business news
Trump administration in advanced talks for Spirit Airlines rescue package, source says
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to […]
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Nvidia backs AI company Vast Data at $30 billion valuation
Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among those backing the AI company. Founded in 2016, Vast makes software infrastructure for managing large amounts of data, with a focus on AI applications. The company says it supports projects powering millions of GPUs. Customers include CoreWeave, […]
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Life sciences lab real estate is clawing back from disaster. Here’s what that means for investors
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Life […]
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Ceasefire extension, Best Buy’s new CEO, Amazon’s GLP-1 push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. With all the volatility in the oil market, I found it helpful to look at this timeline for a reminder of all that’s happened over the last eight weeks. Stock futures are higher this morning. All three major indexes closed […]
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United Airlines CEO on merger rumors: We want to create a truly globally competitive U.S. airline
CNBC’s Phil LeBeau and United Airlines CEO Scott Kirby joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, reports of the company’s interest in a potential merger with American Airlines, impact of the rising jet fuel prices, future of Spirit Airlines, travel demand outlook, and more. Source
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Google unveils chips for AI training and inference in latest shot at Nvidia
Google CEO Sundar Pichai gestures during a meeting with France’s President Emmanuel Macron on the sidelines of the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images After years of producing chips that can both train artificial intelligence models and handle inference work, Google is separating those […]
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Retail traders can now get long OpenAI as Robinhood’s venture fund takes a stake
Samuel Boivin | Nurphoto | Getty Images Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced Wednesday. The Robinhood Ventures Fund I (RVI), which provides investors with exposure to several private tech companies, invested $75 million in the artificial intelligence giant. The fund went […]
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Stocks making the biggest moves premarket: GE Vernova, Vertiv, Best Buy & more
Check out the companies making the biggest moves premarket: United Airlines — Shares rose more than 1.5% even after the airline posted disappointing guidance for its current quarter and full year as rising fuel prices pressure its outlook. United expects 2026 adjusted earnings of between $7 and $11 per share, down from prior guidance of […]
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Treasury yields unmoved as investors digest U.S.-Iran ceasefire extension
Security personnel stand guard at a security checkpost along a road temporarily closed near the Serena Hotel at the Red Zone area in Islamabad on April 20, 2026, ahead of anticipated US-Iran peace talks. Aamir Qureshi | Afp | Getty Images U.S. Treasury yields were broadly flat on Wednesday after President Donald Trump announced an […]
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U.S. stocks have underperformed global rivals this year — 3 reasons why fortunes could reverse
The S & P 500 has underperformed most stock markets in Europe and Asia since the start of 2025, but that trend could be ripe for a reversal of fortunes, according to strategists at Barclays. The large-cap U.S. index has returned 3% year-to-date as of April 22 , while other markets have pulled ahead, continuing […]
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