business

Terry Duffy, CEO of CME Group, will step down in 2027, transitioning to executive chairman, with Lynne Fitzpatrick set to succeed him as CEO. This leadership change is significant as it marks the end of Duffy's transformative 25-year tenure at the company.

Carvana is expanding its online vehicle sales strategy to include new cars, utilizing franchised dealerships primarily as service and test drive centers rather than traditional sales locations. This innovative approach could disrupt the conventional dealership model and enhance Carvana's market share in the automotive sector.

CNBC's decision to simulcast 11 WNBA games this season marks a significant expansion for the league and the network, aiming to attract a wealthier audience and enhance viewership options for fans.

Fox Corp.'s unexpected $22 billion acquisition of Roku has raised concerns among investors, leading to a significant drop in Fox's stock price, despite analysts highlighting the strategic advantages of the deal.

A new affordable housing bill is set to limit major investors to purchasing a maximum of 350 single-family homes, aiming to increase housing supply and curb private equity's influence in the market. This legislation is expected to pass through Congress swiftly, highlighting a significant shift in regulatory attitudes towards private equity investments in housing.