Tag: Breaking News: Business
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The hunt for AI’s next winners defined the stock market’s holiday-shortened week
Wall Street kicked off the third quarter with mixed results after a blockbuster first half for stocks.
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Ford achieves quality milestone, as CEO targets flawless new vehicle launches
Ford CEO Jim Farley told CNBC that the automaker has learned from its past quality and recall issues, which have hurt its earnings and stained its reputation.
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Extreme heat wave threatens U.S. power grids and July 4 travel
The heat wave threatens to overwhelm U.S. grids and may force some to change their plans on one of the busiest travel weeks of the year.
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Citadel’s hedge funds post broad first-half gains, top performing strategy sidesteps quant selloff
The hedge fund firm’s tactical trading fund, which combines discretionary equity investing with quantitative strategies, climbed 14.3% through the end of June.
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Levi’s, The North Face and Columbia are turning to women to fuel their next phase of growth
Legacy apparel brands including VF Corp., Levi’s, and Columbia are investing more heavily in women’s products and marketing.
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Sandwich chain Jersey Mike’s files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike’s has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway.
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Premier Lacrosse League plans to bring in team owners by 2028 ‘or soon thereafter,’ co-founder says
Paul Rabil told CNBC he’s banking on the 2028 Los Angeles Summer Games, where lacrosse will return as an Olympic sport, to shine a spotlight on the PLL.
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Led by Buc-ee’s and new rival Dolly Parton, America’s gas station chains are in a mega-sizing era
Gas station chains led by Buc-ee’s are coming closer to rivaling America’s big box stores in size, and Dolly Parton is getting in on the retail trend.
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Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand
Ford said its EV sales fell by 40.7% during the quarter compared with a year earlier, while sales of its F-Series trucks, including the F-150, fell 11%.
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Tesla deliveries jump 25% over last year, blowing past expectations
Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against CEO Elon Musk.
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