Tag: Breaking News: Business
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Amazon trucking expansion sparks freight stock selloff
Amazon has been spinning out more of its in-house logistics offerings for others to access, posing a growing threat to industry incumbents.
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How pandemic car shortages are still making new and used cars expensive
Pandemic-era shortages are still pushing up used car prices, and automakers learned lessons from that time that stands to keep supply tight
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Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
Mortgage demand from both current homeowners and potential buyers rose sharply, even though interest rates rose as well.
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GM eyes new battery chemistry to grow AI data center, energy storage business
GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries.
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As LIV Golf faces a Saudi funding cliff, CEO says to take PIF ‘at their word’
PIF is set to stop funding the golf league after the 2026 season, though O’Neil could not guarantee that the final four tournaments will take place.
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Home sales surged in May to the highest level since December
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
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Vinted boss sees ‘fundamental’ shift in consumer patterns, as secondhand firm notches $9 billion valuation
Vinted is seeing a structural shift in consumer behaviour as habits form around the resale economy, its marketplace CEO told CNBC.
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Rivian is betting on its R2 EV to turn the automaker into a household name like Tesla
The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla.
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5 takeaways from airline CEOs’ biggest annual gathering
Airline CEOs met in Rio de Janeiro at IATA, the International Air Transport Association’s annual meeting.
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OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut
OpenAI’s confidential filing lands days before SpaceX is set to go public and a week after Anthropic announced its confidential disclosure with the SEC.
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