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Southwest beats earnings estimates, forecasts record revenue for current quarter

Southwest beats earnings estimates, forecasts record revenue for current quarter

Business News

A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines on Wednesday posted a surprise profit for the third quarter and said it expects to generate record sales in the last three […]

Southwest beats earnings estimates, forecasts record revenue for current quarter Read More »

NHL strikes first-ever deal with prediction markets Kalshi and Polymarket

NHL strikes first-ever deal with prediction markets Kalshi and Polymarket

Business News

The National Hockey League said Wednesday it’s reached a multi-year licensing agreement with prediction markets Kalshi and Polymarket. More sports leagues may be coming soon. Tarek Mansour, Kalsh’si co-founder and CEO, told CNBC’s “Squawk Box” the deal marked a “seminal moment” for prediction markets and the company. “A league like the NHL partnering with us

NHL strikes first-ever deal with prediction markets Kalshi and Polymarket Read More »

Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue

Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue

Business News

A screen displays that trading is halted for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE), May 4, 2023. Brendan McDermid | Reuters Western Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked

Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue Read More »

GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028

GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028

Business News

Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City. Dia Dipasupil | Getty Images NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google

GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028 Read More »

Consumers feeling ‘discount burnout’ ahead of Black Friday, Cyber Monday, survey finds

Consumers feeling ‘discount burnout’ ahead of Black Friday, Cyber Monday, survey finds

Business News

Visitors are caught in the reflection of a store offering 50% off on all items on the Third Street Promenade in Santa Monica on July 16, 2024.  Genaro Molina | Los Angeles Times | Getty Images A steady stream of promotions across the fashion industry has left consumers suffering from “discount burnout” ahead of Black

Consumers feeling ‘discount burnout’ ahead of Black Friday, Cyber Monday, survey finds Read More »

WBD rejected three Paramount takeover offers, the last for just under per share, sources say

WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say

Business News

Warner Bros. Discovery has rejected three Paramount Skydance takeover offers as it fields broad buyout interest, CNBC’s David Faber reported Wednesday, citing sources. Paramount’s last offer was for just under $24 per share and comprised of 80% cash, according to Faber, who previously reported a bid could come in at between $22 and $24 per

WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say Read More »

Here’s how much prices are rising across the fashion industry

Here’s how much prices are rising across the fashion industry

Business News

People shop for clothing at a Costco store in Monterey Park, California on November 22, 2022. Frederic J. Brown | Afp | Getty Images Prices are rising across the fashion industry – with jackets and outerwear seeing the steepest year-over-year increases, according to a new report from consulting firm AlixPartners published Wednesday.  The firm analyzed

Here’s how much prices are rising across the fashion industry Read More »

Mattel misses Wall Street estimates as North American sales sink

Mattel misses Wall Street estimates as North American sales sink

Business News

The Mattel, Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Barbie-maker Mattel posted third-quarter results after the market close on Tuesday that missed analysts’ expectations as ongoing global

Mattel misses Wall Street estimates as North American sales sink Read More »

Netflix shares drop after streamer misses earnings estimates, citing Brazilian tax dispute

Netflix shares drop after streamer misses earnings estimates, citing Brazilian tax dispute

Business News

The Netflix logo is displayed at Netflix studios on October 7, 2025 in Los Angeles, California. Mario Tama | Getty Images Shares of Netflix fell as much as 7% after the company posted a third-quarter earnings miss after the closing bell Tuesday. The streamer cited an ongoing dispute with Brazilian tax authorities for the weaker-than-estimated

Netflix shares drop after streamer misses earnings estimates, citing Brazilian tax dispute Read More »

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