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Cadillac unveils ‘Elevated Velocity’ electric crossover concept car

Cadillac unveils ‘Elevated Velocity’ electric crossover concept car

Business News

The Cadillac Elevated Velocity concept car. Courtesy: Cadillac General Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment. The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance […]

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Walmart expands grocery discount for 1.6 million employees as tariffs renew inflation concerns

Walmart expands grocery discount for 1.6 million employees as tariffs renew inflation concerns

Business News

Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty Images As tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees. The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all

Walmart expands grocery discount for 1.6 million employees as tariffs renew inflation concerns Read More »

Mediterranean chain Cava lowers forecast after disappointing same-store sales growth

Mediterranean chain Cava lowers forecast after disappointing same-store sales growth

Business News

Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6%

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FDA may pull authorization of Pfizer’s Covid vaccine for children under 5

FDA may pull authorization of Pfizer’s Covid vaccine for children under 5

Business News

A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois, Dec. 30, 2021. Brian Cassella | Tribune News Service | Getty Images The Food and Drug Administration is weighing revoking its authorization of Pfizer‘s Covid-19 vaccine for healthy children under the age of 5, the

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SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites

SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites

Business News

Jaque Silva | Lightrocket | Getty Images Satellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX. The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that

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Quantum computing could be commercial real estate’s next big tailwind

Quantum computing could be commercial real estate’s next big tailwind

Business News

Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities

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Aaron Rodgers-backed startup aims to be the IMDb for pro athletes

Aaron Rodgers-backed startup aims to be the IMDb for pro athletes

Business News

Aaron Rodgers, #8 of the Pittsburgh Steelers, in action during Minicamp at UPMC Rooney Sports Complex in Pittsburgh, Pennsylvania, on June 10, 2025. Justin K. Aller | Getty Images Sport | Getty Images NFL quarterback Aaron Rodgers is backing a startup that hopes to make athletes more accessible to companies, charities and sponsors. AthleteAgent.com launched

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Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

Business News

On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam.  The buzzy sneaker brand, which has been credited with taking market share from Nike,

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs Read More »

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