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
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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
A general view of the 18th green the LIV Golf logo and Club 54 during the 3rd round of the LIV Golf Invitational Series Bedminster on July 31, 2022 at Trump National Golf Club in Bedminster, New Jersey. Rich Graessle | Icon Sportswire | Getty Images LIV Golf announced Thursday a multiyear media rights agreement
U.S. President-elect Donald Trump speaks during a rally the day before he is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | Reuters President Donald Trump on Monday signed an executive order focused on international trade and warned that tariffs could be coming soon to America’s neighbors,
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty Images Many of the items that U.S. shoppers browse and buy in retailers’ aisles come from far-away factories or farms — a reality that could soon force many consumers to change their buying habits. Sneakers, T-shirts,
Billionaire investor Stanley Druckenmiller believes Donald Trump’s re-election renewed a jolt of speculative enthusiasm in the markets and surging optimism within businesses. “I’ve been doing this for 49 years, and we’re probably going from the most anti-business administration to the opposite,” Druckenmiller said on CNBC Monday. “We do a lot of talking to CEOs and companies on the
Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York. Lindsey Nicholson | Getty Images Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer
Cho Tak Wong, the chairman of auto glass giant Fuyao Glass, bought the vacant General Motors manufacturing plant in Moraine, Ohio in 2014. The Washington Post | The Washington Post | Getty Images Chinese investments in the U.S. have dramatically declined since Donald Trump’s first term. This trend is unlikely to reverse as Trump returns
Maverick Carter, co-founder and chief executive officer of The SpringHill Company, during the USC Next Level Sports Conference in Los Angeles, California, US, on Thursday, Oct. 17, 2024. Kyle Grillot | Bloomberg | Getty Images A group of high powered investors want to raise billions to form a new international basketball league, according to people
The Freetrade application on a smartphone and desktop PC. Freetrade LONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it’s been acquired by online investing platform IG Group. The deal values Freetrade at £160 million ($195 million) — a 29% discount to its last valuation. The startup said that
A Zoox robotaxi sits outside the company’s large office and warehouse in Las Vegas. Michael Wayland / CNBC LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Thursday topped estimates for fourth-quarter earnings and revenue as the firm’s equities and fixed income traders exceeded expectations. Here’s what the company reported: Earnings: