GM, LG Chem announce $19 billion deal for EV battery materials
The 2025 Cadillac Escalade IQ. GM DETROIT — General Motors plans to spend $19 billion over roughly the next decade through a new supplier deal to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday. The long-term supplier contract will see LG Chem supply GM with more than […]
Super Bowl LVIII: Taylor Swift watches Kansas City beat San Francisco
Patrick Mahomes, Travis Kelce and the Kansas City Chiefs are back-to-back Super Bowl champions. Mahomes threw a 3-yard touchdown pass to Mecole Hardman with 3 seconds left in overtime, and the Chiefs rallied to beat the San Francisco 49ers 25-22 on Sunday in the second overtime game in Super Bowl history, becoming the first repeat […]
Super Bowl commercials 2024: Live updates
‘Book whoever you want to be’ “Book whoever you want to be” is tagline for Booking.com’s Super Bowl commercial, featuring Tina Fey. Fey explains that there are so many choices on the travel website that she’s hired body doubles to help her experience all the options. The spot includes cameos from “30 Rock” alums Jack […]
Secretary of Defense Lloyd Austin taken back to hospital over bladder issue
Secretary of Defense Lloyd Austin — who was hospitalized at Walter Reed National Military Medical Center in Washington, D.C., on Dec. 22, 2023, and released Jan. 9, 2024 — was taken back to the same hospital on Sunday, the Pentagon said. In a statement, the Pentagon said Austin was transported by his security detail to […]
Spirits sales top beer and wine in 2023
Spirits on display at a bar in Cardiff, Wales, in the United Kingdom. Matthew Horwood | Getty Images News | Getty Images The spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday. U.S. spirits […]
What investors with $6.5 trln in cash should do while waiting for Fed rate cuts
The Federal Reserve’s pushback on expectations for interest-rate cuts over the past two weeks has investors closing watching inflation data and piling more cash into money-market funds. Investors stashed a record $6.48 trillion away in U.S. money-market funds through the end of January, with the balance growing as euphoria in December over a Fed policy […]
Yum Brands (YUM) Q4 2023 earnings
KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations, noting the Israel-Hamas war hurt its sales. Yum is the third global restaurant giant to report disappointing […]
Travelers increasingly turn to taking Amtrak trains over flights
Amtrak trains travel through Washington, DC, on September 15, 2022. Stefani Reynolds | AFP | Getty Images As domestic travel rebounds from pandemic lows and prices soar, some travelers opting for trains over planes. For many, the tradeoffs are simple: Trains are often cheaper, provide more leg room and are better for the environment than […]
This fund manager stopped worrying about economics. He’s outperforming the market.
A change in strategy has helped transform the GoodHaven Fund from a long-term underperformer into an outperformer since the end of 2019. The fund follows a concentrated-value approach and now has a four-star rating (out of five) in Morningstar’s Large Blend fund category. Larry Pitkowsky, managing partner of GoodHaven Capital Management, based in Millburn, N.J., […]
New sports streaming platform: What to know
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images The U.S. media world was rushing — or panicking? — Wednesday to try to figure out […]
