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Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump’s tariffs, but the company is also reconfirming its earnings expectations for the year.

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures Read More »

Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena

Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena

Igor Golovniov | Lightrocket | Getty Images The Philadelphia home of the NBA’s 76ers and NHL’s Flyers is getting a new name. Beginning in September the sports and entertainment venue in South Philadelphia will be named the Xfinity Mobile Arena, rebranding from the current Wells Fargo Center. The new name will remain through the 2030-2031

Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena Read More »

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit Read More »

Mattel CEO says toy manufacturing won’t come to America, but price hikes will

Mattel CEO says toy manufacturing won’t come to America, but price hikes will

One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys. “We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” Tuesday, less than a day after the company

Mattel CEO says toy manufacturing won’t come to America, but price hikes will Read More »

Hispanic shoppers are spending less on groceries, putting pressure on consumer companies

Hispanic shoppers are spending less on groceries, putting pressure on consumer companies

Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown

Hispanic shoppers are spending less on groceries, putting pressure on consumer companies Read More »

Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown

Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown

People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays

Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown Read More »

Trump signs order to boost domestic drug manufacturing as pharma tariff threat looms 

Trump signs order to boost domestic drug manufacturing as pharma tariff threat looms 

US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Monday signed an executive order to incentivize drug manufacturing in the U.S., streamlining the path for pharmaceutical companies to build

Trump signs order to boost domestic drug manufacturing as pharma tariff threat looms  Read More »

Ford suspends 2025 guidance amid .5 billion tariff impact

Ford suspends 2025 guidance amid $2.5 billion tariff impact

The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT – Ford Motor beat Wall Street’s first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from President Donald Trump’s tariffs. The Detroit automaker said it expects to offset

Ford suspends 2025 guidance amid $2.5 billion tariff impact Read More »

FanDuel Sports Network touts streaming subscriber growth for regional games

FanDuel Sports Network touts streaming subscriber growth for regional games

The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers. FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight weeks. The company expects to reach one million direct-to-consumer customers by the end of the year.

FanDuel Sports Network touts streaming subscriber growth for regional games Read More »

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