Airline execs predict record summer, even more demand for first class
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there is no sign of slowing demand for flights. United Airlines “as an airline and as an industry” will carry record […]
AMC’s stock continues rally, on pace for best two-day stretch since October
Shares of AMC Entertainment Holdings Inc. continued their rally Wednesday, climbing 7.2% after ending Tuesday’s session up 10.1% to register their biggest gain since February.
Eli Lilly’s Zepbound, Mounjaro in short supply through June, FDA says
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Brendan McDermid | Reuters Most doses of Eli Lilly‘s highly popular weight loss drug Zepbound and diabetes counterpart Mounjaro will be in short supply through the second quarter of this year as demand jumps, according […]
Superyacht sales plunge as Russian oligarchs drop out of the market
A water slide on Savannah, a 274-foot hybrid superyacht. Courtesy of Northrup & Johnson A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Superyachts sales took a dive in 2023, as long […]
Abbott Labs’ first-quarter results top estimates amid strong medical-device sales
Abbott Laboratories on Wednesday reported first-quarter sales and profit that topped expectations amid strength in its medical-device business.
Morgan Stanley (MS) earnings Q1 2024
Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. Here’s what the company reported: Earnings: $2.02 a share, vs. $1.66 expected, according to LSEG Revenue: $15.14 billion, vs. expected $14.41 billion The bank said first-quarter profit rose 14% from a year […]
United Airlines rallies on profit forecast. But it’s adapting to the ‘reality’ of Boeing’s difficulties.
Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline forecast a second-quarter profit that was above expectations, helped by strong demand and a rebound in business travel.
Johnson & Johnson (JNJ) earnings Q1 2024
An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street’s expectations as sales in its medical devices business surged. Meanwhile, the company’s total revenue for the […]
State tax officials use AI to go after wealthy payers
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as the IRS makes headlines for cracking down […]
Masters winner Scottie Scheffler has already won $15 million this year — almost twice as much as any other golfer
‘I don’t plan on taking my eye off the ball anytime soon,’ Scheffler said about his dominant run.
