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How America became so car dependent
Cars dominate America.About 92% of U.S. households have access to a car. But only about 55% of Americans have access to public transit. And only about 3.5% take advantage of the options available.The average American drives twice as much…
BlackRock’s Rick Rieder thinks this corner of the bond market is too cheap to ignore
There's plenty of income to be found these days in the bond market, but longer-dated corporate bonds not only deliver solid yields — they are also a bargain, according to Rick Rieder, BlackRock's chief investment officer for global fixed…
Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round
Super Bowl ad of Poppi.Source: PoppiPrebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.Founded in 2018, Olipop has helped fuel the growth…
Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with
Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC.Andrew Harnik | Getty ImagesTesla shares dropped 6% on Tuesday…
Tequila, mezcal are the only spirits growing in sales, but tariffs would be
A seller holds up a bottle of Casamigos, tequila from Diageo, the world's leading spirits maker, at a liquor store in Monterrey, Mexico, on Dec. 10, 2024.Daniel Becerril | ReutersThe U.S. spirits industry maintained its market share…
Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry
Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT — President Donald Trump's tariffs, both implemented and just threatened, are…
Mortgage demand drops further, even as interest rates settle
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California.Patrick T. Fallon | AFP | Getty ImagesMortgage rates didn't move last week, but demand for new home loans continued to weaken. Both…
L’Oreal sales slightly miss estimates in fourth quarter as China weakness persists
A woman view skin care products at L'Oreal booth during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China.China News Service | China News…
Uber opens ‘interest list’ for Waymo robotaxi rides in Austin
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCRide-hailing and food delivery app Uber is opening its "interest list" to users in…
2025 could be a renter’s market — but it won’t last, economists say. Here’s how to take a
Maskot | Maskot | Getty ImagesRenters should reap the benefits of a lower-cost rental market while they can. It might not last, experts say. As of December, the median asking rent price in the U.S. was $1,695, down 0.5% — or $8 — from…