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BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold

BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold

Robin Vince President & CEO BNY Mellon, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC BNY, which calls itself the world’s largest custody bank, is raising a pair of key performance targets as CEO Robin Vince says a turnaround that began when he […]

BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold Read More »

Boeing outsold Airbus last year for first time since 2018, deliveries rise to 600

Boeing outsold Airbus last year for first time since 2018, deliveries rise to 600

A Boeing Co. 737 Max airplane at the company’s manufacturing facility in Renton, Washington, US, on Thursday, Nov. 20, 2025. David Ryder | Bloomberg | Getty Images Boeing logged net orders for 1,173 airplanes last year, marking the first time it outsold its European rival Airbus since 2018, the latest sign of Boeing’s recovery. Boeing

Boeing outsold Airbus last year for first time since 2018, deliveries rise to 600 Read More »

Microsoft says communities won’t see energy price hikes near data centers as utility costs rise

Microsoft says communities won’t see energy price hikes near data centers as utility costs rise

Microsoft on Tuesday promised that consumers won’t pay more when the software maker sets up data centers nearby. The company also committed to replenish more water than it uses, and to add to local tax bases in places where it has data centers. “Our pledge to each of these communities is that we will pay

Microsoft says communities won’t see energy price hikes near data centers as utility costs rise Read More »

JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’

JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’

JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump’s demand for credit card price controls, saying “everything’s on the table.” “If you wind up with weakly supported directives to radically change our business that aren’t justified, you have to assume that everything’s on the table,” Barnum said in a call

JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’ Read More »

The market’s Powell reaction, JPMorgan earnings, Siri’s AI upgrade and more in Morning Squawk

The market’s Powell reaction, JPMorgan earnings, Siri’s AI upgrade and more in Morning Squawk

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Nothing quite says the holidays are over like the beginning of a new corporate earnings season. Stock futures are ticking lower this morning following a winning day. Here are five key things investors need to know to start the trading

The market’s Powell reaction, JPMorgan earnings, Siri’s AI upgrade and more in Morning Squawk Read More »

Fanatics to launch sports media and entertainment studio

Fanatics to launch sports media and entertainment studio

Fanatics CEO Michael Rubin shake hands with a collector during the 45th National Sports Collectors Convention at the Donald E. Stephens Convention Center in Rosemont, Illinois, July 31, 2025. Audrey Richardson | The Washington Post | Getty Images Sports merchandising giant Fanatics announced on Tuesday the launch of Fanatics Studios, a media and entertainment studio

Fanatics to launch sports media and entertainment studio Read More »

Delta CEO sees record earnings in reach again thanks to high-end travel demand

Delta CEO sees record earnings in reach again thanks to high-end travel demand

A Delta Air Lines Boeing 767-332(ER). Joan Valls | Nurphoto | Getty Images Delta Air Lines‘ earnings could jump more than 20% this year from 2025 thanks to robust travel demand, particularly at the high end of the market, and potentially reach a record, CEO Ed Bastian said. Delta on Tuesday forecast adjusted earnings per

Delta CEO sees record earnings in reach again thanks to high-end travel demand Read More »

Trump says Microsoft will make changes to ensure consumers don’t pay for power used in AI buildout

Trump says Microsoft will make changes to ensure consumers don’t pay for power used in AI buildout

US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Saturday, Dec. 13, 2025. Trump said there will be “serious retaliation” after two US Army soldiers and an interpreter were killed in Syria on Saturday, and three other

Trump says Microsoft will make changes to ensure consumers don’t pay for power used in AI buildout Read More »

Allegiant to buy rival budget airline Sun Country in .5 billion cash and stock deal

Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal

An Allegiant Airlines jet flies out of Las Vegas Airport. Nick Potts | Getty Images Allegiant Travel said Sunday it is acquiring fellow leisure carrier Sun Country in a $1.5 billion cash and stock deal, including debt, a plan that comes as budget airlines in the U.S. have faced a surge in costs following the

Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal Read More »

Meta urges Australia to rethink under-16 social media ban after blocking over 500,000 accounts

Meta urges Australia to rethink under-16 social media ban after blocking over 500,000 accounts

Australia blocked teens from using social media in December in a new regulation. George Chan | Getty Images News | Getty Images Meta has issued new pleas to the Australian government to reconsider its recently enforced social media ban for under 16s, after the tech giant blocked over half a million accounts on its platforms

Meta urges Australia to rethink under-16 social media ban after blocking over 500,000 accounts Read More »

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