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As Ford loses billions on EVs, the company embraces hybrids
31/07/2023

As Ford loses billions on EVs, the company embraces hybrids

Ford's hybrid hype runs counter to recent messaging from the Detroit automakers, which have touted the performance and popularity of all-electric favorites.

The fight over a bill targeting credit card fees pits payment companies against retailers
31/07/2023

The fight over a bill targeting credit card fees pits payment companies against retailers

Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year.

Space Force raises the stakes as rocket companies compete for lucrative military missions
24/07/2023

Space Force raises the stakes as rocket companies compete for lucrative military missions

The U.S. military plans to buy even more rocket launches from companies in the coming years than previously expected.

‘Barbenheimer’ tops $235 million in domestic debut, eyes second-highest box office weekend ever
24/07/2023

‘Barbenheimer’ tops $235 million in domestic debut, eyes second-highest box office weekend ever

"Barbenheimer" exploded over the weekend, generating an estimated $235.5 million in ticket sales and reinvigorating the domestic box office.

HDFC Bank director says Indian mega merger won’t face ‘insurmountable challenges’
04/07/2023

HDFC Bank director says Indian mega merger won’t face ‘insurmountable challenges’

The merger between India's HDFC Bank and HDFC will provide more opportunities for cross-selling, according to HDFC Bank's non-executive director.

China’s Xi says countries share responsibility to promote growth, opposes decoupling
04/07/2023

China’s Xi says countries share responsibility to promote growth, opposes decoupling

Chinese President Xi Jinping said Beijing opposes "decoupling and breaking links," according to a CNBC translation of a Chinese-language state media readout.

Stocks making the biggest moves before the bell: Starbucks, CarMax, Virgin Galactic and more
23/06/2023

Stocks making the biggest moves before the bell: Starbucks, CarMax, Virgin Galactic and more

These are the stocks posting the largest moves in premarket trading.

Goldman Sachs faces big writedown on CEO David Solomon’s ill-fated GreenSky deal
23/06/2023

Goldman Sachs faces big writedown on CEO David Solomon’s ill-fated GreenSky deal

The turbulence marks the latest fallout from CEO David Solomon's decision to exit most of Goldman's consumer efforts.

Stellantis to reveal its first Europe-made affordable electric vehicle
16/06/2023

Stellantis to reveal its first Europe-made affordable electric vehicle

Stellantis will reveal its first European-made, affordable electric car in mid-October.

Retailers are preparing for a discount-heavy, down holiday season: CNBC survey
16/06/2023

Retailers are preparing for a discount-heavy, down holiday season: CNBC survey

Inflation may be down, but consumer demand is soft, retailers aren't placing big orders for peak season, and they expect discounts will be needed: CNBC survey.

CNN CEO Chris Licht out after Trump town hall fallout, brutal Atlantic article
08/06/2023

CNN CEO Chris Licht out after Trump town hall fallout, brutal Atlantic article

Chris Licht is out at CNN after leading the news network for a little more than a year.

Used car prices are falling as sales soften amid high interest rates
08/06/2023

Used car prices are falling as sales soften amid high interest rates

Cox Automotive reported a 2.7% decline from April to May in its used vehicle index, which tracks vehicles sold at its U.S. wholesale dealership auctions.

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