Month: May 2025
Stock futures rise as S&P 500 tries to extend rally to five days: Live updates
A trader works on the floor at the New York Stock Exchange on May 12, 2025. Brendan McDermid | Reuters Stock futures rose Friday after the S&P 500 posted a four-day rally on the back of U.S. and China’s temporary tariff cuts and encouraging inflation reports. Futures tied to the Dow Jones Industrial Average added […]
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Former United Airlines CEO Oscar Munoz: Air traffic problems have been decades in the making
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Former United Airlines chairman and CEO Oscar Munoz joins ‘Squawk Box’ to discuss the failures in the air traffic control systems plaguing various U.S. airports, modernizing the outdated system, whether it’s safe to fly in the U.S. right now, and more. Source
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Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike
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. High earners would get a series of tax cuts in the latest House reconciliation plans , yet many could also be […]
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Stocks making the biggest moves premarket: Charter Communications, Doximity, Novo Nordisk and more
Check out the companies making headlines before the bell. Charter Communications — The cable stock rose 7% after Charter agreed to merge with rival Cox Communications . The combined company will change its name to Cox Communications within a year. Constellation Brands — Shares popped 3.4% after Berkshire Hathaway disclosed doubled its stake in the […]
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Novo Nordisk CEO to step down as competition weighs on Wegovy maker’s share price
Novo Nordisk CEO Lars Jorgensen testifies before a Senate Health, Education, Labor, and Pensions Committee hearing on U.S. prices for the weight loss drugs Ozempic and Wegovy, on Capitol Hill in Washington, U.S., September 24, 2024. Piroschka Van De Wouw | Reuters Novo Nordisk CEO Lars Fruergaard Jørgensen is stepping down, the Wegovy-maker said Friday, […]
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Cable companies Charter and Cox agree to merge
Sopa Images | Lightrocket | Getty Images Charter Communications and Cox Communications, two of the largest cable companies in the U.S., have entered into an agreement to merge. The deal would be one of the largest in the industry – and across corporate America – in the last year. The agreement values Cox at $34.5 […]
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Microsoft offers to sell Office without Teams to placate EU regulators
The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty Images Microsoft offered to unbundle its Office 365 and Microsoft 365 software suites from its Teams workplace communication app to address competition concerns from European regulators. The European Commission, which is the […]
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Experiences are the next chapter for the travel industry, says GetYourGuide CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Johannes Reck, CEO of GetYourGuide, discusses how consumers’ approach to travel has changed and why experiences are now the number one priority for people as they go on holiday. Source
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Fortnite is now offline on iOS worldwide as Apple blocks game, Epic Games says
Jakub Porzycki | Nurphoto | Getty Images Fortnite is now unavailable on iOS globally, Epic Games said Friday, after Apple blocked a bid to reinstate the popular game on the App Store in the U.S. “Apple has blocked our Fortnite submission so we cannot release to the US App Store or to the Epic Games […]
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Shares of Cartier owner Richemont jump 7% as shoppers splurge on jewelry despite luxury slowdown
A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont. Bloomberg | Getty Images Cartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty. Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange rates to […]
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