Month: May 2025
Cadillac’s EVs are attracting new buyers, including more customers trading in Teslas
A Cadillac all-electric 2025 Escalade IQ luxury SUV is displayed during press day of the North American International Auto Show in Detroit, Michigan, September 14, 2023. Rebecca Cook | Reuters DETROIT — Cadillac’s expanding all-electric vehicle lineup is attracting a notable number of new buyers to the American luxury brand, including an increase this year […]
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Elon Musk commits to leading Tesla for next five years
Elon Musk, chief executive officer of Tesla Inc., speaks via video link at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Bloomberg | Bloomberg | Getty Images Tesla CEO Elon Musk on Tuesday committed to leading the electric-vehicle-maker for the next five years. “Yes, no doubt about that at all,” […]
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Qatari PM denies jumbo jet gift to Trump is bribery
U.S. President Donald Trump and Qatar’s Emir Tamim bin Hamad Al Thani meet in Doha, Qatar, on May 14, 2025. Brian Snyder | Reuters Qatar’s prime minister on Tuesday denied accusations that Doha’s offer of an estimated-$400 million Boeing 747 jet to U.S. President Donald Trump was an attempt to curry favor with the White […]
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Stocks making the biggest moves premarket: Home Depot, Amer Sports, Viking Holdings & more
Check out the companies making headlines in premarket trading. Home Depot — The home improvement retailer gained 2.4% after it stuck by its guidance for the full year . CFO Richard McPhail also told CNBC Home Depot doesn’t plan to increase prices due to tariffs. Viking Holdings — Shares of the cruise line fell 5.6% […]
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D-Wave Quantum shares soar 20% as company releases latest computing system
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images D-Wave Quantum’s latest quantum computing system has hit the market, the company said Tuesday. Shares popped more than 18%. The quantum computer, known as Advantage2, marks its sixth iteration and most advance system, the company said. D-Wave said the computer offers a 40% boost in […]
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Here’s JPMorgan’s summer reading list for the wealthy for 2025
Along with the list of 16 books, and increase from prior lists, which had 10, this year’s summer reading list also includes suggested summer experiences, from the Dataland exhibit at The Grand LA, to the SailGP racing series and the Hill Family Estate in Napa, California. “Life in Three Dimensions: How Curiosity, Exploration, and Experience […]
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Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line
Tom Brady attends Fanatics Fest NYC 2024 at Jacob Javits Center in New York City on Aug. 16, 2024. Dave Kotinsky | Getty Images Entertainment | Getty Images Sports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming marketing event. The company announced Tuesday it is introducing […]
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Retail investors bought the most stocks for a morning ever on Monday after Moody’s downgrade
Retail buyers came out in full force in the trading session following Moody’s downgrade of the U.S. credit rating, continuing their dip-buying pattern throughout recent volatility. Individual investors bought a net $4.1 billion worth of stocks on Monday from the open through 12:30 p.m. ET, the largest level ever for the time of day and […]
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Levi Strauss to sell Dockers to brand management firm Authentic Brands Group
The Levi’s brand logo on a store. Jens Kalaene | Picture Alliance | Getty Images Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, […]
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Chinese businesses stick to diversifying away from the U.S. despite trade truce, survey shows
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on […]
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