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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.Despite its name, Schneider Electric does not generate electricity. It is an energy management company, mixing electrification and digitization together so customers know exactly where their energy is consumed and can optimize their energy usage in real time. It’s the largest energy management provider for data centers, which represent about…

Breanna Stewart, #30 of the New York Liberty, dribbles the ball against Napheesa Collier, #24 of the Minnesota Lynx, in the fourth quarter during Game Three of the WNBA Finals at Target Center in Minneapolis, Minnesota, on Oct. 16, 2024.David Berding | Getty ImagesVersant has signed a new 11-year media deal with the Women’s National Basketball Association, the company announced Tuesday.The agreement kicks off for the 2026 season and includes at least 50 WNBA games annually and portions of playoff and finals games during select years, the company said.Versant, the parent company of cable networks and brands soon to be…

Nike on Tuesday posted surprise sales growth in its fiscal first quarter, but the sneaker giant still has work ahead to execute its turnaround.The company said revenue rose 1% in the three months ended Aug. 31, after previously saying it anticipated sales would fall by a mid-single digit percentage in the period.Still, Nike’s profits fell 31% while gross margin dropped 3.2 percentage points to 42.2% during the quarter — a warning sign to investors that its efforts to clear through old inventory are still ongoing.In a press release, finance chief Matt Friend warned that “progress will not be linear.””I’m encouraged…

President Donald Trump displays the OBBBA during the signing ceremony.Kent Nishimura/Bloomberg Although optimism among finance leaders has risen by 12 percentage points to 51% from 39% in the last quarter, they are still confronting new tax legislation, persistent tariff volatility and rising integration of artificial intelligence, according to a new survey. In part, the rise in confidence may be an effect of the passing of the new tax legislation, with the opportunity to model and plan based on concrete rules.The results of Grant Thornton’s Q3 2025 CFO Survey also revealed double-digit increases in confidence from the previous quarter across key…

James Farley, CEO, Ford speaks onstage during the Reindustrialize Conference 2025 on July 16, 2025 in Detroit, Michigan. Tasos Katopodis | Getty ImagesDETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.Farley on Tuesday said he “wouldn’t be surprised” if sales of EVs fell from a market share of around 10% to 12% this month — which is expected to be a record — to 5% after the incentive program ends.”I think it’s going to be a vibrant industry, but…

The AI boom is a “bubble” driven by the “momentum” of soaring stocks like Nvidia, fund manager Bill Smead has said.”Dogs chase cars, and people chase stocks,” Smead Capital Management’s founder and chief investor told Business Insider in an interview.Nvidia shares have surged 12-fold since the start of 2023, supercharging the AI chipmaker’s market value to an unprecedented $4.4 trillion.Palantir shares have soared 28-fold over the same period, valuing the maker of AI-powered data-analysis software at around $420 billion.”We’re in the crazy stage,” Smead said, giving the example of CoreWeave, which generated $1.2 billion of revenue last quarter but has…

U.S. President Donald Trump announces a deal with Pfizer to lower Medicaid drug prices in the Oval Office of the White House on Sept. 30, 2025 in Washington, DC.Win McNamee | Getty ImagesPresident Donald Trump on Tuesday announced an agreement with Pfizer to voluntarily sell its medications for less, as his administration pushes to link U.S. drug prices to cheaper ones abroad.Pfizer has agreed to take measures to reduce U.S. drug prices, including selling its existing drugs to Medicaid patients at the lowest price offered in other developed nations, or what Trump calls the most-favored-nation price, according to the president.…

Tax solutions provider Avalara announced the launch of its new Agentic Tax and Compliance platform, which hosts intelligent AI agents that can automate tasks across the entire compliance lifecycle. These agents will be distributed throughout Avalara’s products, representing a major change in what is going on under the hood in its various solutions.”The most trusted AI breakthroughs are purpose-built,” said Scott McFarlane, CEO and co-founder of Avalara in a statement. “Just as Harvey AI transformed legal workflows and PathAI redefined diagnostics, Avalara is now setting the standard as the domain-specialized leader in agentic tax and compliance.”This is part of a…

A few years ago, my husband and I turned to gestational surrogacy to grow our family. It could cost tens of thousands of dollars, so we wanted to lower our living expenses while saving for it.Meanwhile, my mother-in-law, who had lost her husband a few years back, was living alone in a four-bedroom house. “I have all this space and I would love to have you all so close,” she’d said.So, our small family rented out our apartment and moved in with her. For me, this was a dream come true. Though many shows and movies portray relationships with mother-in-laws…

Good morning! A famous YouTuber canceled a reservation for a Tesla Roadster nearly eight years after he made it. Marques Brownlee, also known as MKBHD, discussed on his podcast why he dropped one of his two reservations for the car and the challenging process he faced getting some of his $50,000 deposit back.Another friendly reminder to subscribe to our upcoming money newsletter, First Trade.In today’s big story, fintech wunderkind Charlie Javice didn’t get much leniency on her prison sentence. That could say a lot about future deals in the space.What’s on deck:Markets: How to cash in on M&A’s revival.Tech: The…