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' ...

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 ...

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 ...

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 ...

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 ...

Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger.First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week's upwardly revised figure and significantly less than the Dow Jones consensus estimate for 235,000, the Labor Department reported Thursday.Continuing claims, which run a week behind, were little changed, falling 2, ...

Transocean Barents, an oil platform passes through Canakkale Strait as vessel traffic suspended in both directions in Canakkale, Turkiye on November 12, 2024.Shares of Transocean plunged Thursday after the offshore driller announced the sale of a large number of shares at a discount.Transocean is planning to sell 125 million shares at a price of $3.05, significantly lower than Wednesday's close of $3.64. It is offering 25 million shares more than it originally planned.The Swiss company's stock was last down ...

In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be "unable to to create the physical environment our customers and partners expect, or where we don't see a path to financial performance."In addition to focusing on the customer experience, Niccol has enacted additional changes to operations including a return to four days in office, beginning next month. He's also brought on a new executive team including CFO Cathy Smith, Global Chief B ...

The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company's practices in software support services.According to the Commission, the investigation will assess "whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of software, licensed by SAP, used for the management of companies' business operations."SAP, in a statement on Thursday, said it believed its polic ...

A Nvidia RTX PRO 6000 Blackwell Server Edition on display during VivaTech 2025 tech conference in Paris, France.Chesnot | Getty ImagesBritish artificial intelligence infrastructure firm Nscale is raising heaps of cash as it looks to ramp up the deployment of AI data centers across Europe.Nscale, which is based in London, said Thursday that it has raised $1.1 billion in a bumper Series B funding round. The investment was led by Aker, the Norwegian industrial investment company, with additional participation ...