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2025 Jeep Cherokee SUVStellantisDETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year.The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify if it would be a traditional hybrid or plug-in hybrid electric vehicle (PHEV), which the company currently offers on several SUVs.”The all-new Jeep Cherokee headlines our efforts to deliver more product, innovation, choice and standard content to customers than ever before,” Jeep CEO Bob Broderdorf said in a…

Morgan Stanley denied allegations by the Dutch Public Prosecution Service that it evaded tax on almost $1 billion worth of dividends more than a decade ago.According to the Dutch Public Prosecution Service, an Amsterdam-based subsidiary of a foreign bank filed five corporation tax returns between 2009 and 2013. The returns offset €124 million ($140 million) in tax relating to a total of €825 million in dividends paid on listed Dutch shares, the public prosecution service said in a statement Wednesday without identifying the bank. The prosecutor holds the European parent company and an employee involved at the time responsible.Morgan Stanley…

U.S. executives are shifting to long-term U.S.-focused strategies to deal with the volatility of the first months of the Trump administration, according to a new survey released Thursday by PricewaterhouseCoopers.PwC’s May 2025 Pulse Survey polled a group of 678 U.S. executives, including CFOs, finance leaders, tax leaders, chief audit executives and others, about the impact of the first 100 days of the Trump administration. It found that 48% of the business executives polled believe uncertainty will ease within a year — while others expect it to last longer, potentially through the next election. One-third (32%) of the executives surveyed expect more…

2025-05-29T15:09:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The five-story apartment building seen in “Breakfast at Tiffany’s” is on sale for $15 million. The New York City brownstone served as the façade for Holly Golightly’s apartment in exterior shots. It’s one of the most iconic movie homes in the city and features a Tiffany-blue door. Break out those black sunglasses…

The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the U.S. trade court, dealing a major blow to a pillar of his economic agenda.A panel of three judges at the U.S. Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democratic-led states and small businesses that accused Trump of wrongfully invoking an emergency law to justify the bulk of his levies. The court gave the administration 10 days to “effectuate” its order, but didn’t spell out any steps it must take to unwind the tariffs.The order applies to Trump’s…

Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, on April 15, 2025.Bloomberg | Bloomberg | Getty ImagesBoeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.Ortberg had said last month that China had paused deliveries.”China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.Boeing,…

AI won’t fundamentally change what it means to be a software engineer, said GitHub CEO Thomas Dohmke — it’ll just allow them to be more creative.”My creativity during the coding process is limited by the time that I have available and the energy that I have — the amount of distraction I get,” he said in a YouTube interview with newsletter author Azeem Azhar. “Oftentimes, developers describe that as the magical flow state. You’re almost in the zone of building something, and as long as nobody distracts you, you really feel like you’re getting a lot of things done.”Assistance from…

Good morning! A federal court ruled President Donald Trump doesn’t have the authority to impose some of his tariffs. The three-judge panel’s unanimous ruling declared the tariffs would be vacated, throwing a massive wrench into what has been a key piece of Trump’s second term. The federal government has filed a notice of appeal on the court’s decision.We’re also looking at Anthropic’s CEO stark warning about the tech’s impact on the labor market.What’s on deckMarkets: The internet has a new favorite meme trade.Tech: Nvidia shows no signs of slowing down amid tariff uncertainty.Business: Elon Musk says his time as a…

Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty ImagesBest Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells.For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue, down from its previous range of $41.4 billion to $42.2 billion. It said it expects adjusted earnings per share to range from $6.15 to $6.30, which compares to prior guidance of…

United Airlines has a new friend in Queens.The airline plans to return to New York’s John F. Kennedy International Airport again, this time through a new partnership with JetBlue Airways.The partnership, called Blue Sky, will allow the airlines to sell seats on each other’s sites and let JetBlue customers earn frequent flyer miles on United and vice versa. It also includes reciprocal loyalty benefits like priority boarding and roomier seats for travelers with elite status. The deal is subject to regulatory review, the airlines said.Some aspects of the partnership, which the carriers announced Thursday, will begin as early as the fall, though the…