GM’s newest performance vehicle is a Cadillac called the Lyriq-V
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S. Cadillac expects to achieve that target with an expanding lineup of electric vehicles such as the performance Lyriq-V, Escalade IQ SUV and […]
Why Trump should forget about corporate tax cuts in his first 100 days
Corporate tax cuts are inflationary and could spell trouble for Republicans in the 2026 election.
Christie’s CEO Bonnie Brennan is targeting younger collectors, crypto
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. Art house Christie’s is aiming to tap the next generation of wealth with online auctions, digital art and luxury goods, according […]
Adidas to cut up to 500 jobs
Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024. Justin Sullivan | Getty Images Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will affect employees at Adidas’ headquarters […]
‘Her crooked son has taken everything’: My fiancé’s 100-year-old aunt was swindled out of $100,000. How can we help?
“Her son threatened to put her in a nursing home if she didn’t send his check by Friday.”
Morgan Stanley CEO Ted Pick says will work with regulators
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort […]
‘I paid for everything from day one’: My husband barely worked during our marriage. Can I leave my $500,000 IRA to my son?
‘I do not want my husband to be able to come back to my son and claim the money’
Aerial firefighting companies now have to keep up with demand
As out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season. The California Department of Forestry and Fire Protection, or Cal Fire, has more than 60 fixed-wing […]
China-made BYD Shark pickup is a predator circling global truck market
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made […]
The Social Security Fairness Act is a terrible piece of legislation — here’s how to fix the problem
Looking to the underlying problem — uncovered state and local workers
