Month: November 2025
Here’s how reduced flights will impact airports, travel
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Transportation Secretary Sean Duffy announced Wednesday afternoon that he will be reducing flight capacity by 10% at 40 major airports starting Friday morning, affecting roughly 3,500 to 4,000 flights daily. CNBC’s Phil LeBeau joins ‘Squawk on the Street’ to discuss the details. […]
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Alibaba-backed Moonshot releases its second AI update in four months as China’s AI race heats up
Alibaba-backed Chinese startup Moonshot has launched one of the more popular generative AI chatbots called Kimi. Sopa Images | Lightrocket | Getty Images Chinese startup Moonshot on Thursday released its latest generative artificial intelligence model which claims to beat OpenAI’s ChatGPT in “agentic” capabilities — or understanding what a user wants without explicit step-by-step instructions. […]
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Duolingo stock plunges 27% on light guidance as company prioritizes user growth
Duolingo‘s stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. “We have made a slight shift over the last quarter in how we invest, and we’re investing a lot more in long-term things because we see that as such a big opportunity ahead […]
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Judge dismisses Boeing criminal case over 737 Max crashes at DOJ request despite skepticism
Nadia Milleron, whose daughter Samya Stumo was killed in the crash of Ethiopian Airlines Flight 302, holds a sign with photos of the crash victims during a Senate Commerce, Science and Transportation Committee hearing on aviation safety and the future of the Boeing 737 Max aircraft, in the Hart Building in Washington, D.C., Oct. 29, […]
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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the […]
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Cathie Wood trims her bitcoin bull case on threat of stablecoins taking some market share
Ark Invest’s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood, CEO and chief investment officer of Ark, said Thursday on CNBC’s ” […]
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Target’s sloppier stores are wearing on shoppers, and its turnaround could hinge on cleaning them up
The Target bullseye logo is seen on the outside of its store at the Lycoming Crossing Shopping Center. Paul Weaver | Lightrocket | Getty Images Customers used to hold up Target as an example of how to run large, yet sparkling stores. Yet in recent years, shopper complaints about sloppier aisles, longer checkout lines, locked-up […]
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Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags
Chipotle Mexican Grill and Coach store logos. Getty Images Chipotle and Cava pinned weaker sales on younger customers who are pulling back and packing lunches. But Gen Z shoppers are still spending on Coach handbags to bring to work — even if they’re skipping bowls and burritos. Coach’s parent company Tapestry raised its full-year outlook […]
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Nancy Pelosi won’t seek reelection to Congress
U.S. Representative Nancy Pelosi (D-CA) takes the stage on Day 3 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 21, 2024. Kevin Wurm | Reuters Nancy Pelosi, the California Democrat who made history as the first female speaker of the House of Representatives, said Thursday she will not […]
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DraftKings takes over ESPN sports betting partnership from Penn Entertainment
The ESPN Bet logo on a laptop arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty Images Disney’s ESPN is swapping out its sports betting partner. In separate releases Thursday, the company said it was terminating its agreement with Penn Entertainment years earlier than planned and had signed […]
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