General Motors recently reported its best quarterly sales in over three years, with a notable increase in full-size pickup trucks and all-electric vehicles. The Detroit automaker revealed that its total sales for the second quarter reached 696,086 units, marking a 0.6% increase from the previous year. Despite this positive trend, EV sales only accounted for
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The CEO of Honor, George Zhao, recently emphasized the crucial role that data protection plays in the development and integration of artificial intelligence technology. In an interview with CNBC, Zhao stated that the transformative power of AI is rendered useless if user data is not adequately safeguarded. This message comes at a time when tech
When couples face financial stress, the best approach is to talk it out. But what often happens is the opposite. Research from Cornell University shows that when people feel stressed, they are more likely to avoid initiating conversations with their partner about financial issues. The fear is that it will lead to a fight, causing
The latest trend on TikTok revolves around the idea of a “no-spend month,” where users are encouraged to refrain from making any non-essential purchases for a specific period of time. The concept sounds promising at first glance, with the potential to save money and redirect funds towards long-term financial goals. However, before jumping on the
GameStop’s highly anticipated annual shareholder meeting took a turn for the worse on Thursday as technical difficulties plagued the event. The servers hosting the meeting crashed due to overwhelming interest in the stream, causing frustration among attendees who were unable to access the event. The meeting, which was scheduled to begin at 11 a.m. ET,
Larry Ellison, the Chairman of Oracle, witnessed a significant increase in his wealth by nearly $19 billion after the company forecast double-digit revenue growth for the fiscal year. This positive outlook led to a sharp rally in the stock, marking its best performance since 2021. Ellison’s substantial fortune is largely attributed to his ownership of
Elliott Management, an activist hedge fund, has recently acquired a significant stake in Southwest Airlines amounting to $1.9 billion. The hedge fund has expressed its intentions to instigate leadership changes at Southwest Airlines, citing the airline’s decline from being a “best-in-class” carrier to one of the biggest laggards in the industry. Elliott is specifically targeting
The PGA Tour and the Saudi-backed LIV Golf have been engaged in detailed conversations regarding a potential merger, as revealed by a source familiar with the matter. This development comes in the wake of an initial announcement made on CNBC a year ago, wherein both entities disclosed their intent to collaborate. The ongoing talks between
When it comes to saving for retirement, investing sooner rather than later is typically the best strategy to maximize growth over time. However, there is a potential downside to maxing out your 401(k) too early in the year, which could ultimately cost you money in the long run. This is especially true unless your plan
Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently made a bold decision in response to mounting losses and redemption requests from investors in his real estate fund. Despite facing criticism, Sternlicht defended his choice to limit the amount of money investors could withdraw from his fund. In an interview on CNBC’s “Squawk