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Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down

Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down

Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand. Delta expects revenue in the quarter ending March 31 to rise no more than 5%

Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down Read More »

Here’s why banks don’t want the CFPB to disappear

Here’s why banks don’t want the CFPB to disappear

Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.  Tom Williams | Cq-roll Call, Inc. | Getty Images For years, American financial companies have fought the Consumer Financial Protection

Here’s why banks don’t want the CFPB to disappear Read More »

RFK Jr. could further deter childhood vaccinations as rates fall in the U.S.

RFK Jr. could further deter childhood vaccinations as rates fall in the U.S.

Robert F. Kennedy Jr. speaks in the Oval Office of the White House, on the day he is sworn in as secretary of Health and Human Service in Washington, D.C., U.S., Feb. 13, 2025.  Nathan Howard | Reuters The nation’s new top health official could further erode already falling U.S. vaccination rates against once-common childhood

RFK Jr. could further deter childhood vaccinations as rates fall in the U.S. Read More »

Goodyear Tire’s transformation plan is underway — in the sky and on the ground

Goodyear Tire’s transformation plan is underway — in the sky and on the ground

A Goodyear blimp flies  Goodyear  AKRON, Ohio — Does the Goodyear blimp sell tires? That was one question veteran auto executive Mark Stewart had when he started as CEO of Goodyear Tire & Rubber Co. a little more than a year ago, seeking to lead a transformation plan for the quintessential American company. For a

Goodyear Tire’s transformation plan is underway — in the sky and on the ground Read More »

Family office dealmaking doubled in February with bets on crab shells, nuclear reactors and more

Family office dealmaking doubled in February with bets on crab shells, nuclear reactors and more

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. Last month, family offices made at least 48 direct investments, double that of the month prior, according to data

Family office dealmaking doubled in February with bets on crab shells, nuclear reactors and more Read More »

Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power

Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power

A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles.  Robyn Beck | AFP | Getty Images Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than

Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power Read More »

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