Christmas meltdown ‘will never happen again’
Southwest Airlines CEO Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange on Dec. 9, 2021. Brendan McDermid | Reuters With the peak Christmas travel season just days away, Southwest Airlines‘ CEO vowed that the carrier will not have a repeat of last year’s meltdown that stranded thousands of […]
Chaotic ‘triple witching’ set for Friday, as $5.3 trillion in options expire
Options contracts tied to more than $5 trillion worth of stocks, exchange-traded funds and indexes are set to expire on Friday as the latest “triple witching” expiration event collides with the rebalancing of the S&P 500 and Nasdaq-100. The result could be a high-octane, and potentially extremely volatile, session where tens of billions of contracts […]
Timothée Chalamet’s ‘Wonka’ could open with $35 million
Timothee Chalamet stars as a young Willy Wonka in Warner Bros.’ “Wonka.” Warner Bros. Discovery A younger, sweeter Willy Wonka enters theaters this weekend. Oh, and he does a lot more singing. Expectations are high that “Wonka” will deliver families to theaters, as the film has already generated goodwill with critics, scoring a clear “Fresh” […]
What retirement? Older adults work more hours for higher pay than in the past.
About one in five Americans age 65 and older worked for pay in 2023, nearly double the share of older adults who were working 35 years ago — and their hours and wages have increased. While some older adults are working by choice, others are working by necessity. But regardless of the motivation, older workers […]
Trian nominates Peltz and former Disney exec to media giant’s board
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Trian Fund Management on Thursday announced it was nominating its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo […]
MOJO youth sports streaming platform bought by TeamSnap
Former Disney TV executive Ben Sherwood coaching his son Will. Credit: Karen Sherwood While Ben Sherwood was working as a top Disney television executive, he was juggling another major commitment — one he couldn’t quite get the hang of. Sherwood traveled back and forth between the East and West Coasts to coach for his son’s […]
Bond king sees further slide in 10-year as Goldman sees three straight Fed cuts
Kudos to Fundstrat’s ever-bullish Tom Lee, one of the few to correctly predict Wednesday’s dovish turn from the Federal Reserve that has unleashed bond and stock bulls. As Lee said on X: “Powell no longer invoking Volcker— risk-on,” in reference to the ex-Fed chief who fought inflation so hard he triggered a recession. The memes […]
SpaceX value climbs to $180 billion, higher than Boeing, Verizon
SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on Nov. 18, 2023. Joe Skipper | Reuters The valuation of Elon Musk’s SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday. The company is discussing […]
China’s Country Garden makes move to aid debt restructuring
Chinese property giant Country Garden 2007, will sell a stake in a commercial center operator for about US$428 million, using the proceeds to help restructure offshore debt. The indebted developer said Thursday that a group subsidiary will sell its entire 1.79% stake in Zhuhai Wanda Commercial Management Group for 3.07 billion yuan (US$428.0 million). Net […]
Manhattan rents fall for first time in over two years
A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Manhattan rents fell for the first time in over two years, as the supply of empty apartments grew and renters held out for […]
