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Air travel will return to normal by Wednesday, Transportation Secretary Duffy says

Air travel will return to normal by Wednesday, Transportation Secretary Duffy says

Business News

Transportation Secretary Sean Duffy said the Federal Aviation Administration needs two more days to fully recover from the significant flight disruptions that came over the weekend due to the massive winter storm that swept across the country. In an interview Monday on CNBC’s “Squawk Box,” Duffy said the FAA is targeting Wednesday as the day […]

Air travel will return to normal by Wednesday, Transportation Secretary Duffy says Read More »

Target’s incoming CEO calls Minneapolis violence ‘incredibly painful,’ does not mention Trump or shootings by federal agents

Target’s incoming CEO calls Minneapolis violence ‘incredibly painful,’ does not mention Trump or shootings by federal agents

Business News

Fiddelke, Target’s chief operating officer, will step into the CEO role on Feb. 1. In the video message to employees, he said he’s looking forward to starting the job in a week and “this isn’t the first message I imagined I’d send.” He said he’s “been meeting with a range of leaders and this weekend

Target’s incoming CEO calls Minneapolis violence ‘incredibly painful,’ does not mention Trump or shootings by federal agents Read More »

Auto executives are hoping for the best and planning for the worst in 2026

Auto executives are hoping for the best and planning for the worst in 2026

Business News

U.S. President Donald Trump and CEO of Ford Jim Farley clap, as President Trump visits a Ford production center, in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters DETROIT — The only consistency has been inconsistency for the U.S. automotive industry during the first half of this decade — a trend that’s expected

Auto executives are hoping for the best and planning for the worst in 2026 Read More »

Wall Street braced for a private credit meltdown. The risk of one is rising

Wall Street braced for a private credit meltdown. The risk of one is rising

Business News

The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and opaque corner of Wall Street lending into the spotlight. Private credit, also known as direct lending, is a catch-all term for lending done by nonbank institutions. The practice has been around for decades but surged

Wall Street braced for a private credit meltdown. The risk of one is rising Read More »

Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push

Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push

Business News

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according

Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push Read More »

Why a niche category of CRE lending is suddenly seeing record deals

Why a niche category of CRE lending is suddenly seeing record deals

Business News

Wepro | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight

Why a niche category of CRE lending is suddenly seeing record deals Read More »

Advisors to the ultra rich say AI isn’t a gamechanger for landing new clients

Advisors to the ultra rich say AI isn’t a gamechanger for landing new clients

Business News

D3sign | Moment | Getty Images 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. Market data firms have been pitching artificial intelligence as the key to locating elusive ultra-high-net-worth clients. But

Advisors to the ultra rich say AI isn’t a gamechanger for landing new clients Read More »

What obesity drugmakers see next in the market: More pills, easier access and drug combinations

What obesity drugmakers see next in the market: More pills, easier access and drug combinations

Business News

A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images The future of the booming obesity drug market won’t hinge on drugs that deliver greater weight loss alone.  Top executives from drugmakers big and small told CNBC that the next phase

What obesity drugmakers see next in the market: More pills, easier access and drug combinations Read More »

Paramount is betting European regulators won’t approve WBD-Netflix. Here’s how it could play out

Paramount is betting European regulators won’t approve WBD-Netflix. Here’s how it could play out

Business News

A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. The future of the Warner Bros. Discovery company — its iconic movie studio, HBO Max

Paramount is betting European regulators won’t approve WBD-Netflix. Here’s how it could play out Read More »

Capital One is buying startup Brex for .15 billion in credit card firm’s latest deal

Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal

Business News

Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring startup Brex for $5.15 billion. The credit card lender said it would pay for the company, known as a startup that lends to other startups, for 50% cash and 50% stock. Shares of the bank fell about 4% after

Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal Read More »

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