Online used-car retailer Carvana said its second-quarter results would likely come in ahead of its earlier expectations as cost-reduction measures take hold.
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GM to invest $500 million to build next-generation Cadillac Escalade, other large SUVs
The notably profitable SUVs remain in high demand, and sales are needed to assist in funding the automaker’s investments in EVs.
Continue readingThe shortage of houses is hitting some people and areas harder than others
The U.S. is facing a shortage of affordable houses relative to only a few years ago, and it’s hitting cities like El Paso, Boise and […]
Continue readingCNN needs more than a new CEO. It needs a business strategy
Killing CNN+ set Chris Licht behind the eight ball because it left him with no clear vision for the future of the news organization.
Continue readingCanada wildfire smoke again slows flights to the Northeast U.S.
Poor visibility from Canada wildfire smoke delayed hundreds of flights at LaGuardia and Newark on Wednesday.
Continue readingGameStop fires CEO, names Ryan Cohen executive chairman; shares plummet
GameStop fired its CEO and appointed Ryan Cohen as executive chairman just months after the company reported its first quarterly profit in two years.
Continue readingPGA Tour merger with LIV Golf triggers confusion about sponsorships, antitrust
The PGA Tour’s announced merger with rival LIV Golf leaves questions surrounding the future of sponsorships and regulatory review.
Continue readingBoeing sued for allegedly stealing IP, counterfeiting tools used on NASA projects
Wilson Aerospace, a family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property.
Continue readingFAA halts flights bound for New York’s LaGuardia Airport amid smoke from Canada wildfires
As of about 1:20 p.m. in New York, more than 1,300 U.S. flights were delayed, according to flight tracking site FlightAware.
Continue readingMortgage demand drops despite rates coming off recent highs
Mortgage rates fell back from their recent highs, but demand dropped for the fourth straight week.
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