Author: Editor

Customers are continuing to shift to electric vehicles, but industry analysts say the picture is complicated.A rising share of car buyers traded their gas cars in for EVs in April, according to data Edmunds shared with CNBC. In January, 67.1% of buyers purchasing a new EV at dealerships traded in a gas car. By April, that climbed 7%, to 72.1%, according to the auto site. The data also showed that EV loyalty numbers are rising: In January, 26.2% of buyers traded in an older EV for a new EV and 34.3% traded for a used one. Those numbers rose, as…

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.Daniele Mascolo | ReutersDETROIT — Stellantis CEO Antonio Filosa has said leading the transatlantic automaker is a dream come true, but the company’s stock has been anything but that for investors under his short tenure thus far.Stellantis stock is off nearly 30% since Filosa, a company veteran from Italy who climbed through the ranks, was named CEO nearly a year ago. It’s down about 21% since he officially started as CEO last June.Thursday marks a major next step for Filosa and his executive team, as they unveil…

Lowe’s on Wednesday reported quarterly results that beat expectations on the top and bottom lines and reaffirmed its full-year outlook.Revenue jumped about 10% compared with the previous year. Comparable sales increased 0.6% for the quarter, driven by what Lowe’s said was its spring execution and a 15.5% growth in online sales. “Roughly 60% to 65% of our revenue is from the do-it-yourself customer, and this has been a really difficult do-it-yourself housing market, so for us to do four consecutive quarters of positive comps, we were pleased with that,” CEO Marvin Ellison told CNBC.Here’s how the company performed in its…

This as-told-to essay is based on a conversation with Laura Taylor, the 54-year-old founder and CEO of Mingle Mocktails, based in Berwyn, Pennsylvania. The following has been edited for length and clarity.My goal was always to be a working woman — to wear power suits, have a corner office, and be financially independent. I did a pretty good job achieving that.My last corporate role was at Tableau Software, but I struggled with alcohol and, quite frankly, drank too much. In that work-hard, play-hard environment, alcohol became a crutch.When I quit drinking in 2015, I became very sensitive to how hard…

A detailed view of a hat that reads, God Guns and Trump is seen at a campaign event for U.S. Rep. Julia Letlow, a Republican from Louisiana, at Bourne’s Restaurant on May 6, 2026 in Franklinton, La. Gun rights groups see ‘golden age’ under the Trump administration’s second term. Tyler Kaufman/Getty Images hide caption toggle caption Tyler Kaufman/Getty Images The president, his allies and Justice Department leaders say they’re the most pro-gun presidency in modern American history. Many in the gun industry tend to agree with them. John Commerford, executive director for the National Rifle Association’s Institute for Legislative Action,…

Cava doesn’t merely want to sell you a Mediterranean slop bowl anymore. It wants to predict when you’ll order it, optimize the labor used to make it, personalize the app that sells it to you, and maybe eventually know you want extra feta before you do. Loading audio narration… On the company’s earnings call on Tuesday, Cava executives framed the fast-casual chain less like a traditional restaurant company and more like a tech platform that happens to serve pomegranate-glazed salmon and harissa chicken.CEO Brett Schulman said the company was laying the groundwork to become “a real-time AI-enabled business” as Cava…

South Korea’s Samsung Electronics has become one of the biggest beneficiaries of the artificial-intelligence boom. Now the company faces a battle over who deserves a share of the gains. Loading audio narration… Talks between Samsung and its largest labor union broke down, according to Yonhap news agency, putting around 48,000 workers on track to begin an 18-day strike on Thursday over bonuses and profit-sharing.Samsung shares tanked as much as 5% after reports that negotiations had collapsed.The dispute comes at a sensitive moment for Samsung, which recently joined the trillion-dollar club as investors piled into AI-linked semiconductor stocks. The tech titan’s…

This as-told-to essay is based on a conversation with Chatrine Siswoyo, a communications leader. Her words have been edited for length and clarity. Loading audio narration… I turned 40 this year, and I still think about the moment I almost forgot how to define myself.It happened 10 years ago on a plane. We were flying from Singapore to Hong Kong. My husband had accepted a new role there, and after a long stretch of conversations about timing, family, and careers, I decided to pause my career to follow him.I’d spent about 6 years working in journalism, public relations, and marketing…

Facade of Target store in San Ramon, California, April 18, 2026. Smith Collection/gado | Archive Photos | Getty ImagesTarget is set to report its fiscal first-quarter earnings and offer a read on the consumer Wednesday, as CEO Michael Fiddelke leads a turnaround plan for the retailer. The company has struggled to prove to investors that it can end its sales slump and win back brand loyalty from consumers. The earnings will come as Wall Street keeps a keen eye on a more selective consumer, hit by soaring gas prices and macroeconomic uncertainty. Here’s what Wall Street is expecting for the…

The Justice Department on Tuesday expanded the just-announced settlement of President Donald Trump’s lawsuit over the leaking of his tax returns to include a pledge that the IRS will no longer pursue any claims it may have against Trump, his family members and his companies over unpaid taxes. Loading audio narration… The nine-page settlement agreement DOJ released Monday, setting up a nearly $1.8 billion fund to compensate victims of alleged weaponization of law enforcement, did not mention any resolution of disputes over Trump’s tax returns, which he has repeatedly claimed were under protracted audits by the IRS.However, a one-page document…