business news
Comcast beats revenue, earnings expectations as broadband losses improve
Comcast topped Wall Street’s revenue and earnings estimates for the first quarter on Thursday, lifted by NBC’s sports slate in February and improving broadband customer losses. The company said it lost 65,000 broadband customers compared with 183,000 losses in the same period last year. Heightened competition from wireless providers like Verizon and T-Mobile has led […]
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Oil giant BP suffers shareholder revolt over climate transparency at tense AGM
BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — British energy major BP suffered a shareholder revolt at its annual general meeting on Thursday, following a tense clash with investors over corporate governance and climate transparency. […]
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Tesla earnings, the future of Spirit Airlines, WBD shareholder vote and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. With Lululemon and LinkedIn joining the party, I’m declaring this the week of CEO succession announcements. Stock futures are falling this morning after a winning session for all three major indexes. Here are five key things investors need to know […]
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American Airlines CEO says merger with United would be ‘bad for customers’
American Airlines CEO Robert Isom said a potential merger with rival United Airlines would hurt consumers and would be anti-competitive. United CEO Scott Kirby floated the idea of a possible merger with American to a Trump administration official earlier this year, according to people familiar with the matter, eyeing a global expansion that could take […]
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How the Iran war is hitting homebuilders
Key Points Homebuilder sentiment dropped sharply in April, according to a monthly index from the National Association of Home Builders. The war with Iran has pushed mortgage rates higher and layered on big increases in costs for materials and transportation due to the spike in oil prices. A slew of building suppliers reported price hikes […]
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American Airlines cuts 2026 earnings projections after surge in jet fuel
An American Airlines flight lands at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., Nov. 7, 2025. Nathan Howard | Reuters American Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year. American said it could […]
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Stocks making the biggest moves premarket: Honeywell, Nokia, Netflix, IBM, Tesla & more
Check out the companies making the biggest moves before the bell: Netflix — The streaming giant gained more than 1% after a regulatory filing showed the company authorized an additional $25 billion share buyback. Helix Energy Solutions — Shares of the offshore energy company rose more than 3% after Helix agreed to merge with privately […]
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Trump’s lack of focus on economy is spooking Republicans as 2026 election looms
US President Donald Trump speaks to reporters next to a Doordash delivery worker outside the Oval Office at the White House, in Washington, DC, April 13, 2026. Brendan Smialowski | Afp | Getty Images Over the span of four days earlier this month, President Donald Trump posted to his Truth Social account about his proposed […]
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Gas prices are rising, but don’t count on significantly lower car insurance premiums as a result
A customer fills his vehicle with fuel at a gas station on April 13, 2026 in Miami, Florida. As the United States military blockades the Strait of Hormuz fuel prices rose above $100 dollars a barrel. Joe Raedle | Getty Images As war in the Middle East pushes the national average for gas to around […]
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Oil exporters scramble for routes beyond Hormuz — but options are constrained
Maps4Media processed and enhanced Sentinal-2 satellite imagery shows a broad view of the Strait of Hormuz between southern Iran and Oman’s Musandam Peninsula, including surrounding islands, coastal terrain, and turquoise shallow-water zones at the entrance to the Persian Gulf. Maps4media | Getty Images News | Getty Images Middle Eastern oil and gas producers are still […]
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