Mark Cuban and Todd Wagner came up with an idea to stream basketball games on the internet over lunch in 1995. Four years later, they sold it for $5.7 billion.
Category: Finance News
IRS Commissioner Werfel: Millionaires and billionaires evade more than $150 billion a year in taxes
CNBC’s Robert Frank reports on a recent crackdown from the IRS.
Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown on wealthy taxpayers, partnerships and large companies.
IRS to begin ‘dozens of new audits’ of corporate jets in crackdown of corporations, higher earners
CNBC’s Robert Frank joins ‘Squawk Box’ to report on the latest news from the IRS.
Stocks making the biggest moves before the bell: Nvidia, Moderna, Rivian, Etsy and more
These are the stocks posting the largest moves in premarket trading.
IRS Commissioner Danny Werfel on taxing the wealthy, restoring fairness and utilizing AI
CNBC’s Robert Frank sits down for a wide-ranging interview with IRS Commissioner Danny Werfel, discussing tax on the wealthy, corporate jet audits, AI, and more.
Turkey holds interest rate at 45% for first time after 8 months of hikes
Turkey’s central bank held its key interest rate on Thursday, despite soaring inflation, after eight consecutive months of hikes.
Mercedes-Benz shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.
Chinese tourists are fueling a recovery in Asia-Pacific’s travel industry — flight bookings set to climb to pre-pandemic levels
Travel demand in Asia-Pacific is “a little bit shy” of returning to 2019 levels and is expected to hit pre-pandemic levels this year, said Willie Walsh, director general of the IATA.
Stocks making the biggest moves after hours: Nvidia, Etsy, Rivian, Lucid Group and more
Check out the companies making headlines in extended trading.