Business

Toyota is spending $3.6 billion to move the Tacoma truck from Mexico to the United States

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💥 Discover this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Toyota Tacoma trucks at the Toyota City sales lot on February 28, 2024, in Daly City, California.Justin Sullivan | Getty Imagestoyota motor It announced Monday that it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from a factory in Mexico to a manufacturing campus in San Antonio, Texas.The automaker said the investment is expected to create 2,000 American jobs at the facility, add a second vehicle assembly line and nearly double the size of the 2.7 million-square-foot plant by 2030.…

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Stellantis sells the Fiat Topolino EV subcompact for $13,995 in the US

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🚀 Check out this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Stellantis plans to introduce the Fiat Topolino, an all-electric SUV, in the United StatesStellantisDetroit - parent company of Chrysler Stellantis Fiat Topolino said on Tuesday that it has opened orders for its small electric car, the Fiat Topolino, in the United States, with a starting price of $13,995.While the Topolino looks like a small car like the Fiat 500, the electric car is actually a quad bike that functions like a golf cart.The Topolino is capable of going 19 mph, with an electric range…

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More real estate agents are seeing balance

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✨ Discover this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: A version of this article appeared in the CNBC Property Play newsletter with Diana Olek. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. subscription To receive future issues, directly to your inbox.After several years of a poor and expensive housing market, real estate agents are starting to see more balance.In the second quarter of the year, 44% of real estate agents surveyed in CNBC's housing…

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Rivian stock fell 18% amid plans to sell 75 million shares

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🔥 Discover this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A motherboard for a Rivian all-electric car.Michael Wayland/CNBCRivian Cars The stock fell 18% on Tuesday after the electric automaker announced a public offering of 75 million shares of its Class A common stock.Tuesday's stock movement was the worst since 2024 and the fifth-worst day on record.The capital increase occurred during extended trading hours after Rivian shares rose 8.1% on Monday. The stock also rose 19% last week.Based on Monday's close of $20.14 per share, Rivian will raise approximately $1.51 billion through the offering. Rivian said…

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Netflix, Disney and YouTube are preparing to bid

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Folarin Balogun of the United States shoots during the 2026 World Cup Round of 16 match between the United States and Belgium in Seattle, Washington, July 6, 2026.MB Media | Getty Images Sport | Getty ImagesWith the FIFA World Cup attracting huge audiences worldwide, media companies are preparing to pay billions for the rights to the next two men's tournaments. netflix, Disney and alphabet YouTubers are all about the challenge Fox to acquire U.S. broadcast rights to the 2030 and 2034 World Cups, according to…

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Medicare obesity drug GLP-1 coverage starting July 1

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✨ Explore this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Millions of older Americans in Medicare are about to receive a benefit that has never existed before: coverage of obesity drugs. Starting Wednesday, eligible beneficiaries can get GLP-1s to treat obesity for a copay of just $50 per month. It's a watershed move that could unlock a vast new patient population for Novo Nordisk and Eli Lilly and dramatically expand access to medications that were previously out of reach for many people ages 65 and above. Medicare Part D, or prescription drug plans, already cover some GLP-1s…

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Hollister is teaming up with Target to sell bedding and sleepwear

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🚀 Discover this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Abercrombie & FitchHollister is branching out and collaborating with its apparel roots goal to begin selling home and residential decor for the first time as both brands look to new categories to drive growth. The collaboration, called The Hollister Collection at Target, will launch online, in most Target stores and select Hollister locations on June 28 and will feature approximately 60 items across men's and women's apparel and bedding. Hollister's tie-up with Target comes as both companies face a decline in discretionary spending and declining…

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Tax windfalls in California IPOs: Factors that complicate the equation

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✨ Explore this trending post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: The iconic Golden Gate Bridge and the stunning San Francisco skyline as seen from the Marin Headlands during the vibrant spring season.Dan Kurtzman | moment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.Very popular SpaceX The IPO and potential upcoming public offerings of OpenAI and Anthropic could create a tax windfall for the state of California. However, the…

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The winningest NBA bids will be named in the coming months: Mark Tatum

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✨ Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: NBA Deputy Commissioner Mark Tatum speaks during the second round of the 2019 NBA Draft at Barclays Center on June 20, 2019, in the Brooklyn borough of New York City.Sarah Steer | Getty ImagesDeputy Commissioner Mark Tatum said in an exclusive interview with CNBC that the league plans to begin naming winning bidders for the 12 permanent European teams within the next 60 to 90 days. He said the Europa League is still on track to debut in October 2027. The 12 new teams…

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Bob Iger at Shanghai Disneyland defying the Chinese withdrawal

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🚀 Read this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: If you spent a day at Shanghai Disneyland, you wouldn't know that Chinese consumers are suffering.Wang Jiandong and his girlfriend Yan Xu said they were skipping meals out and skimping on daily necessities so they could enjoy the park."We save in our daily lives so we can spend more on trips," Wang explained while posing for photos with Yan in front of the famous Disney Castle. "This is a romantic place."Shanghai Disneyland celebrated its 10th anniversary this week, with the former Disney CEO Bob Iger…

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