United Parcel Service (UPS) trucks are parked at a UPS drop yard on Oct. 28, 2025 in Vernon, California. Mario Tama | Getty Images United Parcel Service is investing $48 million in 27 temperature‑controlled facilities as the industry sees a boom in healthcare logistics, CNBC has learned exclusively. The facilities, located across the Americas, Europe…
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC Lucid Group said Monday it is cutting its U.S. workforce by approximately 18% as part of a cost-savings plan. The all-electric vehicle maker said its plan would give it annualized cost savings of approximately $158 million….
Brian Cornell, Executive Chairman of the Target Corporation. Anjali Sundaram | CNBC Target has promised investors that it’s pursuing an aggressive turnaround with a new CEO at the helm, but its longtime former top executive Brian Cornell still leads the retailer’s board of directors — and some major investors are signaling they’re hungry for change….
Brian Rolapp, CEO of the PGA TOUR, speaks, during an announcement of a new competitive model to the PGA TOUR, prior to Travelers Championship at TPC River Highlands on June 23, 2026 in Cromwell, Connecticut. Ben Jared | PGA Tour | Getty Images Golf fans are finally getting details on a new chapter for the…
A FedEx delivery van on May 27,2026 in London, England. Peter Dazeley | Getty Images FedEx on Tuesday reported earnings that beat Wall Street expectations on the top and bottom lines. The earnings report marked the last quarter that includes the company’s freight business, which spun off into a separate publicly traded company called FedEx…
A Toyota Tundra at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC DETROIT – Toyota Motor is notably gaining on America’s largest automaker, General Motors, in U.S. sales as hybrids get more popular and all-electric vehicles sputter. The Japanese automaker is expected to report a…
LOS ANGELES — Electric vehicle startup Slate Auto expects to defy challenging market conditions and avoid the losses its peers have seen by profitably selling a highly customizable EV that starts at just under $25,000. Slate CEO Peter Faricy said every vehicle produced by the Michigan-based EV startup — which is backed by Amazon founder…