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Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Business News

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – Shares of the Detroit automakers closed higher Friday […]

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Tesla, GM lead record U.S. EV sales this year as federal incentives end

Tesla, GM lead record U.S. EV sales this year as federal incentives end

Business News

DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids,

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Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Business News

Elon Musk stands in the Oval Office to attend a press event with U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk this week urged his followers to cancel their Netflix subscriptions over a controversy surrounding an animated show and its creator. Musk

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening Read More »

Property tech ‘winter’ is over, but climate investment is still struggling, says Fifth Wall CEO

Property tech ‘winter’ is over, but climate investment is still struggling, says Fifth Wall CEO

Business News

Fifth Wall co-founder and CEO Brendan Wallace. Courtesy of Fifth Wall A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign

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Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs

Business News

Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl”

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs Read More »

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Business News

Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing. Oleg Breslavtsev | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor

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Government shutdown means opportune timing for Neptune Flood IPO

Government shutdown means opportune timing for Neptune Flood IPO

Business News

The timing of Neptune Insurance Holdings’ IPO couldn’t be more opportune. Neptune, the nation’s largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol “NP.” The company sold more than 18 millions shares in its initial public offering at $20 apiece. The company’s first trade comes just as the

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States sue Zillow, Redfin for alleged antitrust violation in online rental housing

States sue Zillow, Redfin for alleged antitrust violation in online rental housing

Business News

Rafael Henrique | Lightrocket | Getty Images Attorneys general from five states sued Zillow and Redfin on Wednesday, alleging the companies schemed to stop competition in the online housing rental market. The lawsuit follows a similar one filed by the Federal Trade Commission on Tuesday. Officials from New York, Arizona, Connecticut, Washington and Virginia jointly

States sue Zillow, Redfin for alleged antitrust violation in online rental housing Read More »

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