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Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Business News

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 […]

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Tesla, GM lead record U.S. EV sales this year as federal incentives end

Tesla, GM lead record U.S. EV sales this year as federal incentives end

Business News

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,

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Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening

Business News

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

Elon Musk is telling his followers to cancel Netflix subscriptions. Here’s what’s happening Read More »

U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up

U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up

Technology News

Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI. Sopa Images | Lightrocket | Getty Images Artificial intelligence companies are the hottest ticket items in today’s startup ecosystem but the pace of change is dominated by developments at OpenAI and Anthropic.

U.S. model upgrades are pushing AI startups to move fast – it’s unclear if Europe can keep up Read More »

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs

Business News

Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl”

Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs Read More »

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

Business News

Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing. Oleg Breslavtsev | Moment | Getty Images 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

Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040 Read More »

Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO

Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO

Finance News

Vlad Tenev, chief executive officer of Robinhood Markets Inc., during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025. Bloomberg | Bloomberg | Getty Images The tokenization of real-world assets, from stocks to real estate, will spread to financial markets around the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev.  “Tokenization is

Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO Read More »

Microsoft launches AI and productivity software bundle for consumers

Microsoft launches AI and productivity software bundle for consumers

Technology News

Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company’s world-leading operating system. Jason Redmond | AFP | Getty Images Microsoft said Wednesday

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