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Nearing deal to replace Goldman Sachs as issuer

JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. The banks declined to comment to CNBC. Apple didn’t immediately return request for comment. Negotiations between JPMorgan and Apple have progressed as earlier…

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Lamborghini CEO stands by canceling its own EV

Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. After intense backlash following the reveal of Ferrari’s first all-electric vehicle, the Luce, the CEO of rival luxury vehicle maker Lamborghini said canceling his company’s EV plans…

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