The Zara lettering can be seen on the façade above the entrance to a branch of the fashion brand in the city center of Nuremberg (Bavaria) on March 6, 2025. Picture Alliance | Getty Images Zara owner Inditex on Wednesday posted weaker-than-expected quarterly sales while flagging a slower start to the summer season than last year…
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters Tesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22. In a…
U.S. Commerce Secretary Howard Lutnick speaks to members of the media while arriving for trade talks at Lancaster House in London, UK, on Tuesday, June 10, 2025. Bloomberg | Bloomberg | Getty Images The U.S. and China have reached an agreement on trade, representatives from both sides said after a second day of high-level talks…
CNBC’s Jim Cramer on Tuesday said he thinks it’s necessary to review stocks that have captured the attention of the younger investors but aren’t always highlighted by Wall Street analysts. “I think relevance dictates that we cover the companies that are treated as irrelevant or even pariahs by the gray beards around here,” he said….
Terry Moran on ABC News on November 5, 2024. David Russell | Disney General Entertainment Content | Getty Images ABC News said Tuesday it is cutting ties with star correspondent Terry Moran over a social media post that called President Donald Trump and top White House advisor Stephen Miller “world-class” haters. Moran had already been…
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters United Launch Alliance said Tuesday it was…
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma. “All of…
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, Feb. 10, 2025. Gonzalo Fuentes | Reuters Meta is forming a new artificial intelligence research lab and bringing on Alexandr Wang, the founder and…
My top 10 things to watch Tuesday, June 10 1. Disney will pay $438.7 million to CNBC parent Comcast to take full control of streaming service Hulu. Disney, which we own for the Club, had already paid $8.6 billion to Comcast. I’m talking to Disney CEO Bob Iger on “Squawk on the Street” this morning….
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting its U.S.-based staff by 3.5%, the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds. The company notified its staff of…
