Sean “Diddy” Combs’ lawyer makes closing argument, calls prosecution of music mogul a “fake trial”

Sean “Diddy” Combs was portrayed in his lawyer’s closing argument on Friday as the victim of an overzealous prosecution that tried to turn the recreational use of drugs and a swinger lifestyle into a racketeering conspiracy that could put the music mogul behind bars for life. Attorney Marc Angifilo mocked the government’s case against Combs and…

Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street ‘alarmed’ and ‘depressed’

To say Wall Street isn’t a fan of Zohran Mamdani would be an understatement. In fact, high-profile investors and business leaders in the Big Apple are up in arms about the stunning win by the democratic socialist in the primary to win the Democratic nomination to serve as the next New York City mayor. The three-term…

Andrew Cuomo concedes the New York City mayoral primary to Zohran Mamdani, who leads in the first-choice vote

New York City mayoral candidate and democratic State Representative Zohran Mamdani (L) and New York City mayoral candidate Andrew Cuomo (R). Angela Weiss | Afp | Getty Images State Assemblyman Zohran Mamdani is the leader as first-choice votes are tallied in the New York City Democratic mayoral primary, ahead of former New York Gov. Andrew…

Luxury credit card rivalry heats up as Amex, JPMorgan tease updates to their premier cards

Anna Barclay | Getty Images The long-running rivalry between the country’s top premium credit cards is about to heat up again. JPMorgan Chase announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived in 2016 — was imminent. In response, American Express…

Stablecoin issuer Circle prices IPO at $31 per share, above expected range, ahead of NYSE debut

Circle Internet Group, the issuer of one of the world’s biggest stablecoins, priced its initial public offering at $31 per share late Wednesday. That’s above the expected range of $27 to $28 and gives the company a total market value of $6.8 billion. New York-based Circle, its founder and some original shareholders will raise $1.05…

CNBC Sport: Pro sports team valuations are in a ‘bubble,’ says Redbird’s Gerry Cardinale

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. It took nine months, but I finally found a high-profile investor who says…

United Airlines plans to return to JFK — again — in new partnership with JetBlue

United Airlines has a new friend in Queens. The airline plans to return to New York’s John F. Kennedy International Airport again, this time through a new partnership with JetBlue Airways. The partnership, called Blue Sky, will allow the airlines to sell seats on each other’s sites and let JetBlue customers earn frequent flyer miles on United and…