Author: Editor

A Treasury Department decision due next week threatens to undermine the financial viability of hundreds of planned clean energy projects, adding to an escalating Trump administration campaign against wind and solar power.President Donald Trump last month ordered the department to tighten long-standing guidance used to determine whether projects can qualify for clean-energy tax credits.Until now, projects were eligible if developers spent at least 5% of the planned cost by a certain deadline. The president is pushing Treasury officials to significantly raise that amount or require developers to show more construction progress, which would make it more difficult, or even impossible,…

President Donald Trump’s move to extract a 15% sales tax from Nvidia Corp. on certain semiconductors sold in China did nothing to damp investor enthusiasm for the world’s most valuable company.A look at balance-sheet math goes a long way to explaining why. In the first quarter, Nvidia said it sold $5.5 billion in products to China, roughly 13% of its total. The chips exposed to the Trump tax accounted for about 80% of that, or just under $5 billion. That means the Santa Clara, California-based firm could send some $700 million per quarter to the Treasury — hardly chump change. But…

Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands.Melissa Repko | CNBCUlta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores.Shares of Target fell about 2% in early trading, while Ulta’s stock slid about 1%.In a news release, the companies said the partnership — which also added some of Ulta’s merchandise to Target’s website — will end in August 2026. Target had added more than 600 Ulta Beauty shops…

The Cadillac Elevated Velocity concept car.Courtesy: CadillacGeneral Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment.The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance the electric vehicle’s performance, the company said.”The word ‘elevate’ serves a dual meaning – it is a reference to the lifted chassis that enables high-speed off-road capabilities, but it also refers to an elevated luxury experience,” said Alexandra Dymowska, Cadillac senior brand designer, in a media release.The vehicle,…

A general view at Pebble Beach Concours d’Elegance on August 18, 2024 in Monterey, California. Since 1950, the annual Pebble Beach Concours d’Elegance has hosted the world’s most beautiful and expensive collectable cars on the Competition Field along Carmel Bay.Matt Jelonek | Getty Images News | Getty ImagesA version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Up to $400 million worth of classic cars will roll across the auction block in Monterey and Pebble Beach this week, marking the…

Rolls of Kodak Gold film hang on a shelf at the Precision Camera & Video store on August 12, 2025 in Austin, Texas. Brandon Bell | Getty ImagesClair Sapilewski has dozens of rolls of camera film ready to use in her cupboard at all times.A photography major at American University, the 21-year-old said she always keeps her film stocked to achieve that aesthetic that only film cameras can capture.”It teaches you how to slow down, how to look at things more carefully and how to choose your shots more wisely,” she said.It’s part of an ongoing trend as members of…