Business
New cars are increasingly becoming a luxury amid K-shaped economy concerns
A General Motors Co. Chevrolet Blazer electric vehicle at a dealership in Colma, California, Jan. 23, 2026. David Paul Morris | Bloomberg | Getty Images DETROIT — American consumers are hitting a fork in the road when it comes to the U.S. automotive industry. Affluent buyers are purchasing new vehicles at increasingly higher prices, while […]
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Giving to donor-advised funds surges on expiring tax cuts and a hot stock market
Douglas P Sacha | 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 and consumer. Sign up to receive future editions, straight to your inbox. Strong stock market returns and tax reform gave a boost to charitable giving in 2025, according to […]
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American Airlines to fly to Venezuela for first time since 2019, marking return of U.S. service
An American Airlines airplane arrives at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Ronen Tivony | Nurphoto | Getty Images American Airlines is planning to resume service to Venezuela from the United States for the first time since 2019, weeks after the U.S. captured Venezuela’s president. American would be the first U.S. carrier to […]
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Starbucks to reintroduce tiers to loyalty program to encourage more visits
Starbucks is reintroducing tiers to its North American loyalty program in a bid to encourage coffee drinkers to visit more frequently as part of its broader turnaround strategy. The company made the announcement on Thursday at its investor day. Executives across the business are sharing more details on the company’s plans to drive future sales […]
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Comcast posts mixed quarter as broadband pressures weigh on business
Comcast posted mixed results for its fourth quarter on Thursday, beating analyst expectations on earnings but slightly missing on revenue. Once again, Comcast’s broadband business showed signs of significant competition facing cable companies. Comcast said it lost 181,000 domestic broadband customers during the period, although it said the losses were offset by an increase in […]
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GM’s ability to balance profits, politics under Trump paying off for investors
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC DETROIT — General Motors is proving to be a star tightrope walker when it comes to balancing its profits, […]
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How investment firms of the ultra-rich partner with PE funds to find top deals and save on fees
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. Many investment firms of ultra-rich families are keen to buy stakes in private companies directly rather than through private equity funds, which come […]
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Starbucks is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation. Source
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Home Depot lays off 800 workers, says corporate employees will return to office 5 days a week
A Home Depot logo is displayed at one of their stores on November 8, 2025 in San Diego, CA. Kevin Carter | Getty Images News | Getty Images Home Depot on Wednesday said it will lay off 800 workers and announced corporate employees will have to return to the office five days per week. In […]
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Carvana shares fall 14% following short-seller accusations
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday that the online used car […]
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