In an unexpected turn that many could scarcely have anticipated, Shawn Fain, the newly elected president of the United Auto Workers (UAW), has emerged as a vocal supporter of President Donald Trump’s controversial tariffs on automobiles and automotive parts. Just a year ago, Fain was vocal about his opposition to Trump, likening the administration to
Business
The optimism that once soared high above the clouds for Delta Air Lines has taken a disheartening nosedive, revealing the underlying turbulence in the travel sector. With an alarming pivot, the airline has drastically reduced its revenue projections for the first quarter, indicating a mere 5% increase year-over-year, which starkly contrasts the previously forecasted growth
In a stunning display of what happens when ambition outstrips caution, SpaceX’s recent failure during a Starship test flight has raised serious questions about safety regulations and the FAA’s oversight capabilities. On Thursday night, various Florida airports found themselves abruptly halting flights after a mishap involving the Starship. This incident is not merely an isolated
The recent alliance between Visa and Elon Musk’s social media platform, X (formerly known as Twitter), raises significant concerns about the future of financial transactions on a platform already plagued by controversies. Senator Richard Blumenthal’s scrutiny of this partnership is not just political posturing; it reflects real fears about consumer protection and regulatory oversight. The
In a remarkable shift in the investment landscape, family offices are rapidly becoming a dominant force, doubling their direct investments in just one month—48 this past month alone, as revealed by Fintrx’s exclusive data for CNBC. This exponential increase indicates a profound confidence among wealthy families to take bold financial steps, a move that reflects
Family offices have long prided themselves on their investment approaches, often holding a significant advantage with their long-term strategies. However, recent upheavals in government policy and the turbulent landscape surrounding tariffs on Mexico, Canada, and China have unveiled cracks in this illusion of stability. Experts are now expressing concern that many family offices are hesitating
Abercrombie & Fitch, once a shining star in the retail universe, is now grappling with a stark realization: the explosive growth of its past is not sustainable. Recent guidance suggested a drastic slowdown, with projected sales growth plummeting to a mere 3% to 5% for fiscal 2025. This figure stands in stark contrast to the
In a surprise move, President Trump has introduced a hefty 25% tariff on imports from Canada and Mexico, a decision having profound ramifications for the North American automotive industry. This punitive measure threatens to disrupt a system intricately woven together over decades, where parts cross borders multiple times throughout the production process. Calculate this: roughly
Recent events have cast a dark shadow over U.S. airline stocks, revealing the fragility that lurks beneath the surface of what many deemed a robust sector. Following troubling economic indicators, airline shares have hit their lowest point since late last year. The underlying causes are multifaceted, but a significant factor is the renewed barrage of
Serena Williams, a name synonymous with excellence in tennis, is actively reshaping the landscape of women’s sports by acquiring an ownership stake in the Women’s National Basketball Association’s (WNBA) newest team, the Toronto Tempo. Announced on Monday, this acquisition marks the WNBA’s first entry into Canada, set to begin play in the 2026 season. Alongside