Business

The New York Stock Exchange on April 14, 2025. View Press | Corbis News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.Sign upto receive future editions, straight to your inbox. Nearly 1 million people became millionaires

U.S. President Donald Trump and CEO of Ford Jim Farley clap, as President Trump visits a Ford production center, in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters DETROIT — As negotiations officially reopen for the USMCA North American trade deal, Ford Motor CEO Jim Farley is clear about what the company wants

Electric vehicle makers Rivian Automotive and Lucid Group reported second-quarter delivery results Thursday with mixed results. Rivian raised its 2026 delivery guidance range after seeing stronger-than-expected demand for its electric vehicles during the second quarter, while Lucid missed Wall Street expectations and its new CEO Silvio Napoli announced a shake-up of the company’s leadership team.

Ford Motor vehicles are displayed for sale at the Leif Johnson Ford dealership on June 30, 2026 in Austin, Texas. Brandon Bell | Getty Images DETROIT — Ford Motor on Thursday reported a 10.3% decline in its second-quarter U.S. new vehicle sales as the company battled a supplier issue for its F-Series pickup trucks and

As Americans prepare to fire up their grills for the Fourth of July, they’re facing some of the highest beef prices on record. Yet despite the sticker shock, demand for beef and steak are holding up. Beef prices have surged after the U.S. cattle herd shrank to its smallest size in decades following years of

JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon’s long-running succession planning while announcing the retirement of one of Dimon’s most prominent potential successors. Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since

Key Points Rafael Nadal says he’s moved on with the next chapter of his life after retiring from tennis in 2024. A documentary about Nadal’s life, “Rafa,” debuted on Netflix on May 29. Nadal said he won’t rule out coaching down the road, but said it’s not in his near-term plans. Rafael Nadal won’t be

Filippobacci | E+ | Getty Images Luxury spending is expected to rebound this year, driven mainly by experiences rather than luxury goods, according to a new study. After two years of declines, luxury goods sales are expected to grow between 1% and 4% in 2026, according to a report from Bain & Co. and Altagamma.

2027 GMC Sierra 1500 AT4X (left) and Denali Ultimate models Courtesy GMC DETROIT – General Motors revealed its 2027 GMC Sierra 1500 pickup truck lineup on Thursday with new V-8 engine options and redesigned interior and exterior styling. The new GMC trucks are crucial to the automaker’s sales and earnings, especially the highly profitable Denali

An Olive Garden restaurant in Milpitas, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as same-store sales growth at the company’s fine-dining restaurants and Olive Garden fell short of expectations. The company’s forecast for its fiscal 2027 earnings and revenue

Violetastoimenova | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.Sign upto receive future editions, straight to your inbox. Donors gave an estimated $617.2 billion to U.S. charities last year, up 5.7% from the year prior

As the New York Knicks clinched their first championship in 53 years and the NBA notched its highest Finals series ratings since 1998, professional basketball was inking another record. The five-game series between the Knicks and the San Antonio Spurs generated “15 billion views and counting on social media, the most ever for an NBA

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the

Federal Reserve Board Governor Michelle Bowman, U.S. President Donald Trump’s nominee to be Federal Reserve vice chair for supervision, testifies before a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 10, 2025. Kevin Mohatt | Reuters The biggest U.S. banks would be able to absorb more

LOS ANGELES — Electric vehicle startup Slate Auto expects to defy challenging market conditions and avoid the losses its peers have seen by profitably selling a highly customizable EV that starts at just under $25,000. Slate CEO Peter Faricy said every vehicle produced by the Michigan-based EV startup — which is backed by Amazon founder

A Toyota Tundra at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC DETROIT – Toyota Motor is notably gaining on America’s largest automaker, General Motors, in U.S. sales as hybrids get more popular and all-electric vehicles sputter. The Japanese automaker is expected to report a