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General Motors said it plans to launch an automated driving system in 2028 that will allow drivers to keep their eyes off the road and hands off the wheel, starting with the Cadillac Escalade IQ. The announcement, made Wednesday at its GM Forward event in New York City, comes a year after TechCrunch first reported that the automaker was working on the system. GM said its hands-off advanced driver assistance system, known as Super Cruise, is the foundation of this future, more capable product. Super Cruise, which launched in 2017 and is now available in 23 vehicle models, can be…

WASHINGTON (AP) — After decades of gradual growth, the number of Black students enrolling at many elite colleges has dropped in the two years since the Supreme Court banned affirmative action in admissions, leaving some campuses with Black populations as small as 2% of their freshman class, according to an Associated Press analysis.New enrollment figures from 20 selective colleges provide mounting evidence of a backslide in Black enrollment. On almost all of the campuses, Black students account for a smaller share of new students this fall than in 2023. At Princeton and some others, the number of new Black students…

As many retailers look for ways to shrink store counts and square footage, Dick’s Sporting Goods is going bigger.The retailer is building more sprawling “House of Sport” stores, which typically come in at 120,000 to 150,000 square feet, more than double the 50,000 for its traditional locations. The sporting goods company believes it’s working.”We needed to build the concept that will kill Dick’s Sporting Goods,” Edward Stack, executive chairman and son of founder Dick Stack, told CNBC in an exclusive interview at Dick’s House of Sport store in Pittsburgh. “We need to build the concept that if somebody else built…

by Mia Taylor Last updated: 3:10 PM ET, Wed October 22, 2025 For years now, Iceland has been ‘having a moment.’Visitation to the country after the pandemic grew to record levels and that reality continues unabated. In 2023, for instance, the CEO of the Icelandic Travel Industry Association predicted that year would be bigger for tourism than the record years before the pandemic.Fast forward to 2025 and searches for Iceland holidays continue to soar, up 92 percent year-over-year, according toVisit Iceland. Meanwhile, Northern Lights tourism is expected to nearly double from $27.3 million in 2024 to nearly $49 million by…

General Motors is overhauling the electrical and computational guts of its future vehicles in a bid to deliver faster software, more capable automated driving features, and a custom, conversational AI assistant. The result of this overhaul will debut in 2027 in the Cadillac Escalade IQ. The U.S. automaker, which unveiled its plans at an event Wednesday in New York City, said a new electric architecture and centralized computing platform will be the foundation for all of its future gas-powered and electric vehicles, starting in 2028. The next-generation supercomputer, Nvidia Drive AGX Thor, will power the compute unit — the result…

American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher.American expects to earn between 45 cents and 75 cents per share in the fourth quarter, above the 31 per share cents analysts expected. That brought American’s full-year earnings guidance to between 65 cents and 95 cents per share, well above the projected 43 cents per share Wall Street forecast. The carrier expects its fourth-quarter capacity to grow between 3% and 5% over the same period last year.Read more CNBC airline…

Despite the ongoing government shutdown, U.S. lawmakers are reaching across the aisle to address recent incidents impacting air travelers.The Senate Commerce, Science and Transportation Committee recently introduced the Rotorcraft Operations Transparency and Oversight Reform (ROTOR) Act in response to January’s deadly collision between an American Airlines regional jet and an Army Black Hawk helicopter over Washington, D.C. If signed into law, the bill, which is heading to a full Senate vote, would require all aircraft in controlled airspace to be fitted with Automatic Dependent Surveillance-Broadcast (ADS-B) equipment.This is significant in that a National Transportation Safety Board (NTSB) hearing about the…

The U.K.’s Competition and Markets Authority (CMA) said on Wednesday that it’s designating Apple and Google with strategic market status in their respective mobile platforms. The decision, which affects the companies’ operating systems, app stores, browsers, and browser engines, will enable the regulator to take targeted actions to enhance competition in the space. The CMA had launched investigations into Apple and Google in January, and had proposed interventions in July that indicated the tech giants could be designated with strategic market status (SMS). To reach its conclusions, the CMA consulted over 150 stakeholders and had discussions with both Apple and…

WELLINGTON, New Zealand (AP) — Swathes of New Zealand were pummeled by dangerous winds for the second time in a week on Thursday, with howling gales canceling hundreds of flights, causing electricity blackouts and forcing school closures. The gales were worst in the lower North Island, where the capital Wellington is located, and in parts of the South Island, including the city of Christchurch. The national forecaster MetService issued rare “red” wind warnings, the highest level of alert, for several regions. No deaths or serious injuries were reported. When a different weather system battered the country on Monday, a Wellington…

Krisanapong Detraphiphat | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Lawyers to the wealthy are advising clients to ramp up their charitable giving this year to take advantage of tax advantages that will decline in 2026.President Donald Trump’s sweeping tax-and-spending bill included provisions that reduce the tax benefits of charitable giving for high earners. Since the provisions don’t take effect until next year, advisors to wealthy donors are recommending they frontload or “bunch”…