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Warner Bros. Studios in Burbank, California, US, on Wednesday, Nov. 26, 2025. Warner Bros. Jill Connelly | Bloomberg | Getty ImagesNetflix announced Friday it’s reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets. The transaction is comprised of cash and stock and is valued at $27.75 per WBD share, the companies said. That puts the equity value of the deal at $72 billion, with a total enterprise value of approximately $82.7 billion. Netflix will acquire Warner Bros.’s film studio and…

Planes line up on the tarmac at LaGuardia Airport on Nov. 10, 2025 in New York City.Spencer Platt | Getty ImagesSouthwest Airlines cut its 2025 earnings forecast Friday, citing a demand dip during the federal government shutdown, the longest ever.The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million, because of lower revenue in the shutdown and higher fuel prices. “Following the temporary decline in demand related to the shutdown, bookings have returned to previous expectations,” Southwest said in a securities filing.Earlier this week,…

As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire.The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville, Tennessee, CNBC has learned.The letters, obtained and verified by CNBC, account for about $41 million in new losses. They come on the heels of $89 million in marine loan wipeouts disclosed in September and $78 million in losses revealed by CNBC in an August report.In total,…

NFL legend Fran Tarkenton said the same issues that can kill team chemistry in the locker room can also hobble a company, which is why he insists on interviewing each of his employees.”If you don’t have the right people, you can’t make it in your business, my business, and you can’t make it in the NFL,” the NFL quarterback-turned-founder of tech company Tarkenton told Business Insider.Relaying a conversation with then-Seattle Seahawks head coach Pete Carroll, Tarkenton said over a decade ago, he advised Carroll to cut a superstar player who was causing drama in the locker room.”I said, if you…

LinkedIn is dismantling one of Silicon Valley’s most familiar early-career tracks: the associate product manager program.It will be replaced with a new program that trains people to code, design, and build products end-to-end.LinkedIn’s chief product officer, Tomer Cohen, said on an episode of “Lenny’s Podcast” published Thursday that the company’s long-running associate product manager program will end this year.Starting in January, new hires will enter the associate product builder program, he said. “We’re going to teach them how to code, design, and PM at LinkedIn,” he added, referring to product management.The shift is part of a broader internal transformation built…

By any other name; a different kind of clearing house; dodgy digital; and other highlights of recent tax cases.New York: David Motovich has been sentenced in federal court in Brooklyn to 15 years in prison for operating an illegal money transmitting business, failure to file currency transaction reports, bank fraud, conspiracy to commit bank fraud, money laundering, aggravated ID theft and conspiracy to defraud the U.S.Motovich, convicted by jury in July 2024, used his family-run business in Brooklyn as a front for an illegal, unlicensed check-cashing operation. He offered his services primarily to owners and operators of construction companies, cashing…

Ulta Beauty’s bet to expand its South Korean beauty collection is paying off, driving sales and bringing in new customers.In a Thursday earnings call, Ulta Beauty CEO Kecia Steelman said the company’s K-beauty assortment “continues to resonate and drive skincare sales.”She said that aside from its long-standing exclusive sales partnership with skincare and beauty brand Peach & Lily, it expanded its K-beauty brand portfolio in 2025.”We saw space for growing K-beauty trends in both skincare and makeup,” Steelman said to investors. “We moved with agility to build a complementary and largely exclusive pipeline, including a portfolio of new and many…

Texas Republican state Sen. Pete Flores looks over the state’s redrawn congressional map at the Texas Capitol in Austin in August. Eric Gay/AP hide caption toggle caption Eric Gay/AP The Supreme Court has cleared the way for Texas to use its new congressional map that could help Republicans win five more U.S. House seats in the 2026 midterm election. The decision released Thursday boosts the GOP’s chances of preserving its slim majority in the House of Representatives amid an unprecedented gerrymandering fight launched by President Trump, who has been pushing Texas and other GOP-led states to redraw their congressional districts…

If you’re among the many Americans who lament that the pandemic housing boom passed you by, 2026 might finally be your moment.A new Redfin report predicts that next year will usher in what the company calls “The Great Housing Reset.” Researchers expect a multi-year stretch of slowly rising home sales and improved affordability, as incomes outpace home prices for the first sustained period since the Great Recession.Redfin forecasts that mortgage rates will gradually decline over the course of 2026 and that, by year’s end, the median home-sale price will be up just 1% from a year earlier. Existing-home sales —…

It’s that time of year. No, not the holidays. It’s the season of Spotify Wrapped — and, apparently, Many Other Things Wrapped.Spotify and other music streaming services, such as Apple Music, aren’t the only companies releasing wrapped services this year.YouTube launched its own “recap” feature to summarize all the creators and content you’ve consumed this year. Running app Strava plans to roll out a “Year in Sport” recap for its users next week. And last year, apps like Partiful, Duolingo, and even Asana partook in the data wrapping trend.Why do we care so much about seeing all of our personal…