Year: 2025
Southwest Airlines as we know it is over. Here’s what’s changing, from bag fees to basic economy
A Southwest Airlines Boeing 737 MAX is pushed back from the gate at San Diego International Airport in San Diego, Aug. 24, 2024. Kevin Carter | Getty Images Southwest Airlines announced Tuesday what was once unthinkable: It will start charging customers to check their luggage. It’s a $300 million gamble. Last year, Southwest said its […]
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Ron Baron says he won’t sell a single personal Tesla share amid the EV play’s big decline
Ron Baron, founder of Baron Capital. Anjali Sundaram | CNBC Billionaire investor Ron Baron is standing by Elon Musk’s Tesla even in the face of its dramatic sell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020. “I can’t believe how cheap they are, things that we look at,” Baron said […]
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Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk
U.S. President-elect Donald Trump walks with Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the […]
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Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to […]
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Online estate planning firm Trust & Will raises $25 million in funding round that includes Northwestern Mutual, UBS
Trust & Will founders, Cody Barbo (CEO), Brian Lamb, and Daniel Goldstein. Courtesy: Trust & Will Legal technology company Trust & Will said Tuesday that it has raised $25 million in a Series C funding round. The San Diego-based firm, ranked No. 41 on last year’s CNBC Disruptor 50 list, has now raised $75 million to date. Trust & Will […]
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Pope Francis follows Vatican spiritual retreat as doctors say he’s no longer in imminent danger
A picture of Pope Francis, a red rose and a rosary are laid at the statue of John Paul II outside the Gemelli University Hospital where Pope Francis is hospitalized with pneumonia, in Rome on March 04, 2025. Alberto Pizzoli | Afp | Getty Images Pope Francis participated remotely in the Vatican’s spiritual retreat Tuesday […]
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Nissan CEO Makoto Uchida to step down on April 1, planning officer Espinosa named successor
Nissan Motor CEO Makoto Uchida attends a press conference on February 13, 2025, in Yokohama, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Nissan CEO Makoto Uchida will step down from his position on April 1, the company said in a release Tuesday. He will be replaced by current Chief Planning Officer Ivan Espinosa. […]
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Airline CEOs warn domestic travel demand is slowing
A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023. Stefani Reynolds | AFP | Getty Images Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand. Ahead of a JPMorgan industry conference, […]
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Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
Baggage handlers load luggage onto a Southwest Airlines Boeing 737 at Austin-Bergstrom International Airport on August 24, 2024 in Austin, Texas. Kevin Carter | Getty Images News | Getty Images It’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is […]
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India’s IndusInd Bank shares plunge 27%, major shareholder urges calm
Ashok Hinduja, chairman of IndusInd International Holdings. Chandan Khanna | AFP | Getty Images The chairman of IndusInd Bank’s founding company sought to reassure investors after shares plunged over 27% on Tuesday. Ashok Hinduja, chairman of IndusInd International Holdings (IIHL), told CNBC-TV18 that the sharp fall in the bank’s share price hadn’t triggered a margin […]
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