Chinese companies are forcing Western automakers to change their approach to electric vehicles if they want to remain competitive in a growing global industry.
Category Archives: business
Biden administration orders online banker Chime to pay $4.55 million over delayed refunds to customers
The Biden administration has told the online banking group Chime it must pay $4.55 million for failing to issue refunds in a timely manner to customers who had closed their accounts.
Panera says it’s phasing out its controversial Charged Lemonade nationwide
The highly caffeinated drink has been blamed for at least two deaths in lawsuits.
The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate
There’s a massive wealth transfer underway.
Disney to limit Marvel movie releases each year as it doubles down on ‘quality’
Disney will release no more than three Marvel films and up to two Disney+ shows each year as it works to place more focus on quality output.
Emirates’ chairman has a message for Boeing: ‘Get your act together’
One of Boeing’s biggest customers issued a call to action to its new management team, expressing frustration with the safety crisis facing the American planemaker and the consequent delays in order deliveries.
Private equity firms circle Peloton for potential buyout
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned.
Abortion bans drive away up to half of young talent, CNBC/Generation Lab youth survey finds
The youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in states where bans are already in place, a new survey from CNBC/Generation Lab finds.
Who could be Trump’s vice president?
Donald Trump needs to choose a 2024 running mate. Here are the key contenders vying for a spot on the ticket.
Israeli forces enter Rafah and take control of key border crossing
After Hamas announced it had accepted a cease-fire proposal, Israel said that the deal was “far from” its requirements and that it would push ahead with a Rafah operation but send a delegation to talks.