Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who’d traveled from around the world to the company’s hometown.He used the moment to lay out a vision for how he wants Amazon to operate like the “world’s largest startup,” getting rid of bureaucracy in order to move faster and stay competitive.”We’re working hard to try to flatten our organization and have fewer layers because in…
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Zohran Mamdani greets a bodega worker before a press conference on October 29, 2025 in the Belmont neighborhood of the Bronx borough in New York City. Michael M. Santiago | Getty Images News | Getty ImagesZohran Mamdani’s shock-to-the-establishment victory on election night left the Wall Street and billionaire class reeling, but it could provide a jolt to the small business community. Supporters of Zohran Mamdani point to the mayor-elect of America’s largest city having put out a detailed policy plan for small businesses. Among Mamdani’s small business policy proposals are cutting fines and fees for small businesses in half, including…
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCBillionaire investor Carl Icahn took a significant stake in auto-service chain Monro, becoming the largest single shareholder and marking his latest move in the automotive sector.Icahn disclosed ownership of 4,439,914 shares, representing a 14.8% stake in Monro, according to a new regulatory filing. The filing showed the shares were acquired by Icahn’s investment entities. It wasn’t clear whether he plans to push for changes at Monro.Icahn becomes the largest shareholder in Monro, previously known as Monro Muffler Brake, surpassing BlackRock Fund Advisors, which held…
Industrial outdoor storage in Elgin, Illinois.Courtesy of Alterra IOSA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The rapid buildout of AI and quantum infrastructure is sparking a boom in an often overlooked commercial real estate sector. Industrial outdoor storage (IOS) is suddenly seeing significant demand and rent growth amid lean supply. IOS comprises all types of either paved…
U.S. Supreme Court Police stand behind security barriers in front of the Court building, which is obscured in construction scaffolding, on the first day of the Court’s new term on October 06, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesThe Supreme Court on Wednesday morning will hear oral arguments to decide the fate of the cornerstone of President Donald Trump’s aggressive trade policy: Broad and sometimes high tariffs against most of the world’s nations.Lower federal courts have ruled that Trump lacked the legal authority he cited under the International Emergency Economic Powers Act to impose the so-called reciprocal tariffs…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailNick Daniels, National Air Traffic Controllers Association president, joins ‘Squawk Box’ to discuss impact of the ongoing government shutdown on air traffic controllers, whether air travel remains safe, potential impact on the upcoming holiday season, and more. Source link
Rick Smith, CEO of Axon Enterprises.Adam Jeffery | CNBCAxon Enterprise’s stock plummeted 17% after the TASER maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints.Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points from a year ago to 62.7%, which Axon attributed to tariff impacts.Axon’s connected devices business, which includes its TASER and counter drone equipment, felt the biggest pinch during the first full quarter with tariffs. The business segment accounted for over $405 million in revenues, increasing 24% year over…
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersDigital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion.The fundraise comes after a slew of acquisitions and as the company expands its product base beyond just payments.Crypto and digital asset companies are trying to take advantage of what is seen by the industry as a more favorable environment in the U.S. after the election of President Donald Trump and the passing of a landmark stablecoin…
Chinese electric car company Xpeng announced on Nov. 5, 2025, it is releasing a new version of its driver-assist system.CNBC | Evelyn ChengGuangzhou, CHINA — Chinese electric car company Xpeng announced Wednesday that by the first quarter of 2026, it will start rolling out a new driver-assist system for navigating narrow roads.Xpeng claimed the new system enables cars to drive themselves smoothly through tight streets — which it played up as better for the European market — and significantly reduces the need for human intervention. The Chinese company said that German automaker Volkswagen will be its first client as Xpeng…
Pekic | E+ | Getty ImagesThe stock market’s impressive run in recent years may be fattening your portfolio, but it also might have thrown your intended investment mix off balance.While artificial intelligence stock valuations spurred a market decline on Tuesday, the major indexes are still well up this year, propelled both by AI-related and big technology stocks. Through Tuesday’s close, the S&P index is up about 15.1%. Both the Dow and the Nasdaq have also posted double-digit gains for the year of roughly 10.6% and 20.9%, respectively.Those jumps come on the heels of outsized returns in 2023 and 2024. In…
