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The Latest Breaking News from CNBC

Comcast to spin off cable networks, once star performers at the entertainment giant

Comcast is spinning off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company

The Independent UK

Comcast Offloads Cable Channels Into New Company Called SpinCo

CNBC and MSNBC are among the channels that will be part of the new company.

International Business Times

Bose and McIntosh Group: why I'm positive about the acquisition

No one yet knows how this particular chapter for McIntosh Group will play out, so might we look at the potential positives?

What Hi-Fi?

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Comcast To Unveil Plans For Cable Networks Spin Off On Wednesday: Reports

CNBC, MSNBC and E! are among the affected networks.

International Business Times

Walmart warns it will have to raise prices if Trump’s tariffs are enacted

Trump claimed tariffs are the ‘greatest thing ever invented’

The Independent UK

What this Trump crypto deal could signal

The president-elect's flirtation with the crypto community could be getting more serious

Salon

Walmart Reports Strong Sales, Expects Continued Growth

Shoppers are 'focused on price and value,' and put off purchases until spotting good deals, Chief Financial Officer John David Rainey said.

International Business Times

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Walmart: Tariffs likely to raise prices

The retailer is the latest company addressing how Trump's proposal could affect consumers

Salon

Tech CEOs In Europe Call For 'Europe-First' Mentality Following Trump's 'US-First' Advocacy

Tech CEOs in Europe have called for a Europe-first mindset in terms of technology following Trump's win.

International Business Times

Major Trump Media Stockholder Unloads Nearly Entire Stake In Truth Social's Parent Company

Miami-based ARC Global Investments II cut its Trump Media share from 5.4% to just 0.01%.

International Business Times

In the Mike Tyson vs. Jake Paul fight, their paydays may have been vastly different

Nakisa Bidarian, cofounder of fight promoter Most Valuable Promotions, told CNBC that Tyson and Paul would each be making eight figures.

Fortune

AMD To Reduce Global Workforce By 4% Amid AI Focus

″As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%," an AMD representative said in a statement.

International Business Times

Dogecoin surges as Trump announces DOGE

Elon Musk, a fan of the cryptocurrency, has been named a leader of the "Department of Government Efficiency"

Salon

Elon Musk Spent $118 Million To Elect Trump. What Will He Get in Return?

Will the mercurial tech mogul put his thumb on the scale to help his own companies, or will he push for a broader deregulatory agenda?

Reason

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International Business Times

Ecosia, Qwant Partner On EU-Centric Search Engine Initiative To Counter Google

Ecosia and Qwant, two European search engines, collaborate to create a privacy-focused search index that promotes digital sovereignty and lessens reliance on Big Tech companies.

Salon

Starbucks CEO wants to go back to basics

CEO Brian Niccol pledges to simplify Starbucks menus and restore its community feel

International Business Times UK

'No, You Don't Need A Golf Cart To Get The Mail': How This Millionaire Dad Keeps His Kids Financially Grounded

John Wetmore, a former struggling teen, balances raising privileged kids with instilling the value of hard work and financial responsibility.

International Business Times

U.S. Homebuyer Age Hits Record High As Younger Americans Are Priced Out

The average age of homebuyers in the United States has risen to 56 years old as younger generations struggles with affordability.

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International Business Times UK

Should Adult Children Be Financially Responsible For Their Parents? Here's Why Dave Ramsey Says 'No'

Ramsey tells a caller that their kids aren't obligated to support them financially because they raised them. He says parenting is a duty, not a repayable debt.

International Business Times

US Regulators Reject Plan To Increase Nuclear Energy Flow To Amazon Data Center

The proposal would have boosted the amount of electricity coming from the Pennsylvania power plant from 300 megawatts to 480 megawatts.

International Business Times

Nvidia Replaces Struggling Rival Intel On Dow Jones Industrial Average

The move is intended to 'ensure a more representative exposure to the semiconductors industry,' according to S&P Dow Jones Indices.

Fortune

Anxious Google employees just broached cost-cutting concerns with executives—who were dressed in Halloween costumes

The tech giant’s chief scientist Jeff Dean was reportedly dressed as a starfish.

Fortune

Brian Niccol has to get hold of 200,000 Sharpies so he can bring back a classic Starbucks tradition

“Unfortunately it’s not as simple as going to Staples and picking up some Sharpies,” Niccol said. “That’s the power of our scale.”

International Business Times

Comcast Considers Spinning Out Cable Networks As New Company

Comcast is considering creating a separate company for its cable network portfolio that includes Bravo, CNBC and MSNBC.

Fortune

JPMorgan sues TikTokers for fraud after viral 'infinite money glitch'

JPMorgan is reportedly attempting to recoup more than $661,000 in ill-gotten funds.

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