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Saks Global struggles to line up financing as potential bankruptcy filing looms

Saks Global struggles to line up financing as potential bankruptcy filing looms

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Pedestrians walk past a Saks Fifth Avenue store on Dec. 30, 2025 in Chicago, Illinois. Scott Olson | Getty Images Beleaguered retail chain Saks Global is struggling to line up as much as $1 billion in financing to keep its business afloat during a potential Chapter 11 bankruptcy filing, CNBC has learned.  The luxury chain […]

Saks Global struggles to line up financing as potential bankruptcy filing looms Read More »

GM to record .1 billion in fourth-quarter charges due to EV pullback, China restructuring 

GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring 

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GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that

GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring  Read More »

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate

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A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT – Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Thursday

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate Read More »

Inside Wealth: California’s controversial wealth tax proposal leaves billionaires with little way out

Inside Wealth: California’s controversial wealth tax proposal leaves billionaires with little way out

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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 and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could

Inside Wealth: California’s controversial wealth tax proposal leaves billionaires with little way out Read More »

Ford enters race to offer eyes-off driving tech, starting with ,000 EV in 2028

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028

Business News

Jim Farley, president and chief executive officer of Ford, speaks at the Ford Motor Co.’s Kentucky Truck Plant to launch the 2025 Ford Expedition, in Louisville, Kentucky, April 30, 2025. Carolyn Kaster | AP Ford Motor plans to introduce eyes-off driving technology on an upcoming $30,000 all-electric vehicle in 2028, the Detroit automaker announced Wednesday.

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028 Read More »

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs

Business News

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images Avelo Airlines will stop flying deportation flights for the U.S. government and will also cut commercial routes and reduce

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs Read More »

RFK Jr. announces new nutrition guidelines, pushing more protein and less processed food

RFK Jr. announces new nutrition guidelines, pushing more protein and less processed food

Business News

Secretary of Health and Human Services Robert F. Kennedy Jr. speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on Jan. 7, 2026. Mandel Ngan | AFP | Getty Images Health and Human Services Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins on Wednesday shared

RFK Jr. announces new nutrition guidelines, pushing more protein and less processed food Read More »

Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away

Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away

Technology News

Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Tesla CEO Elon Musk said Tuesday that it will take several years

Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away Read More »

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