An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Loren Elliott | Reuters American Airlines‘ new CEO Robert Isom is aiming for one...
Tag: business news
Shanghai by the numbers: China’s Covid lockdowns
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wa...
How Russia’s war is cutting global auto production
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes ...
WHO tracks omicron BA.4 and BA.5 subvariants as they spread through Africa and Europe
Omicron subvariants BA.4 and BA.5 are circulating at low levels in several countries within Southern Africa and Europe, according to the World Health Organization. The two subvariants of the highly c...
Here are six restaurant chains with new leaders
Restaurant CEOs are the latest wave of workers to join the Great Resignation. In the last six months, six chief executives of publicly traded restaurant companies have announced plans to step down, ei...
Damian Lillard wants to stay with Blazers, co-founds insole company
Damian Lillard #0 of the Portland Trail Blazers speaks to fans during fan appreciation night before the game against the Utah Jazz at Moda Center on April 10, 2022 in Portland, Oregon. Abbie Parr | Ge...
Medical spas see a boost in beauty procedures after Covid pandemic
Goddess Brouette, 22, decided to receive lip treatment at Upkeep Medical Spa in Manhattan during the pandemic. Source: Goddess Brouette Goddess Brouette didn’t want to wait much longer. It was t...
China’s 2022 Covid lockdowns inflation risk bigger vs 2020
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group |...
Crypto bosses say the ‘tide is turning’ on regulation
Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022. Benjamin Girette | Bloomberg | Getty Images PARIS — The crypto world may have turn...
Watch bonds & Ukraine as earnings season picks up
CNBC’s Jim Cramer on Thursday previewed next week’s slate of earnings and what investors should have on their radar to prepare for the tumultuous market ahead. The “Mad Money” ...
Jim Cramer says falling used car prices suggests inflation could be easing
CNBC’s Jim Cramer on Thursday said that while headwinds facing the used car market make it un-investable, its declining performance is also an indicator that inflation might be cooling. “W...
The Airbnb acquisition that could be key to its post-pandemic playbook
HotelTonight CEO Sam Shank Ben Robertson In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Like many mobile-first, on-demand service-base...
American Airlines pilots’ union sues carrier over request to help with training on days off
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images The union that represents Ame...
Worried about rising inflation? Nearly risk free I bonds may soon pay 9.62%
Eakgrunge | Istock | Getty Images Less risk often means lower returns. But that’s not the case with I bonds, an inflation-protected and government-backed asset, which may soon pay an estimated 9...
Ripple’s court battle with SEC has gone ‘exceedingly well,’ CEO says
PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-base...
Stocks making the biggest moves midday: Twitter, Tesla and more
Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a sh...
Peloton raises subscription fees, cuts prices for Bikes, Treads
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton is hik...
Ukraine war sees some countries focus on food, fuel, not clean energy
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity pr...
White House focused on imposing Russia sanctions, Biden security advisor Sullivan says
Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. Al Drago | Bloomberg | ...
Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as...
Wells Fargo WFC earnings Q12022
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mo...
Twitter, Goldman Sachs, UnitedHealth and others
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – o...
More parents bringing kids to Sin City
It may not be Orlando, but Las Vegas is giving other family-friendly destinations a run for the money. “Sin City” once marketed itself to people with naughty inclinations with the slogan ...
Chinese EV maker Nio says it’s gradually resuming production after Covid halt
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Im...
Lamborghini customers waiting more than 12 months for a car, CEO says
The wait time for a new Lamborghini SUV or super-car is now over 12 months, as demand from wealthy car lovers shows little sign of slowing, the automaker’s chief executive told CNBC on Wednesday...
Citigroup C earnings 1Q 2022
Jane Fraser, incoming CEO of Citigroup. Citigroup Citigroup is scheduled to report first-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: $1.55 a sha...
Morgan Stanley MS earnings 1Q 2022
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley is set to report first-quar...