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CNBC

CNBC

Broadcast Media Production and Distribution

Englewood Cliffs, NJ 3,001,523 followers

About us

Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.

Website
http://www.cnbc.com
Industry
Broadcast Media Production and Distribution
Company size
501-1,000 employees
Headquarters
Englewood Cliffs, NJ
Type
Public Company
Specialties
Financial News, Stocks, Market Updates, Merger and Acquisitions, Investing Tools, Business News, Earnings, World Market News, Career, Entrepreneurship, Business, Finance, Markets, News, and Journalism

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Employees at CNBC

Updates

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    3,001,523 followers

    Fears of a corporate exodus from New York City are likely to be a recurring feature of New York City Mayor Zohran Mamdani's term, with each business real estate decision magnified as a potential tipping point signal that the Democratic Socialist's tax, real estate and wealth policies are pushing businesses away. The debate was amplified last week amid reports that private equity giant Apollo Global Management was planning to add a second headquarters outside New York City, in a southern U.S. state like Florida or Texas. Since being elected, Mamdani's administration has said it will look at every viable option to help raise revenue and fill a $5.4 billion budget deficit for the city, but his preference has not changed from what he ran on: "tax the rich." That has resulted in a political standoff with New York State Governor Kathy Hochul, who facing her own reelection campaign, has said she will not approve increased taxes on corporations and the wealthy.

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    Delta Air Lines has tapped Amazon Leo to provide fast internet service on hundreds of jets starting in 2028, the latest salvo in airlines’ in-flight Wi-Fi and streaming wars. Amazon Leo, which stands for low Earth orbit, is offering satellite Wi-Fi, which Delta says will initially be available on 500 of its aircraft. Delta will start with domestic-focused, narrow-body planes from Boeing and Airbus. The airline also uses Hughes and Viasat for in-flight Wi-Fi. More details: cnb.cx/41NTykQ

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    It pinches here; drags there; the draping is wrong. These are some of the examples of the feedback a new crop of artificial intelligence apps might give a prospective customer trying on clothing ahead of a purchase, and in the process reduce the chances of a product being returned to a store. Fashion retailers are increasingly turning to AI to solve the issue of rising product returns, a persistent drag on profitability and something many in the industry refer to as the industry's "silent killer". A growing number of AI start-ups have emerged to provide virtual try-on technology, allowing potential customers to visualize fit and style before they buy.

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    Shahezad Contractor’s initial aim in starting his halal burger business was simple: “I wanted more halal options.” Now, with eight locations across the Northeast, he has much bigger dreams for Cousin’s Burger, the halal restaurant chain he launched in 2024. Contractor, 44, is the founder and CEO of Cousin’s Food Inc., a halal restaurant group based in Philadelphia. Along with Cousin’s Burger, Contractor also owns a halal pizza shop, Cousin’s Pizza, and a halal barbecue joint, Cousin’s Smokehouse and Burgers. Learn how Contractor built his restaurants into what they are today: cnb.cx/41mXxoF

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    For a growing share of new-car buyers with a vehicle to trade in, an unwelcome part of their old loan follows them in their new purchase: negative equity. An estimated 30.5% of car buyers with a trade-in owe more than the car is worth, according to J.D. Power’s automotive forecast for March. It’s also known as being underwater on your loan or upside down. More details: cnb.cx/4bFmEZG

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    Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. Rep. Seth Moulton, D-Mass., decried the Polymarket page that allowed users to bet on which day the U.S. would confirm the rescue of the two airmen after an American F-15E fighter jet was shot down over Iran. The lawmaker called the page "DISGUSTING" in an X post. "They could be your neighbor, a friend, a family member," Moulton wrote on Friday. "And people are betting on whether or not they'll be saved." The Morning Squawk newsletter by Alex Harring is your rundown of five things to know before the stock market opens. Subscribe here to get access today.

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    More women are entering the wealth management industry, but they have yet to gain ground in client-facing advisory roles, according to a recent study by private wealth intelligence platform Fintrx. While the data shows improvement in the industry’s gender gap, the nuance is still notable. Revenue-generating roles are generally better paid and more conducive to leadership roles, according to Fintrx Vice President of Data and Research Emily Goldman. Read the full story: cnb.cx/4d8iY3U

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    Nick Friedman, co-founder of Tampa-based College Hunks Hauling Junk and Moving, says his business has been facing multiple headwinds. High mortgage rates have dampened the real estate market, while rising insurance premiums are eating into operating costs. Now there's the U.S.-Iran war and a surge in diesel fuel prices that is eating into profit margins. Yet, he doesn't feel like he can raise prices. "We are in a bit of a Catch-22," said Friedman. "Our fear would be if we start raising prices it will hurt our customers." Bigger companies, he says, can probably get away with adding fees. As rapidly rising fuel costs are cascading across the American economy, that is exactly what some are doing.

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