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Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, on April 15, 2025. Bloomberg | Bloomberg | Getty Images Boeing‘s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says Read More »

High school sports at PBS stations could be at risk with potential federal funding cuts

High school sports at PBS stations could be at risk with potential federal funding cuts

Iowa PBS covers the 2024 State Girls Softball Championships live from Fort Dodge, Iowa in July 2024. Courtesy: Iowa PBS High school sports games and related coverage have become some of the most popular local programs on PBS stations across the U.S., especially in states without professional sports. PBS stations in states like South Dakota,

High school sports at PBS stations could be at risk with potential federal funding cuts Read More »

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells. For

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics Read More »

United Airlines plans to return to JFK — again — in new partnership with JetBlue

United Airlines plans to return to JFK — again — in new partnership with JetBlue

A United Airlines plane takeoff as a JetBlue plane is landing at San Francisco International Airport (SFO) in San Francisco, California, United States on June 8, 2023. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines has a new friend in Queens. The airline is returning to New York’s John F. Kennedy International Airport

United Airlines plans to return to JFK — again — in new partnership with JetBlue Read More »

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to  billion deal

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal

Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England.  Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal Read More »

The U.S. now has a third of the world’s millionaires and billionaires

The U.S. now has a third of the world’s millionaires and billionaires

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. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint

The U.S. now has a third of the world’s millionaires and billionaires Read More »

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty Read More »

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs

Shares of Abercrombie & Fitch soared on Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million.  The company is now expecting full year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40.

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs Read More »

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California.  Justin Sullivan | Getty Images Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming Read More »

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