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Medicare will soon cover obesity drugs, but many seniors may not know
Injection pens for the weight loss treatment Wegovy, manufactured by Novo Nordisk A/S, on display during a news conference in Mumbai, India, June 24, 2025.Dhiraj Singh | Bloomberg | Getty ImagesMillions of older Americans in Medicare are…
Summer box office could lead to first $10 billion year since pandemic
Hollywood is having its best summer since before the pandemic, and that hot streak is putting the annual box office on pace to cross $10 billion for the first time in seven years.The season, which runs from the first weekend in May…
Rise in memory chip costs puts pressure on electronics retailers
HP computers at a Best Buy store on Black Friday in New York, Nov. 28, 2025.Victor J. Blue | Bloomberg | Getty ImagesAs the global artificial intelligence race accelerates, memory chips are getting more expensive. As a result, costs of…
Luxury spending now driven by experiences and ‘inheritourism’
Filippobacci | E+ | Getty ImagesLuxury spending is expected to rebound this year, driven mainly by experiences rather than luxury goods, according to a new study.After two years of declines, luxury goods sales are expected to grow…
$25,000 bare-bones EV pickup truck will be profitable
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…
PGA Tour CEO Brian Rolapp unveils sweeping changes to pro golf
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…
Lucid to lay off roughly 18% of U.S. workforce
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026.Danielle DeVries | CNBCLucid Group said Monday it is cutting its U.S. workforce by approximately 18% as part of a cost-savings plan.The…
Target, Walmart and Amazon losing LGBTQ+ consumer spending
LGBTQ+ consumers are shifting their brand loyalties based on companies' diversity, equity and inclusion policies, according to new research from the Human Rights Campaign Foundation. The findings released Wednesday found that nearly 72%…
Carvana new sales strategy turns dealership into ‘playground’
Carvana's new vehicle franchise for Stellantis includes personalised displays and a vehicle "playground" for consumers for each of its core U.S. brands.Courtesy CarvanaDALLAS — Carvana is aiming to bring its online strategy for selling…
Bob Iger on Shanghai Disneyland as it defies the Chinese pullback
Spend a day at Shanghai Disneyland and you wouldn't know Chinese consumers are struggling.Wang Jiandong and his girlfriend Yan Xu said they have been skipping meals out and scrimping on day-to-day necessities so they could afford to…