Breaking News: Business
Delta Air Lines unveils first new Delta One suite in premium cabin arms race
Delta A350 fleet renderings with the next-generation Delta One suite cabin. Courtesy: Delta Delta Air Lines on Monday unveiled an updated Delta One suite for some of its longest-haul planes, marking its first refresh of the top-tier seat in a decade as airline competition for well-heeled travelers ramps up. The new suites, which Delta said […]
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OpenAI touts Amazon alliance in memo, says Microsoft has ‘limited our ability’ to reach clients
OpenAI’s newly appointed revenue chief, Denise Dresser, sent a memo to staffers on Sunday, touting the company’s alliance with Amazon as a key growth driver for its enterprise business, while noting the constraints of its longstanding tie-up with Microsoft. Dresser’s memo lands less than two months after Amazon announced plans to invest up to $50 […]
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Ineos Automotive: Startup backed by a knighted billionaire and soccer mogul wants to rekindle the rugged SUV market
Ineos Grenadier SUV Courtesy Ineos Automotive An automotive startup founded by a knighted billionaire, U.K. chemical mogul and minority owner of one of the world’s most prominent soccer clubs wants to rekindle the rugged SUV market. The company — Ineos Automotive — has produced more than 35,000 off-road SUVs and pickups since starting in 2022, […]
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How Kodak is trying to turn around its business after teetering on bankruptcy
On Jim Continenza’s first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake. The photography technology company was in the process of shutting down its acetate factory, which makes one of the key ingredients used […]
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Cathay Pacific to cut flights from mid-May to end-June as jet fuel prices surge
A Cathay Pacific Airbus A350 aircraft at Kingsford Smith Airport on August 18, 2021 in Sydney, Australia. Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong with its main hub being at Hong Kong International Airport. James D. Morgan | Getty Images News | Getty Images Cathay Pacific Airways said on Saturday it […]
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Artemis II astronauts hurtle home from moon toward splashdown
AT SEA – APRIL 10: (EDITOR’S NOTE: This Handout image was provided by a third-party organization and may not adhere to Getty Images’ editorial policy.) In this handout photo provided by NASA, NASA’s Orion spacecraft with Artemis II crewmembers NASA astronauts Reid Wiseman, commander; Victor Glover, pilot; Christina Koch, mission specialist; and CSA (Canadian Space […]
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Michael Burry says he’s still betting against Palantir after Trump post boosts stock
Key Points “Big Short” investor Michael Burry is sticking with his bearish bet against defense tech company Palantir Technologies. Burry said in a Substack post that he’s still holding long-dated put options on Palantir. He said he’s been betting against the company since the fall of 2025. The investor’s comments come as President Donald Trump […]
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The Masters has become the biggest event of the year for private jet companies
Vista House, a private home in Westlake, Georgia, sponsored by Vista Global during the Masters. Credit: VistaJet 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. Private jet companies are rolling out […]
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OpenAI slams Anthropic in memo to shareholders as its leading AI rival gains momentum
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images With Anthropic gaining momentum in the booming AI market, OpenAI sent a memo to investors this week slamming its chief […]
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DOJ launches probe into NFL over media rights packages and antitrust concerns
The U.S. Department of Justice has opened an investigation into the NFL over potential anticompetitive tactics, a government official told CNBC. The investigation stems from questions about “affordability for consumers and creating an even playing field for providers,” the official said. The government’s investigation comes as the NFL is looking to renegotiate media rights deals […]
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