Month: October 2025
Delta Air Lines CEO Ed Bastian: Q3 results represent about 60% of overall industry profits
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau and Delta Air Lines CEO Ed Bastian join ‘Squawk Box’ to discuss the company’s quarterly earnings results, state of consumer travel demand, impact of airport staffing issues, corporate travel demand, and more. Source
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Novo Nordisk to buy Akero for up to $5.2 billion for promising liver drug
A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | Reuters Novo Nordisk said on Thursday it would buy Akero Therapeutics for up to $5.2 billion to add its promising experimental liver disease drug, in the first major deal […]
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Family offices still bet on AI and health care even as deals slow down
Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images A version of this article first appeared in CNBC’s Inside Wealth […]
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Delta CEO says government shutdown hasn’t impacted airline’s operation
A Delta Air Lines Airbus A220 airplane prepares to takeoff at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 10, 2025. Saul Loeb | Afp | Getty Images Delta Air Lines CEO Ed Bastian told CNBC that the carrier’s operation is running smoothly despite the federal government shutdown, but if it goes another […]
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Ferrari shares plunge 14% after carmaker updates guidance, halves EV sales target
A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Bloomberg | Bloomberg | Getty Images Shares of Ferrari plunged more than 14% on Thursday after the luxury carmaker updated its full-year and 2030 guidance and scaled back its electrification ambitions. The Maranello, Italy-based […]
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Delta’s profit forecast tops estimates, buoyed by higher fares and resilient luxury demand
Delta Air Lines Flight Museum in Atlanta, Ga. Leslie Josephs/CNBC Delta Air Lines forecast a better-than-expected end to 2025 thanks to rising airfares and resilient luxury travel demand. The airline on Thursday projected adjusted earnings of between $1.60 and $1.90 a share for the fourth quarter, compared with the $1.65 per share analysts polled by […]
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Top House Democrat seeks Jeffrey Epstein financial records from Dimon, other bank CEOs
Jeffrey Epstein in 2004. Rick Friedman | Corbis News | Getty Images A top House Democrat asked four major bank CEOs to share a slew of financial records related to Jeffrey Epstein, pushing forward an investigation into the notorious sex predator, after the lawmaker’s effort to subpoena the banks for the documents was blocked by […]
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China’s Golden Week travel boom masks a bruising price war
Tourists visit the Confucius Temple market area in Nanjing, Jiangsu province, China, on Oct. 1, 2025. Cfoto | Future Publishing | Getty Images BEIJING — The latest sign of hyper-competition, or “involution,” has emerged in China’s tourism industry, adding to concerns about growing deflationary pressure in the broader economy. Over the Oct. 1 to 8 […]
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Orsted to cut 2,000 jobs as Trump’s offshore wind battle continues
Picture taken on September 4, 2023 shows windmills at the Nysted Offshore Wind Farm constructed by Danish windpower giant Orsted in 2002-2003 in the Baltic Sea near Gedser in Denmark. Thomas Traasdahl | Afp | Getty Images Beleaguered wind farm operator Orsted announced Thursday that it intends to reduce its workforce by a quarter toward […]
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OpenAI expands budget-friendly ChatGPT Go to 16 more countries in Asia
OpenAI’s ChatGPT Go has expanded to a total of 18 countries across Asia, according to an announcement made yesterday. Nurphoto | Nurphoto | Getty Images OpenAI has expanded its lower-cost subscription plan, ChatGPT Go, to 16 more countries across Asia, company head Nick Turley announced Thursday. “Making ChatGPT more affordable has been a key ask […]
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