Markets
American Airlines flight attendants ratify new contract with immediate raises topping 20%
Julie Hedrick, president of the Association of Professional Flight Attendants (APFA), right, announces a strike authorization outside Dallas-Fort Worth International Airport (DFW) near Dallas, Texas, on Wednesday, Aug. 30, 2023. Shelby Tauber | Bloomberg | Getty Images American Airlines flight attendants approved a five-year labor deal, ending one of the industry’s most contentious contract negotiations […]
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American Airlines flight attendants ratify new contract with immediate raises topping 20%
Julie Hedrick, president of the Association of Professional Flight Attendants (APFA), right, announces a strike authorization outside Dallas-Fort Worth International Airport (DFW) near Dallas, Texas, on Wednesday, Aug. 30, 2023. Shelby Tauber | Bloomberg | Getty Images American Airlines flight attendants approved a five-year labor deal, ending one of the industry’s most contentious contract negotiations […]
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Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images The price of Ripple’s XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the […]
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Stocks making the biggest moves midday: Kroger, Petco, Moderna, Roku and more
Check out the companies making headlines in midday trading. Kroger – Shares of the supermarket chain rallied more than 4%. Kroger reported mixed fiscal second-quarter results, posting adjusted earnings that beat expectations by 2 cents a share. Revenues came up shy of Wall Street’s estimates. Petco — Shares of the pet retailer soared 14%. That […]
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Wholesale prices rose 0.2% in August, in line with expectations
Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The producer price index, a measure of final demand goods and services costs that producers receive, increased 0.2% on the month, the Bureau of Labor Statistics said Thursday. That matched […]
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Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
Ajit Jain at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Ajit Jain, Warren’s Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a new regulatory filing showed. The 73-year-old vice chairman of insurance operations dumped 200 shares of Berkshire Class […]
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UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank in his sights
UniCredit CEO Andrea Orcel during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images UniCredit‘s CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could […]
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Stocks making the biggest moves premarket: Moderna, Alaska Air, Oxford Industries and more
Check out the companies making headlines before the bell: Alaska Air Group — Shares gained 5% after Alaska Air Group raised its third-quarter outlook, citing strong summer demand. The airline guided for per-share earnings in the range of $2.15 and $2.25, greater than prior guidance of $1.40 to $1.60 earnings per share. Moderna — Shares […]
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Boeing faces strike threat as workers vote on new contract
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Afp | Getty Images Boeing workers are voting on a new labor contract on Thursday, setting up the potential for a crippling strike if staff members decide to reject the deal just as […]
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CNBC Daily Open: Moving past sticky core inflation
Prices are displayed in a store window in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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