business news
Tesla’s planned robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown
The Texas flag flies outside TDECU Stadium in Houston, Oct. 21, 2023. Tim Warner | Getty Images Sport | Getty Images Tesla’s long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as a key battleground for self-driving technology. CEO Elon Musk wrote in a […]
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McDonald’s is bringing back the snack wrap to U.S. restaurants next month
McDonald’s Snack Wrap. Courtesy: McDonald’s McDonald’s snack wraps will return to U.S. restaurants next month as the fast-food giant looks to boost sales after a sluggish start to the year. McDonald’s introduced snack wraps nearly two decades ago but discontinued the item in 2016 because it slowed its kitchens down too much. Some franchisees kept […]
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Newark mayor sues Trump’s NJ prosecutor Alina Habba over ‘false arrest’ at immigration jail
Alina Habba, Acting U.S. Attorney for the District of New Jersey, arrives at the courthouse where Mayor of Newark, Ras Baraka’s hearing will be held on May 15, 2025 in Newark, New Jersey. Stephanie Keith | Getty Images Newark, New Jersey, Mayor Ras Baraka sued his state’s top prosecutor, Alina Habba, on Tuesday over his […]
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Nvidia’s Jensen Huang says Nintendo Switch 2 has dedicated AI processors
An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | Reuters Nvidia CEO Jensen Huang on Tuesday talked up the capabilities of Nintendo‘s new Switch 2, […]
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Dollar General is shaking off tariff fears and winning over higher-income consumers
Shares of Dollar General jumped more than 10% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending. The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% […]
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Deutsche Bank raises S&P 500 forecast on ‘TACO’ theory: ‘We will get further relents’
Deutsche Bank’s Binky Chadha is bullish again, confident that the Trump administration will continue to back down on tariffs. “Our base case was for a significant rally in equities on a credible relent on trade policies,” the chief U.S. equity and global strategist wrote Tuesday. “In the event, the administration relented earlier than we had […]
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Ford reports 16% sales increase in May amid employee pricing, tariffs
DETROIT — Ford Motor on Tuesday reported a 16.3% year-over-year U.S. sales increase for May, as the automaker continues an employee pricing program amid rising tariff costs and vehicle price increases. Sales for the Detroit automaker were led by a 17.2% increase in its vehicles with traditional internal combustion engines, as well as a roughly […]
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Alaska Airlines to make Europe debut with Rome flights next year
LOS ANGELES, CALIFORNIA – MARCH 30: An Alaska Airlines Boeing 737 airplane departs Los Angeles International Airport en route to Washington D.C. on March 30, 2025 in Los Angeles, California. (Photo by Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images Alaska Airlines plans to start its first flights to Europe next […]
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Stocks making the biggest moves premarket: Dollar General, Constellation Energy, Pinterest, Hims & Hers Health and more
Check out the companies making headlines before the bell. Dollar General — Shares of the discount retailer popped more than 10% after the company lifted its annual sales outlook, saying its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also beat on top and bottom lines for the first quarter. […]
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How to trade luxury stocks?
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Investors are using data that tracks the spending patterns of international tourists to trade stocks in luxury goods sector. CNBC’s Ganesh Rao reports. Source
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