FAA approves SpaceX to resume Falcon 9 rocket launches
A Falcon 9 rocket launches a Starlink mission from Vandenberg Space Force Base in California on Jan. 31, 2023. SpaceX The Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk’s company planning to launch its next mission carrying satellites as soon as […]
Sales of $100 million homes set to double this year
A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios 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. […]
Why CrowdStrike is likely shielded from billions in customer losses caused by its outage
The outage is believed to have caused $5.4 billion in losses for big enterprises — but various factors help insulate the cybersecurity company.
Warner Bros. Discovery sues NBA over Amazon media rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery sued the NBA on Friday as it tries to maintain broadcast rights for a package of live games. “Given the NBA’s unjustified rejection of our matching of a third-party […]
Mohawk Industries’ stock rallies as flooring-products maker draws upgrade on boosted profit view
Mohawk Industries Inc.’s stock jumped 16% on Friday after the maker of flooring products said it would beat analyst estimates for its third quarter and revealed plans to cut more costs, and after drawing an upgrade to buy from hold from BofA Securities.
Deadpool and Wolverine box office Thursday previews
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney Disney and Marvel’s “Deadpool & Wolverine” has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an R-rated film. The latest entrant in the Marvel Cinematic Universe is […]
Why deregulation may not unlock media deals for WBD, others
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David Grogan | CNBC Comcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you’re selling, I’m not buying. “Instead of engaging in a process to buy content […]
Market bubbles expand longer than many expect. But this metric shows valuations will matter.
Valuation may not matter in the short term but it eventually does, says this fund manager
Southwest Airlines (LUV) earnings Q2 2024
Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year. Southwest said unit revenue for the current quarter could fall as much as 2% over last year and […]
Upbeat sales in Hoka, Ugg brands prompt a boost to outlook at Deckers
Deckers upped its profit forecast for the year and mentioned “robust full-price demand” for its Hoka and Ugg brands.
