Frontier Airlines proposes merging with fellow budget carrier Spirit
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Bankrupt Spirit Airlines said it turned down a new merger offer from rival budget carrier Frontier Airlines. Frontier said Wednesday that it has met with Spirit’s board […]
Why ditching the penny may not cost Americans much
Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.
Novo Nordisk’s Ozempic wins FDA approval for chronic kidney disease
The Food and Drug Administration on Tuesday approved Novo Nordisk‘s Ozempic to treat chronic kidney disease in patients who also have Type 2 diabetes, expanding the use of the wildly popular injection in the U.S. The drug is already widely used and covered to treat Type 2 diabetes. The FDA’s decision means Ozempic can now […]
ASML stock recovers from DeepSeek turmoil after surge in orders
ASML, the maker of advanced microchip-making equipment, on Wednesday reported better-than-expected earnings after foundries upgraded their machines as its bookings surged ahead of estimates.
JetBlue shares tumble 25% after disappointing outlook
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways shares fell more than 25% on Tuesday, the biggest one-day percentage loss since the company went public more than two decades ago, after the carrier’s financial […]
Starbucks says the little things are helping its turnaround. It still faces these big hurdles.
Shares of Starbucks Corp. inched higher after hours Tuesday after the coffee chain reported quarterly results that beat expectations, as it tries to revive sales following a year marked by cautious consumers.
Starbucks (SBUX) Q1 2025 earnings
Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S. business, which has slumped over the past year. “While we have room for improvement, we’re […]
Top-ranked Rockefeller book at center of publishing mystery
A print copy of “The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom” purchased on Amazon. CNBC The mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as its publisher. CNBC began […]
From DEI to abortion, these 7 questions from Trump administration hint at what federal funds it seeks to freeze
A memo suggests federally-funded programs related to supporting “illegal aliens,” foreign assistance, the U.S. International Climate Finance Plan, placing a “burden” on the use of domestic energy resources, DEIA , “gender ideology” and abortion are under scrutiny.
Starbucks adds two former Taco Bell executives ahead of earnings
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024. CNBC Starbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles. “As we focus on our ‘Back to Starbucks’ […]
