There is a $2 billion gulf growing in Los Angeles. The National Football League’s Los Angeles Rams, No. 2 on CNBC’s Official 2024 NFL Team Valuations list, are worth $8 billion, while the Los Angeles Chargers rank 26th at a value of $5.83 billion. While the Rams have a recent Super Bowl to their name and the Chargers don’t,…
Luca Maestri speaks to newly graduated students during the visit of the President of the Council, Giuseppe Conte, to Apple and Cisco Academy. Marco Cantile | Lightrocket | Getty Images Apple announced Monday that it will replace Chief Financial Officer Luca Maestri on Jan. 1 with current Apple insider Kevan Parekh. Maestri will continue to lead teams focusing on…
Tim Cook, CEO of Apple, at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 9, 2024. David A. Grogan | CNBC Apple announced it will hold a press event at its headquarters in Cupertino, California, on Monday, Sept. 9, where the company is expected to announce new iPhones and Apple Watch models. The launch…
Moët Hennessy SirDavis American Whisky. Courtesy: Moët Hennessy Beyoncé is holding her whiskey up high. The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH’s Moët Hennessy, the brand announced in a press release Tuesday. Beyoncé shared the news holding up a glass of the whiskey, dubbed SirDavis, in…
Hugh Jackman and Ryan Reynolds star in Marvel’s “Deadpool & Wolverine.” Disney The trio of Ryan Reynolds, Hugh Jackman and Shawn Levy has captured lightning in a bottle with “Deadpool & Wolverine.” As of Thursday, the Disney and Marvel film is the highest-grossing R-rated title of all time, surpassing Warner Bros.’ “Joker.” With $516.8 million in domestic ticket sales…
Jaque Silva | SOPA Images | Lightrocket | Getty Images Streaming is finally starting to pay off for media companies, but there’s a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes. Legacy media companies entered the streaming market with a focus on gaining subscribers and competing with category leader Netflix as…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC A coincidence or master plan? Warren Buffett now owns the exact same number of shares of Apple as he does Coca-Cola after slashing the tech holding by half. Many Buffett followers made the curious observation after a regulatory “13-F” filing Wednesday…
During Google’s Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company’s new AI assistant, Gemini. Things got awkward right after the presenter told the audience, “all the demos today are live, by the way.” In front of a big crowd of media and analysts at…
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney The “Merc with a Mouth” is breaking even more box office records. Over the weekend, Disney and Marvel’s “Deadpool & Wolverine” became only the second R-rated film to top $1 billion at the global box office. And it’s on its way to becoming the highest-grossing R-rated film…
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images The time of villains has come. Disney’s classic baddies are getting their own theme park land at the…
