Top picks for a used SUV under $20,000
No matter what sort of SUV you’re looking for — big, small, or medium, efficiency-first or heavy duty, there are bargains to be found in today’s used SUV market. With $20,000 to spend, your selection includes some nearly new models, some recent hybrids, and some older models with serious capability on-road and off. Whatever you’re […]
Ford cuts 2024 production plans in half
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a major reversal after the automaker significantly increased plant capacity for […]
This Doritos-flavored booze is real — and begging for a Blood Mary
The bottle Empirical x Doritos Nacho Cheese Spirit, $65 (available for pre-ordering online starting Dec. 13 and otherwise sold through select New York and California retailers) The back story Yes, you can now drink your Doritos. The popular tortilla-chip brand, part of the Frito-Lay family (which, in turn, is part of PepsiCo PEP, +1.29% ), […]
Hasbro lays off 1,100 workers amid weak holiday toy sales
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet. Shares of the company fell more than 4% […]
Shohei Ohtani reportedly will defer 97% of annual salary — and that’s allowed
Shohei Ohtani will reportedly defer about $68 million a year on his record 10-year, $700 million contract with the Los Angeles Dodgers, giving the team much more financial flexibility to comply with Major League Baseball’s luxury tax. The Athletic reported Monday that Ohtani agreed to defer all but $2 million a year of his annual […]
Wizard of Oz Dorothy dress lawsuit tossed by judge
A blue and white checked gingham dress, worn by Judy Garland in the “Wizard of Oz,” hangs on display, Monday, April 25, 2022, at Bonhams in New York. Katie Vasquez | AP This “Wizard of Oz” dress could be off to see the auction house very soon. A federal judge in New York on Monday […]
UAW files unfair labor practice charges against Hyundai, Honda, VW
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT – The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of unlawfully interfering […]
Inflation will have to get a lot worse to justify gold’s current price
Inflation is not nearly high enough to justify gold’s recent rise to a new all-time high. That’s the conclusion I draw from research conducted by Campbell Harvey, a Duke University finance professor, and Claude Erb, a former commodities portfolio manager at TCW Group. Their study, entitled The Golden Dilemma, was published a decade ago in […]
Wells Fargo mortgage lenders probed over racial discrimination
People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing exceptions, are used by mortgage personnel to help secure deals […]
Shake Shack launches search for new chief executive, keeps guidance for Q4
Shake Shake Inc.’s stock rose 2.4% after it said the upcoming retirement of its chief executive has had no impact on its expected fourth-quarter forecast as it launches a search for a replacement. Shake Shack SHAK, -1.20% said it’s working with consultant Korn Ferry for a new chief executive because Randy Garutti plans to retire […]
