Business

Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province, Feb. 5, 2025. ZHANG JINGANG | Future Publishing | Getty Images DETROIT — General Motors and China’s SAIC Motor have extended a decadeslong Chinese joint venture that was set to end next year, the U.S. automaker said Tuesday

Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015. Andrew Toth | Filmmagic | Getty Images Michael Burry of “The Big Short” fame is sticking with his bearish wagers even as the S&P 500 surges to a record high, warning that the rally could still

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 — Despite reporting a 10.2% decline in its July U.S. vehicle sales Tuesday, Ford Motor is touting the results as a “good sales month.” That’s according to Rob Kaffl,

Jeff Bezos, founder of Amazon.com Inc., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Jeff Bezos filed plans to sell about 15 million Amazon shares worth roughly $4.1 billion, after the dominant e-commerce platform’s stronger-than-expected earnings sent the stock to a

LAFC Co-Managing Owner Larry Berg celebrates win over Sporting Kansas City in the finals of the 2024 Lamar Hunt U. S. Open Cup at BMO Stadium on September 25, 2024 in Los Angeles, California. Shaun Clark | ISI Photos | USSF | Getty Images Larry Berg has been named the next commissioner of Major League

California is home to the highest fuel prices in the U.S. as well as the busiest containership port complex in the nation. So as the Iran war enters its sixth month and petroleum product prices remain elevated, consumers across the U.S. could be hit with higher prices for a host of everyday products.  Nearly one-third

Chip Motors plans to produce a four- or six-seat low-speed vehicle, which it is calling a “life utility vehicle, named Chip. Courtesy image The next big idea in the U.S. automotive industry may be small. A growing number of companies, including auto giant Stellantis, are betting Americans are ready to embrace smaller, less expensive vehicles

Nikolas Kokovlis | Nurphoto | Getty Images Visa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant’s push into cybersecurity as banks confront a surge in artificial intelligence-powered scams and account takeovers. Under the deal, Visa will get BioCatch’s behavioral biometrics platform, which analyzes data

Director Christopher Nolan, left, and cinematographer Hoyte van Hoytema with an Imax camera on the set of the film “The Odyssey.” Courtesy: Melinda Sue Gordon | Universal Studios “The Odyssey” continues. Universal and Imax have extended the availability of 70 mm screenings of Christopher Nolan’s retelling of Homer’s epic into mid-September, but that might not

Beth Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025. Desiree Rios | Bloomberg | Getty Images Federal Reserve officials who voted this week against the decision to hold interest rates

Signage at a Jersey Mike’s restaurant in Washington, July 20, 2026. Graeme Sloan | Bloomberg | Getty Images Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are choosing to stay private for longer. In 2021, public markets saw a multitude of companies join the

Champpixs | Istock | Getty Images The stock market looked unusually tranquil. Beneath the surface, one of Wall Street’s fastest-growing funds devoted to artificial intelligence investments was unraveling. In a matter of weeks, Leopold Aschenbrenner’s Situational Awareness went from managing roughly $45 billion to being forced into a sweeping reduction of its listed-stock positions as

Global soccer may be finding the limits to private equity’s stampede into sports. A plan by FIFA to sell a minority stake in a new subsidiary — FIFA Forward Enterprise, or FFE — that would control the business side of the World Cup has faced swift backlash. UEFA, the governing organization of European soccer, and

Goldman Sachs ‘ dealmaking prowess may grab all the glory, but the biggest driver of growth last quarter came from the daily-grind of equities trading. Sure, Goldman and the other top Wall Street banks were able to cash in on all the market volatility lately. Many are even on track for their best year ever

Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company. The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less

Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise. The bottom line: Focus exposure on short-term Treasurys over long duration. Wise, the firm’s head of global macro strategy and a senior portfolio manager, sees the strategy as part of a diversified

Tom Holland stars as Peter Parker, aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.” Sony Spider-Man is already webbing up a massive box-office haul. Sony and Marvel’s “Spider-Man: Brand New Day” secured $72 million in preview ticket sales, the highest collection for any domestic film in Hollywood history. The previous record holder was

Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024. Smith Collection/ gado | Archive Photos | Getty Images Clear Street, the prime brokerage startup that recently shelved plans for its own IPO, is now aiming to give investors access to some of Silicon Valley’s hottest private companies before they

Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super

New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an “illegal gambling operation.” In a case filed in a Manhattan state court, the lawsuit claims that Kalshi accepts wagers as a gambling business in disregard for the state’s constitution and laws by not being registered with the New