MJ 1996 Air Jordans.Photo: Amanda BassSotheby's is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in a younger demographic.The company on Wednesday announced its first "Sports Week," which will include six live and online auctions with items...
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024.Joe Raedle | Getty ImagesJetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier's latest move to cut costs in...
Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023.Christina House | Los Angeles Times | Getty ImagesNordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private.The retailer's founding family is...
Artificial intelligence is moving into the housing space, specifically architecture.ICON, which developed one of the first fully 3D-printed housing developments in the U.S., is taking automation another step further. It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the...
Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz.Lucas, who received 37.1 million Disney shares as part of Disney's $4.05 billion purchase of Lucasfilm in 2012, is currently the...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024.Brendan Mcdermid | ReutersThe forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has...
Bentley Continental GTC Speed in Kingfisher.Adam Jeffery | CNBCBentley Motors is pushing back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions and a delay in its first EV.CEO Adrian Hallmark said the famed British luxury carmaker remains committed to...
The Audi SQ6 e-tron SUV.AudiAudi on Monday revealed its new all-electric Q6 e-tron SUV, the first production vehicle on its next-generation electric vehicle architecture.The Volkswagen-owned luxury carmaker says the new "Premium Platform Electric" opens up new levels of technology for Audi, including a rapid EV recharge time of 158...
A VW EV ID.4 cross-over at Volkswagen of America plant in Chattanooga, TN, June 8, 2022.Michael Wayland | CNBCDETROIT – Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced...
U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates.Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. The reading gained for the...