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

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 […]

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Intel stock rises after Trump touts ‘very successful’ CEO, applauds government’s investment

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Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel shares rose 2% in extended trading on Thursday after President Donald Trump posted a flattering message on social media about the chipmaker

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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

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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

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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

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Trump’s defense spending plans, Venezuelan oil, Ford’s eyes-off driving push and more in Morning Squawk

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This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you can’t already tell from reading this newsletter, I’m a big cliché user. So with the S&P 500‘s first losing day of the year, maybe traders can seek solace from the age-old saying: It’s a marathon, not a sprint.

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Microsoft revealed as company behind controversial data center proposal in Michigan township

Technology News

Microsoft CEO Satya Nadella speaks during the Future Decoded Tech Summit in Bengaluru, India, on Feb. 25, 2020. Microsoft will open a new data-center region in Spain, expanding their strategic partnership with Telefonica SA, according the the statement by Telefonica. Samyukta Lakshmi | Bloomberg | Getty Images Microsoft has identified itself as the mystery company

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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.

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JPMorgan Chase reaches deal to become Apple credit card issuer, source says

Business News

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images JPMorgan Chase has reached a deal to take over the Apple credit card from its original issuer, Goldman Sachs, according to a person with knowledge of the

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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

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