announced three "Grand Theft Auto" titles will join the company's mobile game library next month.

Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family.

Growing geopolitical tensions, fueled by wars in Ukraine and Israel, have raised concerns that China could move to annex Taiwan.

The UAW's targeted strikes, which ended in late October, cost GM $1.1 billion in adjusted earnings before interest and tax, or EBIT, in 2023.

Patients on Eli Lilly's Mounjaro were more likely to lose weight and experienced larger reductions in body weight compared to those on Novo Nordisk's Ozempic.

Thanksgiving broadcasts broke ratings records across the board, even as traditional TV grapples with cord-cutting.