Author: Daniel snow

Inside Stellantis’ plan to revive its Ram Trucks brand after declines

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[ad_1] Stellantis’ Ram display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCAUBURN HILLS, Mich. — Ram CEO Tim Kuniskis reemerged from a seven-month retirement late last year saying he “missed the fight” and admitting the Stellantis brand was getting smashed in the marketplace by its competition.Kuniskis walked on stage during a media event as the speakers blared Detroit rapper Eminem singing “Guess who’s back, back again.” He promised an aggressive turnaround for the embattled truck brand that is now getting underway and will extend through 2026.The plan includes more than 25 announcements…

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How ‘revenge saving’ can improve your finances

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[ad_1] Americans are tightening their belts, as concerns about tariffs, inflation, job security and market volatility have prompted many consumers to pare back their spending and increase their savings, financial experts say.The U.S. personal saving rate — the percentage of disposable income that U.S. households save, after they pay taxes and spend money — has risen sharply this year, reaching 4.5% in May, according to Bureau of Economic Analysis data released Friday. That is slightly down from 4.9% in April, but up significantly from 3.5% in December.Some consumers may be changing their financial habits from so-called “revenge spending” — the…

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Nvidia heads for 5-day win streak as it hits record highs

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[ad_1] Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | ReutersNvidia stock rose for a fifth consecutive day Friday as the chipmaker hovered near fresh highs and investors shook off China concerns.The rise in shares has helped the artificial intelligence chipmaking giant regain its seat as the most valuable company. The stock is up 66% since hitting its 52-week low in early April. Its market capitalization last stood at about $3.8 trillion, putting it ahead of Microsoft and…

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Supreme Court limits judges’ power to halt Trump’s birthright citizenship order

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[ad_1] People hold a sign as they participate in a protest outside the U.S. Supreme Court over President Donald Trump’s move to end birthright citizenship as the court hears arguments over the order in Washington, May 15, 2025.Drew Angerer | Afp | Getty ImagesThe Supreme Court on Friday limited federal judges from issuing universal injunctions, which had been used to block President Donald Trump from implementing his executive order ending birthright citizenship.The 6-3 decision, which divided the conservative-majority court along ideological lines, clears the way for the Trump administration to push forward with its efforts to unilaterally upend longstanding U.S. citizenship rules and other major policies.The…

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What we saw at Tesla’s supervised, invite-only robotaxi launch

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[ad_1] Tesla’s June launch of its long-awaited “robotaxi” requires a lot of qualifiers: it was supervised, open only to a few invitees and included somewhere between 10-20 vehicles.The stock jumped 8% the day after the launch, and some participants and observers called it a success. The shares have largely given back that gain since then.”I thought it was extremely smooth. Everything we saw,” said Wedbush analyst Dan Ives. “Not just from a safety perspective. Maneuverability was way impressive. I thought actually even better than Waymo out of the gates. I thought going into it was going to be an eight…

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