In January, GM previewed a crossover that is expected to be Cadillac’s first all-electric vehicle on the company’ next-generation all-electric vehicle architecture. DETROIT — General Motors expects a majority, if not all, of its Cadillac cars and SUVs sold globally to be all-electric vehicles by 2030, according to a company executive. We’ve never been better positioned as an internal combustion brand,” he said during a media event Thursday in Detroit. There’s a lot that’s going to be going on fo

The Federal Trade Commission is considering seeking a preliminary injunction against Facebook over antitrust concerns, The Wall Street Journal reported Thursday. The injunction would likely seek to block Facebook from enforcing policies around how its apps interact with each other and work with potential rivals, the Journal reported. A majority of the five commissioners, made up of three Republicans and two Democrats, would need to vote to seek the injunction. But an injunction would show that F

Satya Nadella, chief executive officer of Microsoft Corp., departs the “Tech For Good” meeting at Elysee Palace in Paris, France, on Wednesday, May 23, 2018. A group of industry executives met with France’s President Emmanuel Macron to discuss how to use technology to improve people’s lives. Microsoft has a history with government contracts and has spent years going through the process of clearing employees for defense work, said two of the people. Microsoft’s website lists more than 100 opening

President Donald Trump is not expected to impose new tariffs on China this weekend, but he may not have much of a trade deal to show either. That promise, however, should be enough to satisfy the stock market, which was soaring after the president tweeted that he expects a “very big” deal with China and both sides want it. Trump was to meet with his advisors at the White House on Thursday, as the weekend deadline approaches. The chances of more tariffs on the 15th are slim,” said Greg Valliere,

A 3,900-bottle whisky collection that contains some of the rarest whiskys in the world could sell for a total of over $10 million, with some individual bottles going for more than $1 million, according to Whisky Auctioneer, which will be auctioning what it has dubbed “The Perfect Collection” in early 2020. The whisky collection belonged to Richard Gooding, the former owner and CEO of Pepsi Cola Bottling Company of Denver. The most impressive bottles in the collection come from rare distilleries

While I was born in the United States and raised in an English-speaking household, some Korean words were impossible to escape. Nunchi in a negotiationTake Thea, for example: Thea met with her boss to ask for a salary increase. An experienced negotiator might tell Thea to find out what range her boss has in mind before they start talking numbers. So Thea sat down with him and simply said, “I’d like to discuss a pay raise to accompany my recent promotion.” And because her boss had shown his hand,

How this couple making $185,000/year bought a $599,000 home in Gardena, CAVer Starr and Jenelle Yee, both 28, recently bought their first home just south of Los Angeles. Here’s how they did it. This is the latest installment of Millennial Mortgage, which profiles first-time buyers across the U.S. and details how they purchased their first homes.

If you invested in Amazon 10 years ago, that decision would have paid off majorly. Jeff Bezos, founder and Ceo of Amazon Paul Souders | Getty ImagesAmazon’s expansion into an online empireAmazon Prime Boxes StackedIn 2015, to celebrate 20 years in business, Amazon held its first-ever Amazon Prime Day. In late October 2019, it was announced that Microsoft beat out Amazon to secure a $10 billion deal with the Pentagon — a decision Amazon is currently fighting. The ups and downs of Amazon’s stock p

That’s according to real estate brokerage Redfin, which determined the top 10 most “bikeable” U.S. cities for 2020. The ranking is based on data from Bike Score, a tool operated by a Redfin-owned company. It considered factors like access to bike lanes and hilliness for cities with populations over 300,000. Cities where daily errands can be accomplished on a bike scored 90 points and above, cities where biking is convenient for most trips scored between 70 to 89 points and cities that have some

That’s when the Los Angeles-based couple, now 28, started saving money specifically for a down payment. Ver Starr millennial homeownerThe couple closed in June 2019 and moved in a month later. “The lender was willing to work with us to put 10% down and get a conventional loan,” says Starr. Closing costs: $3,102 This included credit agency reporting, title search, escrow fee, recording fee (documentation of purchase) and the loan origination fee. This included credit agency reporting, title searc

But a digital marketing agency in the North West of England has taken a more flexible approach by letting staff work from home if they’re feeling a little fragile. In fact, the Audit Lab, based in Bolton, Lancashire, has a year-round “hangover day” policy, as first reported by the BBC. Crompton said she and Frame wanted to create a company with a variety of perks for different employees but realized many benefits lent themselves particularly to working parents. By implementing “hangover days” in

“We believe that fractional shares will open up investing for more people,” Robinhood said in a press release. Charles Schwab announced at the end of October that it would allow customers to buy fractional shares of stocks. That’s good for investors without a lot of money who would like to buy shares in expensive companies like Amazon or Alphabet. “But the lure of individual stocks is always there. Investing in individual stocks only, in other words, is not a smart strategy.

The House of Representatives on Thursday passed Speaker Nancy Pelosi’s drug pricing legislation, a sweeping bill that will allow the U.S. government to negotiate lower prices on the costliest drugs each year. The nonpartisan Congressional Budget Office estimates Pelosi’s bill, if enacted, would save Medicare $456 billion over a decade but also keep eight new drugs from coming to the U.S. market. House Republicans criticized it as highly partisan and warned that the legislation would spur the los

J.P. Morgan’s downgrade of Starbucks didn’t last for long. The firm upgraded shares of Starbucks to overweight from neutral and hiked its 12-month price target to $94 per share from $90 per share. J.P. Morgan met with Starbucks management and “sensed a new confidence in the team that showed the plan working.” J.P. Morgan downgraded Starbucks for the first time in 15 years of coverage in July because Starbucks’ stock had rallied more than 90% in the past 12 months, which “exceeded expectations.”

An employee wears an orange Home Depot Inc. apron at a store in New York. Buy the pullback and reset in growth expectations for Home Depot, said Credit Suisse. The firm upgraded shares of the home improvement retailer to outperform from neutral and raised its price target to $235 from $225 per share. “We believe HD offers an attractive risk/reward now after its recent pullback, and yesterday’s guidance reset, with optionality on improving external and internal drivers in FY20,” said Credit Suiss

Here are the biggest calls on Wall Street on Thursday:UBS upgraded the company in transferred coverage to a new analyst and said the stock was at an “inflection point.” “We assume coverage of GE with a Buy rating as we believe the stock is at a positive inflection point into 2020, driven by 1) successful de-levering , 2) strong EPS growth of ~12%/29% in 2020/21E and 3) a tripling of ind. FCF to ~$2.3B in ’20e led by Aviation & Healthcare. Power, Renewables and Corporate FCF drags should decline

Dubai property magnate Hussain Sajwani has repeated calls for an immediate halt to construction, warning the city faces “disaster” if oversupply continues. “Nothing has changed,” Sajwani told a CNBC-moderated panel at the Salt Conference in Abu Dhabi on Wednesday. “The glut of supply we have, or we are going to have, will have an impact on the market.” Dubai’s real estate market, a crucial component of its economy, is feeling the pain. “I think there is a demand for at least 15,000-25,000 units

A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Nov. 13, 2018. “It’s not exactly what you might call a free market price,” John Rutledge, chief investment officer at investment firm Safanad, told CNBC in Abu Dhabi shortly after trading began on the Saudi Tadawul. In a statement, Saudi Aramco replied to the suggestion saying, “We believe the demand from a broad base of individual investors and such a w

The European Central Bank (ECB) kept its rates unchanged on Thursday following new President Christine Lagarde’s first monetary policy meeting in Frankfurt. The euro traded roughly flat against the dollar at $1.1132 following the announcement awhile equity markets turned slightly negative after marginal early gains. Lagarde suggested that the growth slowdown was stabilizing but that incoming data since October’s policy meeting “pointed to continued muted inflation pressures and weak euro area gr

J.P. Morgan’s downgrade of Starbucks didn’t last for long. The firm upgraded shares of Starbucks to overweight from neutral and hiked its 12-month price target to $94 per share from $90 per share. J.P. Morgan met with Starbucks management and “sensed a new confidence in the team that showed the plan working.” J.P. Morgan downgraded Starbucks for the first time in 15 years of coverage in July because Starbucks’ stock had rallied more than 90% in the past 12 months, which “exceeded expectations.”