Citadel to return $5 billion in profit to investors, source says
The firm's flagship multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said. ...
Economy
Fed chair candidate Hassett says U.S. is way behind the curve on lowering interest rates
Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation. ...
Paramount guarantees Larry Ellison backing in amended WBD bid
Paramount notably did not increase its bid on Monday, reiterating that it believes the deal is superior to Netflix's. ...
The NBA is pursuing ownership groups for a potential basketball league in Europe
The NBA is exploring the launch of a new professional men’s league in Europe in partnership with FIBA. ...
Alphabet to acquire data center and energy infrastructure company Intersect
Alphabet said the acquisition will help bring more data center and generation capacity online faster. ...
Why Warner Bros. Discovery shareholders might opt for Paramount’s offer — and why they might not
WBD shareholders must weigh pros and cons of tendering their shares to Paramount for $30 per share. CNBC lays out…
Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 5%
Interior Secretary Doug Burgum said the administration paused the projects due to national security concerns identified by the Pentagon. ...
CNBC’s Official College Sports Valuations 2025: Top 75 athletic programs
The programs are worth a combined $51.22 billion, 13% more than the top 75 in last year's rankings. ...
Roomba’s bankruptcy may wreck a lot more than one robot vacuum maker
Roomba's bankruptcy should serve as a warning sign to many small companies that big tech may not be able to…