The 2025 Cadillac Escalade V-Series is set to revolutionize the luxury SUV market with a host of new upgrades and enhancements. Building on its legacy of bold American craftsmanship, technology, and performance, this flagship SUV is raising the bar once again with a standard 55-inch diagonal display, an “executive package” for the second row, and
Business
New Balance has recently announced a significant multiyear deal with the Women’s National Basketball Association (WNBA), adding to the list of supporters of women’s sports. Through this agreement, New Balance is set to become an official partner of the WNBA, showcasing broadcast, digital, and retail content that will feature promising Los Angeles Sparks rookie forward,
Morgan Stanley recently announced their second-quarter earnings report, revealing that both profit and revenue surpassed analysts’ estimates. The company reported earnings of $1.82 per share, higher than the $1.65 LSEG estimate. Additionally, revenue for the quarter reached $15.02 billion, exceeding the $14.3 billion estimate. These results demonstrate a significant improvement from the previous year, with
General Motors’ ambitious goal of producing 1 million all-electric vehicles in North America by the end of 2025 seems increasingly unlikely, according to recent statements made by CEO Mary Barra. Barra’s comments, made during a virtual CNBC CEO Council event on Monday, suggest that the market demand for electric vehicles has not materialized as quickly
Department store giant Macy’s recently announced the termination of negotiations with an activist group seeking to take the retailer private for approximately $6.9 billion. The decision was made by Macy’s board unanimously, citing concerns about the financing and the lack of compelling value in the proposal. Lead independent director Paul Varga expressed that the proposal
SpaceX’s Falcon 9 rocket recently experienced an in-flight failure during the “Starlink Group 9-3” mission, causing the rocket’s upper second stage to fail to reignite its engine as planned. This resulted in the destruction of the second stage. SpaceX CEO Elon Musk confirmed the incident and mentioned that the engine failure was a result of
The upcoming Summer Olympics in Paris have brought mixed reactions when it comes to travel demand. While more than 10,000 athletes are thrilled to participate in the event, potential tourists seem to be avoiding the city. According to Delta Air Lines CEO Ed Bastian, the airline is facing a $100 million hit due to travelers
Audi, a Volkswagen-owned company, has announced a significant sports investment by becoming the official premium automotive partner of Inter Miami CF. This partnership marks Audi’s aim to tap into the growing soccer fan base in the United States. Emilie Cotter, the Chief Marketing Officer of Audi of America, highlighted the strategic fit between the two
Pfizer recently announced its plans to advance a once-daily version of its weight loss pill, danuglipron, following positive data from an early-stage study. The company carefully evaluated various once-daily formulations of the drug and identified one that shows the most promising safety profile and effectiveness. This decision marks a significant step forward in Pfizer’s efforts
In a recent exclusive interview with CNBC, Commissioner Roger Goodell revealed the National Football League’s consideration of allowing minority private equity ownership for its 32 teams, up to a maximum of 10%. This proposed change comes as the NFL aims to evolve its policies to align with the changing landscape of sports. Private equity firms