Breaking News: Business
Trump administration to announce new fuel economy standards Wednesday, sources say
Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025. David Paul Morris | Bloomberg | Getty Images The White House will announce new fuel economy standards on Wednesday, according to administration sources. The Trump administration will propose rolling back the standards implemented by former President Joe Biden last year, sources […]
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The niche real estate sector that’s luring big money for small kids’ care
A Fortec adaptive reuse project in Barrington, Illinois. Courtesy: Fortec A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to […]
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Beyonce, Sydney Sweeney and a fight for relevance: How American Eagle, Gap and Levi sparked a new ‘denim war’
Levi Strauss CEO Michelle Gass was out for a run in San Francisco last March when she first heard the song “Levii’s Jeans” from Beyonce’s latest album, “Cowboy Carter.” “Literally, I got chills,” Gass recounted to CNBC, adding the name check represented a “once in a lifetime” marketing opportunity she couldn’t afford to squander. “She is […]
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Macy’s posts strongest growth in more than 3 years, but strikes cautious note on holidays
Macy’s on Wednesday beat Wall Street’s sales expectations for the third quarter in a row and posted its strongest growth in more than three years as the company’s turnaround strategy showed signs of momentum. The department store operator raised its full-year sales and earnings outlook after its better-than-expected fiscal third quarter. The retailer now expects […]
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American Eagle stock jumps 15% as it expects a big holiday, raises forecast after Sydney Sweeney ads
An American Eagle advertisement featuring actress Sydney Sweeney on a billboard in Times Square in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images American Eagle issued bullish holiday guidance and raised its full-year forecast on Tuesday after posting better-than-expected quarterly results. The apparel company is expecting fiscal fourth […]
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Sabrina Carpenter blasts Trump admin for ‘evil’ ICE video that uses her song ‘Juno’
Sabrina Carpenter performs during her “Short n’ Sweet” tour at Madison Square Garden on October 26, 2025 in New York, New York. Kevin Mazur | Getty Images Pop star Sabrina Carpenter on Tuesday blasted the Trump administration for using her hit 2024 song “Juno” as the soundtrack for a TikTok video showing Immigration and Customs […]
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Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says
A person carries shopping bags during Black Friday shopping at Garden State Plaza on November 28, 2025 in Paramus, New Jersey. Eduardo Munoz Alvarez | Getty Images A desire for deep discounts inspired 202.9 million U.S. consumers to shop during the five-day stretch from Thanksgiving Day through Cyber Monday, according to a survey by the […]
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Broadcast station owners want to consolidate. They’re struggling to get deals to the finish line
The Sinclair Broadcast Group, Inc. headquarters are seen July 17, 2024 in Cockeysville, Maryland. Kevin Dietsch | Getty Images The broadcast television industry knows it needs to consolidate. It’s just struggling with how to do it. In August, Nexstar Media Group, the largest owner of broadcast stations in the U.S., announced a proposed $6.2 billion […]
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Beta stock jumps 9% on $1 billion motor deal with air taxi maker Eve Air Mobility
Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over […]
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OpenAI is under pressure as Google, Anthropic gain ground
Sam Altman is feeling the pressure. The OpenAI CEO sent a memo to his staffers on Monday outlining a “code red” effort to improve its chatbot ChatGPT, according to multiple reports. Altman said OpenAI will be pulling back on investments in areas like health, shopping and advertising as it works to prioritize ChatGPT, the reports […]
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