Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. (Photo by Steve Jennings/Getty Images for TechCrunch) Steve Jennings A version of this article first 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. News that Laurene Powell … Read more
Getty Images Luxury carmaker Aston Martin’s share price sank more than 20% after it said profits will be lower than expected this year. The company, famed for its links to fictional superspy James Bond, has been hit by supply chain issues and falling sales in China. The share price of Stellantis, the owner of brands … Read more
Business & FinanceEconomy 06 September 2024, 11:06 am 1 minute Reuters exclusively reported that one of the frontrunners to become Japan’s next premier said that any U.S. move to block Japan’s Nippon Steel from buying U.S. Steel on national security grounds would be “very unsettling.” Shigeru Ishiba, a former defence minister, told Reuters in an … Read more
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program … Read more
Luxury handbag maker Mulberry has received a takeover approach from Mike Ashley’s Frasers Group. The offer values Mulberry, which has seen sales fall sharply following a downturn in the luxury sector, at £83m. Frasers Group, which owns several chains including Sports Direct, Flannels and Evans Cycles, already holds a 37% stake in the firm. Its … Read more
Hampshire is set to become the first English county cricket club to be owned by an overseas franchise after entering into a “phased acquisition” with the part-owner of Indian Premier League team Delhi Capitals. The deal was described by Hampshire, a county in the south of England, as “the start of a significant strategic partnership” … Read more
CONYERS, Ga. — More than 90,000 residents in a county east of Atlanta were told to keep sheltering in place Monday and businesses were told to stay closed a day after a chemical plant fire sent a massive plume of dark smoke high into the sky that could been seen from miles away. Air quality … Read more
NEW YORK — U.S. ports from Maine to Texas could shut down Tuesday if a union representing about 45,000 dockworkers carries through with a threatened strike. A lengthy shutdown could raise prices on goods around the country and potentially cause shortages and price increases at big and small retailers alike as the holiday shopping season … Read more
AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant’s remaining ties to the entertainment industry. AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the … Read more
PA Media The UK’s last coal plant, Ratcliffe-on-Soar Power Station near Nottingham, ends operations on Monday The UK is about to stop producing any electricity from burning coal – ending its 142-year reliance on the fossil fuel. The country’s last coal power station, at Ratcliffe-on-Soar, finishes operations on Monday after running since 1968. This marks … Read more