Business

Automakers pivot toward micro-vehicles to solve U.S. affordability woes

President Donald Trump recently signaled support for legalizing small-scale vehicles on American roads, echoing a growing industry push to introduce compact electric low-speed vehicles. As affordability remains a persistent hurdle for domestic buyers, companies like Stellantis and Waev are betting that these downsized alternatives will finally find a foothold.

Airlines Signal High Ticket Prices Are Here to Stay

With U.S. airfares climbing 26.5% over the past year, travelers are encountering a new reality: record-setting prices that show no signs of retreating. Despite surging fuel costs, major carriers report that consumer demand remains resilient, emboldening airlines to maintain elevated ticket prices throughout the remainder of the year.

Incoming Best Buy CEO Jason Bonfig targets smaller store footprints

Jason Bonfig, the incoming CEO of Best Buy, is betting on a scaled-down retail footprint to reverse a multi-year slump in sales. By opening smaller locations in untapped markets, the company aims to bypass the limitations of its traditional big-box format while testing new strategies to restore long-term growth.

Clear Street pivots to pre-IPO trading with Databricks offering

Spider-Man: Brave New Day Shatters Domestic Preview Record

FIFA’s $20 Billion World Cup Sell-Off Faces Existential Boycott

Leopold Aschenbrenner’s $35 billion AI fund collapse

The fading allure of the IPO

General Motors developing proprietary AI for deeper vehicle control

Rivian Trims Capital Spending as Delivery Targets Hold Steady

Nolan's The Odyssey Extends 70mm Run Amid Ticket Scarcity

Jersey Mike's Slips Below IPO Price in NYSE Debut

Reformation Stagnates in Flat NYSE Market Debut

Stellantis Swings to Profit as North American Demand Increases

NBCUniversal and YouTube Forge a New Streaming Alliance

Benedetto Vigna Defends Ferrari’s Polarizing Electric Debut

Ferrari Lifts 2026 Profit Outlook After Robust Second Quarter

Wealth managers encounter a new rival: their own clients’ AI chatbots

Yum Brands Earnings Mask Looming Taco Bell Crisis

Carvana shares slide as 2026 earnings outlook disappoints analysts

Starbucks Faces Market Test Amid Turnaround Strategy

Chipotle Faces Wall Street Test Amid Shifting Consumer Habits

FTC Sues Hims & Hers Over Data Privacy and Billing Tactics

Humana shares slide as stagnant outlook offsets quarterly earnings beat

YES and MSG Networks Shift Streaming Operations to DAZN

Procter & Gamble Stumbles as Consumer Demand Flatlines

Taco Bell outbreak overshadows Yum Brands earnings report

Nike's Grip on the Chinese Market Slips Despite Fitness Boom

Audi Targets American Drivers With Full-Size Q9 SUV

Ford Faces Margin Squeeze as Wall Street Braces for Q2 Results