The investors are looking to raise $5 billion to start a basketball league that could offer players equity to potentially lure them away from the NBA.

LIV Golf announced a media rights agreement with Fox Sports to broadcast the pro golf tour to U.S. viewers just one day after naming a new CEO.

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

Blue Origin launched its towering New Glenn rocket for the first time early Monday, in a crucial milestone for Jeff Bezos' space company.

While bank stocks have been supported by enthusiasm for rising deal activity, it was actually the trading side that helped Morgan Stanley more in the quarter.

The big-box retailer's report indicates that deals and promotional events motivated shoppers.

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.

Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.

The Department of Transportation has sued Southwest Airlines, alleging the carrier operated chronically delayed flights.

The Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.

Bristol Myers Squibb plans to release initial late-stage trial data on Cobenfy in Alzheimer's-related psychosis during the latter part of the year.

The lander of Texas-based rocket and spacecraft builder Firefly Aerospace has begun a 45-day trip to the moon.

Full-year ticket sales were down just 3.4% from 2023, reaching $8.74 billion, a far cry from the nearly 27% shortage seen at the midway point of 2024.

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.

Boeing delivered 348 airplanes in 2024, less than half of rival Airbus's deliveries.

Eli Lilly shares dropped after the drugmaker cut its 2024 revenue guidance, citing lower-than-expected demand for its obesity and diabetes drugs.

The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.