Rivian made a name for itself when it unveiled one of the first electric pickup trucks, the R1T, in 2018. It followed that up with an SUV built off the same platform, the R1S, and has since built a passionate fan base around a brand that celebrates adventure and the outdoors. Now it’s preparing for […]
Inside Rivian’s design factory and the story behind those distinct headlights Read More »
A person wearing an outfit inspired by The Eras Tour poses in front of “The Official Release Party of a Showgirl” posters at an AMC theater to celebrate the release of Taylor Swift’s new album “The Life of a Showgirl” in New York City, U.S., Oct. 3, 2025. Kylie Cooper | Reuters Taylor Swift gave
Modelo beer is displayed on a shelf at a Safeway store on Oct. 6, 2025 in San Anselmo, California. Justin Sullivan | Getty Images Modelo owner Constellation Brands beat on the top and bottom lines in its fiscal second-quarter earnings report on Monday and reiterated its lowered full-year guidance due to macroeconomic headwinds. Shares of
Constellation Brands reiterates lower full-year guidance Read More »
Nike‘s turnaround plan is showing early signs of progress, but it will “take a while” for the company to return to profitable growth, CEO Elliott Hill said in an interview with CNBC’s Sara Eisen aired Monday. “When we come to work we think about three brands, and then multiple sports under each brand and then
Nike’s turnaround will ‘take a while’ amid stock slump, CEO Elliott Hill says Read More »
Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Verizon announced on Monday that the board of directors has appointed former PayPal CEO Dan Schulman as the company’s new CEO. Schulman replaces Hans Vestberg, who had led the company since 2018. Shares of the
Verizon names former PayPal boss Dan Schulman as new CEO, replacing Hans Vestberg Read More »
Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace stock climbed 10% Monday premarket after the space company said it’s buying defense technology contractor SciTec for $855
Firefly Aerospace leaps 10% after buying defense tech firm for $855 million Read More »
Alistair Berg | Digitalvision | Getty Images Online holiday spending in the U.S. is expected to jump 5.3% year over year to $253.4 billion as consumers seek discounts and even enlist the help of artificial intelligence-powered chatbots, according to an Adobe Analytics report released Monday. Yet that growth would still be slower than the year-ago
Online holiday spending growth set to slow to 5.3% as shoppers seek discounts Read More »
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
Detroit auto stocks jump on report of tariff relief for U.S. vehicles Read More »
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,
Tesla, GM lead record U.S. EV sales this year as federal incentives end Read More »
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
