New Balance, WNBA sign multiyear partnership
Cameron Brink #22 of the Los Angeles Sparks plays defense against Bridget Carleton #6 of the Minnesota Lynx on June 5, 2024 at Crypto.com Arena in Los Angeles, California. Juan Ocampo | National Basketball Association | Getty Images New Balance on Tuesday announced a multiyear deal with the WNBA, joining a growing roster of backers […]
Royal Caribbean leans into shorter cruises, more experiences
With consumers getting more selective on how and where they vacation, cruise lines are fighting for Americans’ tourist budgets. Royal Caribbean thinks shortening trips and packing the days with activities and exclusive opportunities will keep customers hooked. “I think we are an experience-driven mindset,” Royal Caribbean CEO Jason Liberty told CNBC’s “Squawk on the Street” […]
Here is the real reason Elon Musk is moving SpaceX and X to Texas
Elon Musk’s reasons for moving SpaceX and X headquarters to Texas go far beyond a new California law protecting the rights of gay and transgender kids.
Spirit Airlines issues second-quarter loss warning
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations. Spirit expects to report […]
Nearly 50 million people play pickleball. Will they also try this pickleball videogame?
PPA Pickleball Tour 2025, a game that launches this week, aims to expand the audience for the sport.
6 categories cheaper today than before pandemic
It’s the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation. So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be a real shock to consumers. Since hitting 9% in June […]
IMF warns inflation may not keep falling, meaning ‘higher for even longer’ interest rates
There is a danger that inflation might stay stickier than expected, raising the prospect of “higher-for-even-longer interest rates,” the International Monetary Fund warned Tuesday in an update to its outlook for the global economy.
Morgan Stanley (MS) earnings Q2 2024
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 said second-quarter profit and revenue topped analysts’ estimates on stronger-than-expected trading and investment banking results. Here’s what the company reported: Earnings: $1.82 a share vs. […]
Bank of America (BAC) earnings Q2 2024
CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America […]
Biden proposes nationwide rent cap to lower housing costs, experts say it’s counterproductive.
President Joe Biden has proposed capping rent increases nationwide to 5%, in an attempt to reign in surging housing costs. But housing experts are calling it counterproductive.
