Business

Cadillac XT5 offers comfort but fails to stand out in crowded SUV market

The 2020 Cadillac XT5.Mack Hogan | Getty ImagesThe Cadillac XT5 is one of General Motors' quiet success stories. It's not the flashiest or best-known luxury vehicle in its class, but it's consistently one of the bestselling luxury vehicles in the country.On the face of it, that makes sense. The XT5 is an approachable, comfortable way to get into a luxury SUV. But its commonality betrays its biggest weakness: despite being a competent option, it ultimately fails to stand out in a crowded segment.The GoodCadillac spent a lot of money to develop sports sedans with world-beating dynamics, only to find that its buyers far prefer its less exciting but more practical crossover. The XT5 has been a runaway success for the automaker, easily becoming the brand's bestselling model.The 2020 Cadillac...

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Business

Coronavirus live updates: Pope cancels major public appearances as cases surge in Europe

Pope Francis greets the believers as he arrives to lead the weekly General Audience at St. Peter's Square. The General Audience is held every Wednesday, in Saint Peter's Square, which can accommodate around 80,000 people.SOPA ImagesThis is CNBC's 24-hour live blog covering all the latest news on the coronavirus outbreak. All times below are in U.S. eastern time. This will be updated throughout the day as the news breaks. Total cases worldwide: More than 102,000, according to data compiled by Johns Hopkins UniversityTotal deaths worldwide: At least 3,491, according to data compiled by Johns Hopkins UniversityTotal U.S. cases: At least 340, according to data compiled by Johns Hopkins UniversityTotal U.S. deaths: At least 14, according to data compiled by Johns Hopkins University8:59 am: P...

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Business

‘You’ll see a central bank cryptocurrency before you’ll see a bitcoin ETF,’ researcher says

Another bitcoin ETF bust.The Securities and Exchange Commission last week issued yet another rejection to a prospective issuer, Wilshire Phoenix, for a bitcoin-based exchange-traded fund, the latest in a series of failed attempts by firms to push a bitcoin ETF past regulators.Even so, market commentators struggle to believe this is the end of the road for the long-awaited fund."I doubt very heavily that it's going to be the last straw," Chris Hempstead, director of institutional business development at IndexIQ, told CNBC's "ETF Edge" on Monday. "I think everyone will continue to listen to the feedback and the notes from the SEC, what their comments are, and they will continue to address it.""You'll see a central bank cryptocurrency before you'll see a bitcoin ETF."Nick ColasCo-founder, ...

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Coming out as gay doesn’t absolve you of your anti-LGBTQ history

Photograph: Ashlee Rezin/APSign up for the Week in Patriarchy, a newsletter​ on feminism and sexism sent every Saturday.Ex-congressman makes shocking Downtown Abbey confessionYou’re never going to believe this, but it appears that a former Republican politician is a massive hypocrite.Aaron Schock, a four-term Illinois congressman, was once a GOP wunderkind. He was the first member of the US Congress born in the 1980s but had the values of someone born in the 1890s, consistently voting against LGBTQ rights. On Thursday, however, the 38-year-old came out as gay in a 2,000 word post.Schock’s sexuality, as he himself notes, isn’t a huge surprise to many. Rumours followed him throughout his political career – which came to an ignominious end in 2005 when he resigned amid allegations that he’...

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Sports

XFL odds, picks, lines, spreads for Week 5: Optimal predictions from proven expert on 14-2 run

The Dallas Renegades' quest for their first home victory of the 2020 XFL schedule continues on Saturday when they take on the New York Guardians. Dallas (2-2), which lost its first two contests at Globe Life Park in Arlington, will have Philip Nelson under center after starting quarterback Landry Jones suffered a knee injury last week that will keep him sidelined for at least two games. The Renegades are eight-point favorites over the Guardians (2-2) in the latest XFL odds.Elsewhere, the Houston Roughnecks (4-0) are 13.5-point favorites over the visiting Seattle Dragons (1-3) as they look to increase their lead in the West Division, one of the largest XFL spreads of the season. All of the Week 5 XFL ...

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Sports

Are Gronk, Luck the new models for retirement from football?

IT'S MIDAFTERNOON, and Kyle Long has everything and nothing to do. He plays video games well into the night and wakes up whenever he wants. He went off-roading in the desert south of Las Vegas recently, unfettered by contract restrictions. He has lost 50 pounds.Retiring from the NFL at 31, Long says, was a great decision. He has his whole life ahead of him."I feel like a phoenix rising from the ashes," he says. "You don't realize how bad Stockholm syndrome is until you get outside the building and can speak for yourself, feel for yourself and express emotions and actually have a voice. Nothing against the NFL, it's just the nature of being a good soldier."Now I get to figure out who the hell Kyle Long is, and it's as exciting as anything I've ever done."Long quietly announced his retire...

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Sports

How Stephen Curry’s International Women’s Day sneaker came to life

8:00 AM ETNick DePaulaESPN Two years ago, then-9-year-old Riley Morrison had a request for Stephen Curry. She sent the Golden State Warriors' guard a hand-written letter asking why his signature Under Armour shoes were listed on the company's online store only in boys' sizes.Curry, whose oldest daughter is also named Riley, was touched by the letter and sent a hand-written response, telling Morrison, "We are correcting this now!"It didn't take long for all of Curry's sneakers to soon be labeled in unisex sizes across both girls and boys categories on the Under Armour website. But Curry wanted to do more."Right after Riley wrote the letter, I started to reach out to Under Armour," Curry told ESPN. "One, to see how we could fix the problem that she was having with her experience on the we...

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Americans quarantined in Bethlehem hotel over coronavirus scare | CBC News

The latest: Fifteen Americans have been quarantined in a hotel in Bethlehem as part of precautions against the coronavirus, a Palestinian government spokesperson said on Saturday.The city in the West Bank has been in lockdown since nine cases of the virus were recorded there earlier in the week, for a total of 16 in the territory. Security forces wearing face masks could be seen Saturday securing the perimeter around the Angel Hotel. The entrance of the street leading to the hotel was cordoned off and an ambulance was parked outside. The fast-spreading outbreak hit a milestone on Friday, infecting more than 100,000 people worldwide in more than 90 countries. The head of the World Health Organization urged all nations to continue to make containment their highest priority. Slowing ...

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Italy’s Democratic Party Head Tests Positive for Coronavirus

(Bloomberg) -- The head of Italy’s Democratic Party said he’s tested positive for the coronavirus, as his government prepares new measures including extending quarantine areas to deal with the outbreak, the biggest in Europe.“I am fine and will remain at home for the next few days,” Nicola Zingaretti, 54, said in a post on Facebook. His party is the second-biggest in Italy’s coalition government.Among the steps being considered is an expansion of the quarantine area in the northern region of Lombardy, the economic engine around Milan. With Italy’s economy already at risk of recession before the outbreak, the crisis has all but paralyzed business activity in the region -- home to major companies including carmaker Fiat Chrysler Automobiles NV.The government decided on Thursday to double ...

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Business

Lebanese leaders oppose paying sovereign debt: Presidency

Lebanon's top leadership opposes repaying the country's sovereign debt, the presidency said on Saturday, indicating the the heavily indebted state is heading towards a default as it grapples with a major financial crisis. A default on Lebanon's foreign currency debt will mark a new phase in the crisis that has hammered Lebanon's economy since October, slicing around 40% off the value of the local currency and leading banks to deny savers full access to deposits. Lebanon has a $1.2 billion Eurobond due on March 9, part of a wider portfolio of some $31 billion in dollar bonds that sources told Reuters on Friday the government would seek to restructure in negotiations with its creditors. Prime Minister Hassan Diab will address the Eurobond issue and Lebanon's wider economic cri...

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