Month: May 2025
Former FAA Acting Administrator: Our air traffic control system is safe, but needs modernizing
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Billy Nolen, Archer Aviation chief safety officer and former FAA Acting Administrator, joins ‘Squawk Box’ to discuss the ongoing air traffic chaos at Newark Liberty International Airport, state of the aging U.S. aviation infrastructure and staffing shortages, what’s needed to modernize the […]
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Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
Key Points Banks quickly raised interest rates to record levels and added new monthly fees on credit cards last year when a Consumer Financial Protection Bureau rule threatened a key revenue source for the industry. Now they’re far more reluctant to reverse those steps, even after bank trade groups succeeded in killing the CFPB rule […]
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European markets edge lower as corporate earnings remain in focus; Novo Nordisk jumps 4%
German factory orders jumped more than expected in March ERGOLDING, GERMANY – OCTOBER 25: An employee during the final check while Bavarian Minister of State Florian Herrmann attends the opening of the new electric car motor housing production line at the BMW Landshut factory on October 25, 2024 in Ergolding, Germany. Analysts are predicting a […]
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Trump tariffs and export curbs on China cast a cloud over major chip stocks
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images Uncertainty — that was the theme during earnings season for the world’s biggest semiconductor firms which are unclear on demand for their products as a result of changing U.S. tariff policy and export restrictions that have been […]
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Why Indian markets are undeterred by strikes against Pakistan
Pakistani soldiers take security measures around the city as the people panic during blackout after India launches strikes on Pakistan, in Muzaffarabad, Pakistan on May 7, 2025. Anadolu | Anadolu | Getty Images Investors are sticking with the India story, with optimism on its growth prospects dwarfing geopolitical fears. Indian markets shrugged off the latest […]
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Investors fled to Europe and Japan after Trump’s tariffs jolted U.S. markets, Bank of America says
U.S. President Donald Trump delivers remarks at the White House in Washington, D.C., on April 2, 2025. Brendan Smialowski | Afp | Getty Images Stocks on Wall Street and beyond have been rocked by volatility in recent weeks, as U.S. President Donald Trump rolled out some tariffs, paused others, and ramped up duties on Chinese […]
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Amazon says new warehouse robot can ‘feel’ items, but won’t replace workers
There’s a new warehouse robot at Amazon that has a sense of touch, allowing it to handle a job previously only done by humans. Amazon unveiled the robot, called Vulcan, Wednesday at an event in Germany. CNBC got an exclusive first look at Vulcan in April, as it stowed items into tall, yellow bins at […]
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Novo Nordisk cuts 2025 guidance as drug copycats hit Wegovy sales, posts first-quarter profit beat
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Novo Nordisk on Wednesday reported a better-than-expected rise in […]
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CNBC Daily Open: Countries want to strike deals with U.S. — but are also making them without it
U.S. President Donald Trump holds a meeting of the Fifa Task Force at the White House in Washington, D.C., U.S., May 6, 2025. Kent Nishimura | Reuters After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent days. Indeed, […]
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Tech giant Seagate sees hard drive capacity tripling by 2030 on booming AI demand
Seagate Technology’s headquarters in Scotts Valley, California. Tony Avelar | Bloomberg | Getty Images Data storage firm Seagate is working to develop a 100-terabyte hard drive by 2030, touting blistering demand from data centers for the 70-year-old technology in the artificial intelligence boom. BS Teh, Seagate’s chief commercial officer, told CNBC that the company is […]
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