Delta Airlines pilots make their way to Terminal 4 to picket for a new contract at JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images U.S. airlines ar...
Tag: business news
Ford Transit Trail 2023 targets boom in RV ‘van life’
Ford says Transit Trail owners will have access to the Ford Pro network of upfitters and interior installers to create the interior space they desire. (Preproduction model shown with aftermarket equip...
Wave energy device put through its paces during trials in Scotland
The Waveswing wave energy converter photographed in Scapa Flow, Orkney. EMEC Sea-based trials of a wave energy converter weighing 50 metric tons have produced “highly encouraging results,”...
Singapore wants to be a crypto hub, but not for crypto speculation
In this 2013 photo, Singapore’s central business district is shown at dusk. Edward Tian | Moment | Getty Images Singapore still wants to be a hub for digital assets, but not one for speculating ...
Companies look to diversify as China’s Covid controls take a toll
After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — ...
HKEX CEO discusses trading halt rules as typhoon warning ends session early
One of the world’s biggest stock exchanges has a special policy for bad weather – it halts trade whenever authorities issue a typhoon warning of Signal 8, the third highest level, or higher. Nic...
I don’t want to own Taiwan Semiconductor
Cerence Inc: “In a market like this, it can go to $13, $12. If you can take that level of pain, you can absolutely buy it, because it is a good company.” Matterport Inc: “It’s ...
Jim Cramer picks 4 apparel stocks that are ‘worth owning’
CNBC’s Jim Cramer on Wednesday offered investors a list of apparel stocks they should consider adding to their shopping lists. “I’m still bearish on apparel and footwear in general, ...
Stay away from ‘fool’s gold’ software stocks
CNBC’s Jim Cramer on Wednesday advised investors to stay away from software stocks. “Data has become fool’s gold. Data is iron pyrite. When you hear the word data and you see a loss,...
LAPD captain warned CBS about Les Moonves sexual assault claim, NY AG says
Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp. David Paul Morris | Bloomberg | Getty Images Paramount Global and former CBS chief Les Moonves agreed to make addit...
Women athletes now have their own sports network
Finding women’s sports is about to get easier. The first-ever network to focus on female athletes, the Women’s Sports Network, launched Wednesday, offering 24/7 streaming of original progr...
WWE ends investigation into alleged misconduct by Vince McMahon
World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. “The Special Committee inves...
Boeing forecasts jump in aircraft deliveries, up to $5 billion in free cash flow next year
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Was...
Luminar lidar production begins ahead of schedule
Luminar showcased the first passenger vehicle, a Toyota RAV4, fully integrated with the company’s Iris lidar, which is on-track for series production with its partners starting in late 2022. Lum...
Roku, Qualcomm, Etsy and more
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | R...
American Airlines pilots’ union rejects new contract proposal
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines pilots’ union on Wednesday said its board of directors rejected a tentative ag...
Dan Snyder hires Bank of America
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at Fe...
Ferrari (RACE) Q3 2022 earnings beat estimates, automaker raises guidance
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its gui...
Stocks await Fed, Club earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision ahead Quick...
Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead
The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflatio...
TV revenue falls, shares sink
Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its...
CVS Health reports Q3 earnings, opioid settlement
Rafael Henrique | Lightrocket | Getty Images CVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. Here’s how the pharmacy giant performed com...
Here’s the key change in the Fed’s statement that’s moving markets
The Fed introduced a key change to its policy statement on Wednesday, which Wall Street traders are interpreting as a sign that the central bank could soon slow its rake hikes. Notably, the statement ...
Bed Bath & Beyond’s chief customer and technology officer resigns
A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Bed Bath & Beyond’s chief customer officer, Rafeh Masood, ha...
Stocks making the biggest moves midday: Tupperware, Paramount and more
An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOI...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank h...
Yum Brands (YUM) Q3 2022 earnings
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Image...
Serena Williams, Justin Timberlake invest in Tiger Woods’ new venture
Co-founders Tiger Woods, Rory McIlroy and Founder, CEO Mike McCarley Courtesy: TMRWSports Tiger Woods’ and Rory McIlroy’s new sports startup — which is already planning a new golf league —...
Former boxer Goran Gogic charged with trafficking $1 billion worth of cocaine
Goran Gogic of Germany ends up on the floor in the Heavyweight fight against Pedro Carrion during the Arena Boxing Night at the Alterdorfer Sporthalle on December 15, 2006 in Hamburg, Germany. Friedem...