JetBlue forecasts ongoing losses, Spirit antitrust trial begins
The JetBlue drop-off area at New York’s LaGuardia Airport on Oct. 31, 2023. Leslie Josephs/CNBC JetBlue Airways stock tumbled to a nearly 12-year low Tuesday as the company forecast a loss for the fourth quarter and heads to court to defend its acquisition of budget carrier Spirit Airlines, a purchase it argues is crucial to […]
The White House says it wants to help retirement savers avoid billions of dollars in ‘junk fees’
President Biden’s newest retirement savings proposal announced Tuesday is a nod to the late fiduciary rule, touted as requiring financial advisers to always act in their clients’ best interests. The proposal, expected to be officially unveiled Tuesday, will focus on “junk fees,” including the payment financial advisers get for recommending one investment product over another, […]
Pfizer (PFE) Q3 earnings report 2023
CFOTO | Future Publishing | Getty Images Pfizer on Tuesday reported a narrower-than-expected adjusted loss for the third quarter as the drugmaker recorded charges largely related to struggles for its Covid antiviral treatment Paxlovid and the Covid vaccine. Pfizer said it recorded a $5.6 billion charge for inventory write-offs in the third quarter due to […]
Infiniti plans update of an aging lineup; previews four new models
Close followers of the automotive world have voiced a common complaint over the last few years: the Infiniti lineup has grown stale. But the company has a plan for that. Nissan’s luxury marque used last week’s Japan Mobility Show (formerly the Tokyo Auto Show) to show off a brand renaissance of four new models, one […]
‘Five Nights at Freddy’s’ dominates Halloween box office
A scene from the film “Five Nights at Freddy’s.” Universal Pictures If anything was going to topple Taylor Swift at the box office, it had to be a killer animatronic bear, right? “Five Nights at Freddy’s,” the new Universal-Blumhouse horror offering set in an abandoned Chuck E. Cheese-type kids’ pizza parlor, scored an estimated $78 […]
I’m 35 and mortgage-free. My boyfriend, 55, wants me to move in and pay rent.
Dear Moneyist, I’m 35 and have been dating a man 20 years older than me; he is 55. I have a 5-year-old child. Things were going well until we started having conversations about the relationship being serious and possibly merging our assets. He shared his home with his ex-wife after being married for 20 years. […]
McDonald’s, Chipotle to raise California menu prices as wages rise
Chipotle and McDonald’s fast-food restaurants in Chinatown in Washington, D.C. Jeff Greenberg | Universal Images Group | Getty Images McDonald’s and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state’s minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in recent days. McDonald’s […]
Pentagon awards satellite contracts to Northrop Grumman, York
An artist illustration shows the functions of the Space Development Agency’s satellite constellation. Space Development Agency The Pentagon’s Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites. The SDA is having the pair of companies build 100 satellites as part of a network […]
Auddia to appeal Nasdaq delisting decision
Auddia AUUD, -3.22% said Monday it received written notice from Nasdaq staff on Oct. 24 that it hadn’t regained compliance with the exchange’s bid price requirement, and staff would delist the company’s stock unless an appeal was filed. The company said it planned to file its appeal and address compliance with the bid price requirement. […]
GM, UAW reach tentative agreement to end labor strike
DETROIT — The United Auto Workers and General Motors have agreed to a deal that will put an end to collective bargaining talks between the union and Detroit automakers following more than six weeks of targeted U.S. labor strikes, sources told CNBC. GM is the final Detroit automaker to reach a deal with the union following […]
