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It's not just Disney: As streaming services hike prices, it's a battle over who blinks first
CNBC· 2025-09-25 16:36
The consumer TV landscape was once giddy with the prospect of cutting the cable cord, freeing viewers from increasingly high prices. For many consumers, however, that glow has long faded. This week, Disney+ announced price increases which will raise most customers' bills by $2 to $3. Last month, Apple TV+ raised prices for the third time in three years. These moves followed increases earlier in the year from a wide range of streamers, including Netflix, Discovery+, Peacock, Dropout.tv, Paramount and Fubu.Co ...
Microsoft cuts off cloud services to Israeli military unit after report of storing Palestinians' phone calls
CNBC· 2025-09-25 16:13
Microsoft President Brad Smith, left, speaks at a press conference on future visions for the development and application of artificial intelligence in education in North Rhine-Westphalia at the Representation of the State of North Rhine-Westphalia in Berlin on June 4, 2025. To his right is Hendrik Wüst (CDU), Minister President of North Rhine-Westphalia, in front of the sign "From coal to AI."Microsoft said Thursday that it has stopped providing certain services to a division of the Israeli Ministry of Defe ...
AI nuclear stock play Oklo loses 15% in 2 days amid big insider selling, Wall Street caution
CNBC· 2025-09-25 15:26
Jacob DeWitte, Co-Founder and CEO of Oklo, speaks in the Oval Office as he attends the signing of an executive order by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 23, 2025.Oklo has also seen a cluster of insider selling over the past few days. CEO Jacob DeWitte unloaded $3 million of stock in the form of a gift this week and Oklo director Michael Klein dumped $6.7 million worth of shares, according to Verity data. CFO Craig Bealmear sold $9.4 million of stock at the end o ...
Amazon reaches $2.5 billion settlement with FTC over 'deceptive' Prime program
CNBC· 2025-09-25 15:24
和解协议核心条款 - 公司同意支付25亿美元以解决联邦贸易委员会关于Prime会员注册和取消流程的指控 [1] - 协议禁止公司对Prime条款进行虚假陈述 并要求在注册过程中提供清晰显著的条款披露 [3] - 公司必须在收取订阅费用前获得消费者的明确同意 并提供简便的取消渠道 [3] 诉讼背景与进展 - 联邦贸易委员会于2023年6月提起诉讼 指控公司欺骗数千万客户注册Prime订阅并阻碍取消尝试 [1] - 双方在西雅图联邦法院开庭审理仅三天后即达成和解 开庭辩论于周二进行 [2] 事件性质与影响 - 联邦贸易委员会指控涉及Prime会员计划的注册和取消流程存在系统性误导行为 [1][3] - 该和解协议标志着联邦贸易委员会对科技公司订阅服务实践的重大监管行动 [1][3]
Former Fed, Treasury chiefs urge Supreme Court to block Trump firing Lisa Cook
CNBC· 2025-09-25 14:43
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC.Every living former chair of the Federal Reserve, as well as a slew of ex-Treasury secretaries and former White House economic advisors, urged the Supreme Court on Thursday to block President Donald Trump from firing Fed Governor Lisa Cook as her lawsuit challenging her removal proc ...
Robert Kraft agrees to sell New England Patriots minority stake in deal that values team at $9B
CNBC· 2025-09-25 14:38
New England Patriots owner Robert Kraft speaks to media at Gillette Stadium to announce the team's hiring of head coach Jerod Mayo.Robert Kraft, who paid $172 million for the New England Patriots in 1994, has agreed to sell 8% of the NFL team to two groups in a deal that values the franchise at $9 billion, according to two sources who have first-hand knowledge of the deal but are not authorized to speak about it publicly.The money the team will get from selling the 8% stake is going to stay on the Patriots' ...
CoreWeave inks $6.5 billion deal with OpenAI
CNBC· 2025-09-25 13:50
Michael Intrator, co-founder and chief executive officer of CoreWeave Inc., during an interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025.CoreWeave on Thursday announced a $6.5 billion deal with OpenAI, expanding its current agreement with the artificial intelligence startup behind ChatGPT. The new agreement brings the AI cloud infrastructure provider's total contracts with OpenAI to $22.5 billion. "This milestone affirms the trust that world-leading innov ...
Existing home sales stall in August amid higher mortgage rates
CNBC· 2025-09-25 13:49
A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Sales of previously owned homes were essentially flat in August, coming in 4 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. That is a 0.2% drop from July and an increase of 1.8% from August of last year. Sales were strongest in the Midwest and weakest in the Northeast.This count is based on closings, so people signing their deals in June and July, when ...
CarMax stock plummets 20% following 'challenging' quarter that missed Wall Street's expectations
CNBC· 2025-09-25 13:36
A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California.DETROIT — Shares of CarMax were down by more than 20% in early trading Thursday after the used auto retailer missed Wall Street's quarterly earnings and revenue expectations.The company's results included earnings per share of 99 cents and revenue of roughly $6.6 billion, down 6% from a year earlier. Analysts surveyed by LSEG had expected earnings per share of $1.05 and revenue of $7.01 billion.CarMax CEO Bill Nash ...
Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records
CNBC· 2025-09-25 12:43
JIMMY KIMMEL LIVE! "Jimmy Kimmel Live!" airs every weeknight at 11:35 p.m. ET and features a diverse lineup of guests that include celebrities, athletes, musical acts, comedians and human interest subjects, along with comedy bits and a house band.A group of Disney investors is demanding access to company records, alleging that the entertainment giant's handling of late-night host Jimmy Kimmel's suspension reflected political pressures rather than the best interests of shareholders.In a letter sent Wednesday ...