Boeing warns investors to brace for steeper quarterly losses, lower revenue
Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.
Nikola shares nosedive on report of potential sale
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019. Massimo Pinca | Reuters DETROIT — Shares of Nikola closed Thursday down 27.8% after a report that the embattled electric truck maker is […]
Boeing expects $4 billion loss for fourth quarter after chaotic 2024
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 […]
Netflix’s live-sports strategy is paying off. But its next play might surprise you.
Don’t expect Netflix to go head-to-head with ESPN. Here’s where it could still shine in streaming sports.
Airlines flex pricing power, signaling higher fares in 2025
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” […]
‘My retirement is going to be a disaster’: I’m 59 and have $45,000 in my 401(k). I earn $72,000. Am I doomed?
“My student loans are burying me.”
Shein exec Donald Tang says Trump tariffs should be applied equally
A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | Reuters Shein’s ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are “applied equally,” the company’s executive chairman Donald Tang said on Thursday. “Affordability is a big anchor. … It’s the whole […]
Oil ticks higher as traders assess Trump tariff threats, await inventory data
Oil futures rose Thursday, with U.S. prices set to tally their first gain in five sessions, as traders showed concern that President Donald Trump’s threats of 25% tariffs against Canada and Mexico may crimp crude supply for U.S. refiners.
Top sports agent says WNBA salaries are ‘blatantly unfair’
The WNBA has a salary problem, and it’s “blatantly unfair to its players,” according to top sports agent Jeff Schwartz. Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to compensation in the women’s basketball league. “It’s ridiculous what women […]
U.S. stock market is ‘inflated’
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. “Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of historical […]
