Business

It’s well documented that Blockbuster’s video rental dominance spurred the launch of Netflix. What’s less known is it was also the catalyst for HBO’s pivot toward original programming, according to former HBO and Time Warner CEO Jeff Bewkes. HBO, which stands for Home Box Office, centered its original consumer proposition …

DETROIT – General Motors pulled ahead of Ford Motor to become the country’s second best-seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford, which was No. 2 last year, …

A Ford Lighting pickup is displayed outside the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters DETROIT – Ford Motor on Tuesday reported a roughly 10% increase in its quarterly U.S. sales, led by jumps in its critical F-Series …

NASA Administrator Bill Nelson, center, stands with the crew of the Artemis II mission, from left: Jeremy Hansen, Victor Glover, Reid Wiseman, and Christina Koch. NASA TV The National Aeronautics and Space Administration on Monday announced the four astronauts who will fly on the agency’s upcoming mission around the moon, …

Unexpectedly strong home sales at the start of this year reversed a sharp, several-month decline in home prices. Mortgage rates are behind the swing. Home prices nationally rose 0.16% in February, when seasonally adjusted, according to Black Knight. That is the strongest one-month gain since May of last year. Home …

World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images Vince McMahon has pinned down a two-year employment contract at World Wrestling Entertainment. The WWE chairman’s …

Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s closing price of $1.40. Shares fell more than 15% on Friday morning, …

Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What I want to do is get banking back where it ought to be, and that is boring,” Warren, D-Mass., said on CNBC’s “Squawk on the Street” Friday morning. “Banking is …

Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said …

A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen …