The Subaru Outback may not initially appear to be a large SUV, but by sales numbers, it certainly competes as one. As buyers increasingly favor tall, boxy family vehicles, Subaru continues to carve out its niche with rugged wagons that carry a legacy of reliable performance. By the end of July, Subaru had sold 6,643 Outbacks locally, making it the third-best-selling large SUV. It’s worth noting that Subaru didn’t make sweeping changes to the Outback for 2024, aside from some price adjustments. For this test, we examined the Outback Touring AWD XT, which stands as the flagship of the lineup,…
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By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating in Haiti for 30 days after three commercial jetliners were struck by gunfire on Monday. The FBI said separately it was investigating the incidents and working with law enforcement partners. The FAA issued a Notice to Air Mission prohibiting U.S. airlines from operating flights in the Haiti’s territory and airspace below 10,000 feet (3,048 meters) for 30 days, citing “safety-of-flight risks associated with ongoing security instability.” American Airlines (NASDAQ:) said on Tuesday that it was the third U.S. airline to have…
The Kia Sorento is a rare option in the midsize SUV category, as it combines three-row seating with a hybrid powertrain for added fuel efficiency. The Sorento Hybrid retains the practicality of the standard Sorento, offering comparable interior space with improved fuel economy due to its electrified setup. Originally launched in 2021, the Sorento lineup received an update in 2024, with the hybrid version carrying over these refinements in 2025. Competitors to the Sorento Hybrid include the Toyota Highlander, Ford Explorer, and Honda Passport. In addition to the hybrid and plug-in hybrid models, Kia also offers a gasoline-only Sorento with…
After a year on the market, the Santa Fe SUV’s futuristic, boxy styling remains a bold statement, even as its initial impact has softened. Opinions may differ on the design, but the Santa Fe’s three-row, seven-passenger capacity, spacious cargo area, and wide tailgate make it a strong choice for families. A turbocharged 277-horsepower 2.5-liter inline-four engine paired with an eight-speed dual-clutch automatic transmission powers the Santa Fe’s considerable bulk while still achieving a 20-mpg city rating from the EPA. The interior emphasizes a modern design and tech features, blending functionality with clever details, while the ride quality is tuned for…
“China is not our friend,” Hayman Capital Management founder and CIO Kyle Bass says while calling Marco Rubio a strong pick for US Secretary of State on “Bloomberg The Close.” (Source: Bloomberg) Source link
By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone (NYSE:) to help build its new private credit strategy and expand its collateralized loan obligations (CLO) platform, two people familiar with the matter said. Brigade, an established credit investment specialist that made headlines earlier this year with a joint bid for department store Macy’s (NYSE:), is building expertise in the hot private credit market where some $2 trillion in loans are being made to corporations by non-banks. The Multi-Asset Investing unit of Blackstone will allocate $150 million to the new Brigade…
Hayman Capital Management founder and CIO Kyle Bass discusses President-elect Donald Trump being expected to tap Marco Rubio for US Secretary of State and his views on investing in China on “Bloomberg The Close.” (Source: Bloomberg) Source link
By Jaspreet Singh (Reuters) -Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that have more than doubled in value this year rose 7% in extended trading. The Swedish company has laid off employees, pulled back podcasts and cut its marketing spend over the past year to boost profitability. It has also raised prices of its plans in the U.S. to capitalize on demand for its premium products. Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter,…
In the competitive midsize SUV market, the Nissan Pathfinder stands out by hitting the mark for those seeking an ideal mix of space, performance, and utility. For the 2025 model year, the Pathfinder receives a few tech updates and some interior design changes across certain trims. This latest generation signifies a new era for the Pathfinder family, delivering a rugged and adaptable three-row SUV with crossover handling while still tackling moderate off-road terrain. Robust and Dependable Performance The 2025 Nissan Pathfinder comes equipped with a 3.5-liter V6 engine featuring 24 valves and dual overhead cams, generating a steady 284 horsepower…
Compact crossovers like the 2025 Honda CR-V remain highly sought after, offering a combination of comfortable seating, good fuel efficiency, and a convenient size for parking. Honda’s CR-V stands out in this competitive segment due to its practical design and agile handling, securing it a top spot on our list. Available in front- or all-wheel drive, the nonhybrid CR-V is powered by a 190-hp turbocharged engine (the 204-hp hybrid version is reviewed separately). While rivals like the Mazda CX-50 boast more luxury and the Ford Bronco Sport is better suited for off-road adventures, the CR-V shines for its pleasant driving…