GM has cut its Buick dealership network in half through buyouts
The 1,000-store reduction is meant to increase throughput and profits at the remaining stores, according to Duncan Aldred, global head of Buick.
CNBC US News
Will 2024 bring good tidings to media and telecom companies? That's unlikely
It's human nature to be optimistic entering a new year, but it's hard not to view 2024 as a year of uncertainty for media and telecommunications companies.
Trump wipes out Biden's lead with Latino voters in 2024: CNBC survey
Trump has a 5-point lead with Latino voters in a hypothetical matchup against Biden, according to a new CNBC All-America Economic Survey.
VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse
Sales of VR headsets and AR glasses in the U.S. have plummeted nearly 40% this year, while Meta has invested billions of dollars into the technology
Crypto super PAC network goes into 2024 with more than $75 million as it aims to influence election
A network of cryptocurrency-backed super PACs is heading into 2024 with $78 million at its disposal.
A ‘digital handshake’ for the planet: How one asset management firm adopted a new framework for ESG
Newday Impact Investing believes that using a new yardstick could provide a more diversified and holistic view of an investment beyond current ESG measures.
Unaffordable rents are linked to premature death, Princeton study finds
Renters burdened by unaffordable housing costs may be at a higher risk of dying sooner, according to a new study published in Social Science and Medicine.
Tesla to raise pay for hourly Nevada Gigafactory workers in January — move could stave off union interest
The adjustments also represent a 10% or greater raise for most hourly workers, adding anywhere from $2 to $8.30 an hour to their pay.
Powerball jackpot hits $543 million. What's the best payout option? Experts weigh lump sum vs. annuity
The Powerball jackpot has jumped to $543 million. Here's how to decide between the lump sum or annuity payout option.
Trump judge slams credibility of paid expert in fraud case, suggests fee influenced testimony
The expert defense witness, NYU Professor Eli Bartov, told CNBC that his nearly $900,000 payment played no role in his assessment of Trump's financial records.
62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt rise
As the holiday season kicks into high gear, 62% of adults say they are living paycheck to paycheck, according to a recent report.
Rudy Giuliani sued again by Georgia election workers seeking to bar more defamation
Rudy Giuliani made a series of false claims about ballot fraud after the 2020 election, which his client Donald Trump lost to President Joe Biden.
Meta's stock is wrapping up a record year, spurred by cost cuts that followed a disastrous 2022
Meta is closing out its best year ever for investors, validating CEO Mark Zuckerberg's "year of efficiency" declaration.
Former Trump aide Mark Meadows loses appeal to move Georgia election trial to federal court
Mark Meadows is charged with Donald Trump and others in Georgia with crimes related to trying to reverse his 2020 election loss to President Joe Biden.
Nikola founder Trevor Milton sentenced to four years in prison for fraud
Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.
Clarence Thomas faces new financial scrutiny, recusal calls as Supreme Court considers Trump election case
Special counsel Jack Smith has asked the Supreme Court to quickly sink Trump's claim of "presidential immunity" in the criminal election case.
Trump makes long-shot bid to toss gag order in D.C. election case
Former President Donald Trump is accused of trying to illegally overturn his 2020 election loss to Joe Biden.
Adobe and Figma call off $20 billion acquisition after regulatory scrutiny
Adobe and Figma announced they would cancel the $20 billion acquisition after scrutiny from the U.K.'s CMA and the Justice Department.
Southwest fined $140 million for last year's holiday meltdown
Southwest canceled nearly 17,000 flights, stranding hundreds of thousands of customers, over last year's holiday season.
Biden campaign says Trump's repeated anti-immigration comments 'parroted Adolf Hitler'
Trump said that immigrants are "poisoning the blood" of the United States at a New Hampshire rally.
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