Authentic Brands Group expects IPO in next 12 months as new CEO steps in, founder tells CNBC
The founder of Authentic Brands Group, the management firm behind dozens of retail and media names including Reebok, Champion and...
Breaking News: Business
Lowe's beats Wall Street expectations against 'challenging' housing backdrop
Lowe's on Wednesday reported quarterly results that beat expectations on the top and bottom lines and reaffirmed its full-year outlook.Revenue...
Stellantis CEO Antonio Filosa is about to unveil his plan to turn the company around as the automaker's stock lags
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.Daniele Mascolo | ReutersDETROIT — Stellantis CEO...
More car buyers are shifting to EVs — but the reasons why are nuanced
Customers are continuing to shift to electric vehicles, but industry analysts say the picture is complicated.A rising share of car...
UK inflation rate eases to 2.8% in April, but slowdown is expected to be short-lived
Richard Newstead | Flickr | Getty ImagesU.K. inflation eased to 2.8% in April, preliminary data from the Office for National...
Target is set to report first-quarter earnings, offer read on consumer
Facade of Target store in San Ramon, California, April 18, 2026. Smith Collection/gado | Archive Photos | Getty ImagesTarget is...
Mortgage rates surge to highest level since July
Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty ImagesGrowing concern over...
Here’s why car wash real estate is cleaning up
Key PointsThe 100% bonus depreciation passed by the Trump administration is delivering a boost to car wash real estate. The...
Home Depot says core shopper is resilient in the face of higher gas prices, sales rise 5%
Home Depot said Tuesday its core homeowner shopper remains resilient in the face of higher gas prices and plummeting consumer...
Startup backed by American Eagle CEO reaches unicorn status in latest funding round
Radar, a startup backed by American Eagle CEO Jay Schottenstein that helps retailers manage in-store inventory and cut back on...
The AI economy is rewriting the American Dream — and blue-collar workers are poised to win
From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T's next wave of growth aren't fresh-faced college...
CDC says American tests positive for Ebola in Africa, risk in the U.S. remains low
A sign sits outside of the Centers for Disease Control and Prevention (CDC) Roybal campus in Atlanta, Georgia, U.S. March...
Homebuilder sentiment improves on late spring surge in demand
Higher mortgage rates, rising gas prices and continued economic uncertainty over the war with Iran are all still weighing on...
Lululemon takes battle with Chip Wilson public, calls founder 'misguided' and 'outdated'
Lululemon is showing its teeth. The Vancouver, British Columbia-based athleticwear company is taking its battle with activist founder Chip Wilson public,...
Long Island Rail Road remains shut a second day as Monday rush hour looms
The shutdown of the Long Island Rail Road, North America's largest commuter rail system, continued into a second day on...
Tesla raises prices of Model Y cars in the US for the first time in two years
Tesla raised the prices of its Model Y cars in the United States on Saturday, according to its website.The company...
Meet the pilots flying Spirit Airlines' yellow jets to the desert
When Spirit Airlines shut down before dawn on May 2, work for pilot Steve Giordano was just beginning.Giordano, managing partner...
Creator content made the main stage at TV's 'upfront' pitches — and not just for YouTube
Dwyane Wade, left, and Jesse Riedel speak onstage during the YouTube Brandcast event at Lincoln Center in New York, May...
Berkshire Hathaway returns to airlines with $2.6 billion stake in Delta Air Lines
Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.CNBCBerkshire Hathaway...
Chinese EVs are coming to Canada, and some dealers can't wait to sell them
HALIFAX, NOVA SCOTIA — Michael MacGillivray sees the arrival of Chinese electric vehicles in Canada as a potential game changer."I think...
