Author: Editor

A 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. Japanese companies bought two U.S. homebuilders last month alone, extending a string of purchases that has given the group an increasing market share over the last decade. Sumitomo Forestry acquired Tri Pointe Homes, which was a publicly traded builder, for $4.5 billion . Tri Pointe operates…

Versant Media Group, the newly minted spinout of TV networks and digital assets from Comcast, released its first earnings report Tuesday. The company reported full-year revenue of roughly $6.69 billion for 2025, down 5% from the prior year. Versant is reporting a breakdown of its earnings from its final year under the ownership of Comcast’s NBCUniversal. Versant’s linear distribution revenue fell 5.4% to $4.1 billion, and advertising revenue declined almost 9% to $1.58 billion. Net income attributable to Versant was $930 million, and the company reported $2.18 billion in stand-alone adjusted earnings before interest, taxes, depreciation and amortization. Shares of Versant gained 5% in…

Sign at the main entrance to a Best Buy store in Venice, Florida. Erik McGregor | Lightrocket | Getty ImagesBest Buy posted mixed results on Tuesday as the retailer’s holiday-quarter sales declined and missed Wall Street’s expectations, but its earnings topped estimates as it showed improved profitability.For the current fiscal year, the consumer electronics retailer expects revenue to range between $41.2 billion and $42.1 billion, compared with $41.69 billion in the most recent fiscal year. It expects adjusted earnings per share to range from $6.30 to $6.60, after it reported adjusted earnings per share of $6.43 for the previous fiscal…

The biggest AI startups are now using the biggest consulting firms as proxies in their battle to control the lucrative enterprise market.OpenAI this week announced multi-year partnerships with Boston Consulting Group, McKinsey & Company, Accenture, and Capgemini to help companies integrate AI into existing systems, rethink workflows, and deploy AI coworkers at scale alongside OpenAI engineers.”Working side by side with OpenAI enhances our ability to help companies reimagine their business to capture more value from AI,” Ben Ellencweig, a McKinsey senior partner, said in a press release announcing the partnership.The partnerships will help each firm deploy AI coworkers across the…

The creator economy is growing fast — but the opportunities aren’t being shared equally.Rachel Kisela, a freelance video editor from Seattle and MrBeast alum, noticed she was an anomaly as a woman in the field. That perception was confirmed by data she saw from the career site Zippia, which showed that 76% of video editors are men.When creators began asking Kisela for recommendations for other female editors, she got an idea. In 2024, Kisela, 27, launched EditHers, a Discord community to match female editors with hirers.She said the community has grown to nearly 200 editors and around 100 creators, including…

Across the street from Brooklyn’s leafy Fort Greene Park, dozens of formerly homeless families with children have found new temporary homes.Since October, Marvina Brinkman, 35, and her four children have stayed in a one-bedroom unit at the Fort Greene Family Center as Brinkman got on her feet and looked for permanent housing. She said the Center has helped her kids get into new schools, arranged transportation, and helped her look for permanent housing.”This is the first shelter I’ve been in that I’ve actually gotten real help for me and my children,” she said.This week, Brinkman and her children are moving…

Sign at the entrance to a Target store in Venice, Florida. Erik Mcgregor | Lightrocket | Getty ImagesTarget plans to report its holiday-quarter earnings and share its expectations for the year ahead on Tuesday morning, as its new CEO lays out his strategy and tries to persuade Wall Street that the big-box retailer can end its sales slump.The Minneapolis-based discounter will hold an investor meeting at its headquarters, led by CEO Michael Fiddelke, the company veteran who stepped into the job in February, as well as other Target executives.Here’s what Wall Street is expecting for the big-box retailer’s fiscal fourth…

The Supreme Court Win McNamee/Getty Images hide caption toggle caption Win McNamee/Getty Images The Supreme Court on Monday intervened in New York’s redistricting process, blocking a lower court decision that would likely have flipped a Republican congressional district into a Democratic district.      At issue is the midterm redrawing of New York’s 11th congressional district, including Staten Island and a small part of Brooklyn. The district is currently held by a Republican, but on Jan. 21, a state Supreme Court judge ruled that the current district dilutes the power of Black and Latino voters in violation of the state constitution.    GOP Rep. Nicole Malliotakis, who represents…

The U.S. Supreme Court Alex Wroblewski/AFP via Getty Images hide caption toggle caption Alex Wroblewski/AFP via Getty Images Guns, drugs, and the Second Amendment right to bear arms all merged at the Supreme Court on Monday in a case that could dramatically undermine the Gun Control Act of 1968. First a few basics: Marijuana use is legal, to one degree or another, in 40 states, but at the same time it’s illegal under federal law and is classified a schedule one drug, among the most dangerous. Just to make things even more confusing, President Trump is trying to reclassify the drug…

Elon Musk’s X is promoting itself to potential advertisers with a new deck that underlines its commitment to brand safety, according to the leaked deck shared with Business Insider.It comes after the AI chatbot shared “deepfake” sexualized images of women and children — a practice it stopped in late January after a backlash. The company said it would no longer generate AI images of real people in sexualized clothing.The deck shows X is also promoting its use of “blocklists.” A blocklist is a list of sites or accounts that advertisers explicitly prevent their ads from appearing on. In the past, Musk’s…