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The Latest Breaking News from CNBC

This $8 billion startup is fining employees $1,200 for contacting colleagues on vacation

Roughly half of U.S. employees report working at least one hour a day even when on vacation.

Fortune

Its No Longer A Small World: Disney CEO Bob Iger Terminates COVID-19 Era Work From Home Policy

Disney CEO Bob Iger Terminates COVID-19 Era Work From Home

Zenger

Why are eggs still so expensive?

Egg prices jumped 49% in 2022 through November, according to data from the Bureau of Labor Statistics, and costs are expected to remain high through the first quarter of 2023, CNN and CNBC report.

Tribune News Service

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The ‘everything bubble’ has popped and the experts on Wall Street and in Silicon Valley were spectacularly wrong about a ton of things

Morgan Stanley analysts were sure Carvana stock would hit $430 a share and the crypto faithful believed Bitcoin would top $1 million.

Fortune

Walgreens executive admits retail theft concerns are overblown: ‘Maybe we cried too much’

Investments in private security have been “largely ineffective” after theft issue dominated headlines heading into midterms

The Independent UK

Southwest Airlines’ meltdown loss could run $500 million to $700 million

When Southwest Airlines’ had an operational meltdown in October 2021, it cost the airline $75 million in lost revenue.

Tribune News Service

Millennials buy abandoned high school and turn it into 31-unit apartment building

The building now has 27 one-bedroom and four two-bedroom apartments.

The Independent UK

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Musk actively seeking new CEO after losing poll, CNBC says

Elon Musk is actively searching for a new chief executive officer for Twitter Inc., CNBC’s David Faber reported, after the billionaire lost a straw poll he posted on the social media site that asked users whether he should relinquish his role as head of the company.

Tribune News Service

NBC Sports reveals 80-plus hours of coverage for IMSA in 2023

The full on-screen schedule for the IMSA WeatherTech SportsCar Championship has been revealed today by NBC Sports, with coverage across NBC, Peacock and USA Network.

Motorsport

Women and men ask for raises the same amount. Men get them more often.

Men’s outsize ability to nab raises is a particularly bad look, given how poorly women are paid to begin with—per the Census Bureau, an estimated 82 cents on the man’s dollar.

Fortune

Shaq distances himself from crypto, despite once being a paid spokesperson for FTX

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal said, referring to his association with the failed cryptocurrency exchange FTX.

Fortune

Ford Adds Third Shift At F-150 Lightning Plant Amid "Huge Demand"

Ford's Rouge Electric Vehicle Center is now running three rotating crews of workers on 10-hour shifts seven days a week to maintain a high level of production.

InsideEVs

Rivian Pauses Electric Van Project Planned With Mercedes In Europe

CEO said Rivian is pursuing "the best risk-adjusted returns" on its capital investments and focusing on its existing consumer and commercial businesses.

InsideEVs

Crypto.com's name is all over the 2022 World Cup. Will it be around for the next one?

Crypto.com issued a report to reassure customers and the public its finances are just fine. Is that enough?

Fortune

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Tribune News Service

WNBA star Brittney Griner is headed to Texas medical facility upon release

WNBA star Brittney Griner is headed to a medical facility in San Antonio following her release Thursday from a Russian prison in a dramatic, high-level prisoner swap, according to CNBC.

Fortune

Senate Banking Committee: Sam Bankman-Fried will be subpoenaed if he doesn’t agree to attend FTX hearing

After weeks of waffling, the disgraced FTX founder faces an ultimatum.

Fortune

SEC Chair says the 'runway is getting shorter' for crypto companies

The Securities and Exchange Commission chair said “the runway is getting shorter” for crypto companies.

WEKU

Kyrie Irving's partnership with Nike is officially terminated

Following an initial suspension a month ago, Nike has now terminated its contract with Irving over his antisemitic social media posts.

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Inverse

HBO Max is about to get an even worse name

In the wake of the tumultuous Warner Bros. and Discovery merger, the relatively new streaming service is getting a makeover.

Fortune

Musk supports idea of SBF going to jail over FTX collapse

Both the Department of Justice and the SEC are reported to be investigating FTX's downfall.

Salon

Epstein estate settles for $105 million

In addition, the Virgin Islands will claim half of the funds from the sale of Epstein's island, Little St. James

Fortune

The man who correctly predicted Bitcoin's drop to $20,000 just said it could fall another 40% next year

Billionaire investor Mark Mobius, a long-time crypto skeptic, has a prediction Bitcoin enthusiasts might not like.

The Independent UK

South Dakota governor bans TikTok from state agencies over ‘intelligence gathering’ concerns

TikTok is owned by ByteDance, a Beijing-based privated tech giant

Fortune

Energy CEO says markets should brace for 'one or two years of extreme volatility'

The head of one of Europe’s largest energy companies says turmoil is far from over, and European nations should start thinking ahead.

Fortune

Top economist Mohamed El-Erian says inflation could get 'stuck' at an uncomfortably high number because of supply chain issues and a 'change in globalization'

Mohamed El-Erian says that inflation may get stuck at 4% as the global economy goes through a “profound” shift—and warns investors not to fall in love with the “short and shallow” recession theory.

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