A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due […]
Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs Read More »
Disney posted fiscal second-quarter earnings Wednesday that beat on the top and bottom lines, boosted by better-than-expected subscriber growth for its Disney+ streaming platform. The company upped some of its fiscal 2025 guidance and posted revenue growth in all three of its business segments. It separately announced a new theme park and resort in Abu
Disney reports surprise uptick in streaming subscribers, beats on top and bottom lines Read More »
A new Disney theme park is coming to Abu Dhabi. The Walt Disney company announced Wednesday that it has reached an agreement with immersive destination and experiences company Miral to bring a park and resort to Yas Island in the United Arab Emirates. This will be Disney’s seventh theme park resort and it will be fully
Disney announces an Abu Dhabi theme park and resort Read More »
Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | Reuters Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report. Here’s how Uber did versus
Uber misses revenue expectations with trips up 18% over last year Read More »
There’s a new warehouse robot at Amazon that has a sense of touch, allowing it to handle a job previously only done by humans. Amazon unveiled the robot, called Vulcan, Wednesday at an event in Germany. CNBC got an exclusive first look at Vulcan in April, as it stowed items into tall, yellow bins at
Amazon says new warehouse robot can ‘feel’ items, but won’t replace workers Read More »
Visitors play the EA Sports FC 25 game in front of a placard with England’s midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany, on Aug. 21, 2024. Ina Fassbender | AFP | Getty Images Electronic Arts topped fiscal fourth-quarter bookings
EA tops fourth-quarter bookings as CEO touts ‘Battlefield’ reveal Read More »
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump’s tariffs, but the company is also reconfirming its earnings expectations for the year.
Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures Read More »
Igor Golovniov | Lightrocket | Getty Images The Philadelphia home of the NBA’s 76ers and NHL’s Flyers is getting a new name. Beginning in September the sports and entertainment venue in South Philadelphia will be named the Xfinity Mobile Arena, rebranding from the current Wells Fargo Center. The new name will remain through the 2030-2031
Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena Read More »
One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys. “We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” Tuesday, less than a day after the company
Mattel CEO says toy manufacturing won’t come to America, but price hikes will Read More »
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Doordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that missed expectations. Shares fell about 4% following the news. Here’s how the
Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations Read More »
