Raytheon Technologies Corp
Stocks making the biggest moves premarket: Nvidia, Synaptics, Cloudflare, Topgolf Callaway Brands and more
Check out the companies making headlines in premarket trading. Synaptics — The semiconductor company climbed 5.9% after announcing a partnership with Google on Edge AI. Through the collaboration, Google’s machine learning core will be integrated on Synaptics’ Astra hardware. Nvidia — Shares of the chip maker popped 1.7%, marking a positive start to the new […]
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DOGE coming: Beware these stocks that get the most revenue from the government
Investors should be wary of the impacts several companies may bear from the cost-cutting goals of President-elect Donald Trump’s Department of Government Efficiency, or DOGE, according to TD Cowen. “The announcement of DOGE has led to concerns about future revenue and profitability of USG [United States government] contractors,” analyst Roman Schweizer said in a Friday […]
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Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty Images Spirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell aircraft. The carrier late Thursday laid out a plan to reduce costs and raise cash […]
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Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines on Friday said it reached an agreement with its credit card processor to again extended a debt refinancing timeline to December, hours before it was set […]
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RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. J. David Ake | Getty Images The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations […]
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Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | Reuters Spirit Airlines shares tumbled to a record low on Friday after a report that it’s exploring Chapter 11 bankruptcy protection. The carrier faces a deadline this month to renegotiate more than […]
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Trading the election: Watch these pro-Harris stocks as her odds rise following the debate
Investors and Wall Street analysts may want to take a closer look at stocks that could be winners under a President Kamala Harris after Tuesday night’s debate . The current vice president’s debate with former President Donald Trump was widely seen as a win for the Democrat, and the ods of Harris winning in November […]
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U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree
A pilot performs a walkaround before a United Airlines flight Leslie Josephs/CNBC U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of Transportation. Now the industry is cooling its hiring. Airlines are close to their […]
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Airplane engines are in short supply. The business of fixing older ones is booming
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It’s all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and overhauls of their engines. The […]
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Norway wealth fund may divest companies that aid Israel in Gaza war, occupied territories
A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog’s new, tougher interpretation of ethics standards for businesses that aid Israel’s operations in the occupied Palestinian territories. The Council on Ethics for the world’s largest sovereign wealth fund sent […]
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