Business

As out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season. The California Department of Forestry and Fire Protection, or Cal Fire, has more than 60 fixed-wing

A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing. Calamos Investments launched the Calamos Bitcoin Structured Alt Protection ETF (CBOJ) on Wednesday. The firm brands it as “the world’s first downside protected bitcoin ETF.” It is built with risk-adverse investors in mind. “You can get in all day long.

BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made

There are three buzzwords among politicians and business leaders at this year’s World Economic Forum annual meeting in Davos, Switzerland: diversity, equity and inclusion. It’s no surprise DEI is on corporate leaders’ minds, since it’s been front and center at the White House as well. “My administration has taken action to abolish all discriminatory diversity,

A still from the film “Wicked.” Source: Universal Studios Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge: promote and release two build-on films just one year apart. Part one of the “Wicked” cinematic project dazzled at the box office, collecting more than $700

Justin Paget | Digitalvision | Getty Images Many workers hate the prospect of returning to the office five days a week — so much so that they’d quit their jobs if told to come in full time. To that point, 46% of workers who currently work from home at least sometimes would be somewhat or

Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent to its employees, the Minneapolis-based retailer said it will end its three-year DEI goals, stop reports to external diversity-focused groups like the Human Rights

Silas Stein | Picture Alliance | Getty Images American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the year to 6%

Travelers walk through O’Hare International Airport in Chicago on Dec. 20, 2024. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform Hopper this month said domestic “good deal”

Photographer | Collection | Getty Images Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca’s stock at roughly €15.992 each, a 5% premium to

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. Lindsey Wasson | Reuters Boeing said Thursday that it likely lost about $4 billion in the fourth quarter, adding to troubles at the manufacturer, which began 2024 with

President Donald Trump on Thursday accused the CEOs of the two largest American banks of refusing to serve conservatives, reviving a 2024 campaign talking point that the two companies deny. Speaking via video to an assembly held at the World Economic Forum in Davos, Switzerland, Trump lashed out at Bank of America CEO Brian Moynihan

Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024. Massimo Pinca | Reuters DETROIT — Stellantis Chairman John Elkann detailed several upcoming plans the trans-Atlantic automaker has for U.S. investments when meeting with President Donald Trump

FRANCE – 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images) Romain Doucelin | Getty Images Cryptocurrency firm bosses are optimistic about the changes of comprehensive federal rules for the industry passing this year now that

The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024. John Nowak | CNN | Via Reuters Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital

JPMorgan Chase CEO Jamie Dimon said Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets said they could protect

Shares of Netflix soared more than 14% Tuesday after the company posted fourth-quarter results that beat on the top and bottom lines. The company surpassed 300 million paid memberships during the quarter, adding a record 19 million subscribers. Netflix said the growth was driven by its content slate, improved product and typical fourth-quarter seasonality. The

David Einhorn, President at Greenlight Capital, speaking at the 14th CNBC Delivery Alpha Investor Summit in New York City on Nov. 13th, 2024.  Adam Jeffery | CNBC Greenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense. “We have reached the ‘Fartcoin’ stage of the

The word “Netflix” shines brightly at the presentation of the new season (3) of the Netflix series “Bridgerton” in the Flora. Rolf Vennenbernd | Picture Alliance | Getty Images Netflix is hiking the price of most of its plans in the U.S. The streaming giant announced on Tuesday that its standard plan without commercials will

Cryptocurrencies climbed on Tuesday as bullish investor sentiment returned on President Donald Trump’s first full day back in office. The price of bitcoin was last higher by more than 2% at $106,201.70, according to Coin Metrics. The broader crypto market, as measured by the CoinDesk 20 index, rose 1.6%. Meanwhile, “Official Trump,” a token launched