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Cadillac expects one of every three vehicle sales to be EVs in 2025

Cadillac expects one of every three vehicle sales to be EVs in 2025

Business News

2025 Cadillac Escalade IQ Michael Wayland / CNBC SAN FRANCISCO — Cadillac expects roughly one of every three vehicles it sells in the U.S. this year to be all-electric models, as the automaker continues to expand its EV lineup despite industrywide slower-than-expected adoption of the vehicles. The General Motors luxury brand is expected to offer […]

Cadillac expects one of every three vehicle sales to be EVs in 2025 Read More »

Boeing Starliner astronauts who were supposed to be in space for nine days returning to Earth after nine months on ISS

Boeing Starliner astronauts who were supposed to be in space for nine days returning to Earth after nine months on ISS

Business News

NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA The two U.S. astronauts who had been at the International Space Station for nine months after their faulty Boeing Starliner capsule returned without them are finally heading home. NASA astronauts Butch Wilmore and

Boeing Starliner astronauts who were supposed to be in space for nine days returning to Earth after nine months on ISS Read More »

Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise

Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise

Business News

Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise.  The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for

Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise Read More »

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

Business News

Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm Read More »

Goodbye to ‘bags fly free’ on Southwest, the last airline freebie in America

Goodbye to ‘bags fly free’ on Southwest, the last airline freebie in America

Business News

Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois. Scott Olson | Getty Images Almost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more than 50 years, American consumers could count on Southwest Airlines letting them check bags

Goodbye to ‘bags fly free’ on Southwest, the last airline freebie in America Read More »

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns

Business News

Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024.  Kevin Lamarque | Reuters It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns Read More »

Ulta issues weak guidance, signaling even the beauty industry is slowing down

Ulta issues weak guidance, signaling even the beauty industry is slowing down

Business News

An exterior view of an Ulta Beauty store at the Monroe Marketplace Shopping Center.  Paul Weaver | SOPA Images | Lightrocket | Getty Images Even the beauty industry is expecting a weak 2025.  Ulta Beauty on Thursday gave worse full-year profit and revenue guidance than Wall Street expected, after reporting holiday-quarter results that beat analyst

Ulta issues weak guidance, signaling even the beauty industry is slowing down Read More »

DC housing market shows signs of cracks amid mass federal layoffs

DC housing market shows signs of cracks amid mass federal layoffs

Business News

The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com. Inventory gains in the region, which includes the District as well as Maryland and Virginia suburbs, began to accelerate in January and February, up

DC housing market shows signs of cracks amid mass federal layoffs Read More »

Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says

Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says

Business News

Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines. Earlier this week, Southwest shocked customers by announcing it will start charging for checked bags for the

Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says Read More »

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