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Business — Latest

Spirit Airlines could liquidate as early as this week, sources say

Apr 17, 17:50 UTC • www.cnbc.com
TL;DR: The carrier is facing the added challenge of a spike in the price of fuel. Fuel is airlines' biggest expense after labor…

The carrier is facing the added challenge of a spike in the price of fuel. Fuel is airlines' biggest expense after labor.

Netflix was long 'a builder not a buyer.' Is that era over?

Apr 17, 15:39 UTC • www.cnbc.com
TL;DR: Netflix co-CEO Ted Sarandos said during an investor call that the company built its "M&A muscle" during its pursuit of WBD's assets…

Netflix co-CEO Ted Sarandos said during an investor call that the company built its "M&A muscle" during its pursuit of WBD's assets.

Some grocers are using AI to cut food waste and boost profit margins

Apr 17, 14:24 UTC • www.cnbc.com
TL;DR: Grocers turn to AI pricing to cut waste, protect margins and compete for deal-seeking shoppers—targeting dynamic pricing discounts…

Grocers turn to AI pricing to cut waste, protect margins and compete for deal-seeking shoppers—targeting dynamic pricing discounts.

Netflix stock sinks after streamer reiterates guidance, says Reed Hastings to exit board

Apr 17, 02:22 UTC • www.cnbc.com
TL;DR: Netflix beat expectations for Q1 revenue and reported a big jump in earnings per share thanks in part to a termination fee related to its proposed WBD deal…

Netflix beat expectations for Q1 revenue and reported a big jump in earnings per share thanks in part to a termination fee related to its proposed WBD deal.

Airline CEOs urged by lawmaker to lower fares if fuel prices come down

Apr 16, 15:07 UTC • www.cnbc.com
TL;DR: Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28…

Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.

How the wealthy are planning to cut their 2026 tax bills

Apr 16, 13:57 UTC • www.cnbc.com
TL;DR: Lawyers and advisors to the wealthy share tax tactics from long-short equity strategies to front-loading charitable gifts…

Lawyers and advisors to the wealthy share tax tactics from long-short equity strategies to front-loading charitable gifts.

Why foreign automakers dominate the sedan market

Apr 16, 11:30 UTC • www.cnbc.com
TL;DR: SUVs may have taken over America, but high prices and oversaturation are pushing some customers — and automakers — back to sedans…

SUVs may have taken over America, but high prices and oversaturation are pushing some customers — and automakers — back to sedans.

Ford EV chief leaving automaker amid new restructuring efforts

Apr 15, 21:11 UTC • www.cnbc.com
TL;DR: The departure was announced alongside Ford detailing a new restructuring that includes the establishment of a "Product Creation and Industrialization" unit…

The departure was announced alongside Ford detailing a new restructuring that includes the establishment of a "Product Creation and Industrialization" unit.

Lucid names auto industry outsider as CEO, expands Uber deal

Apr 14, 21:43 UTC • www.cnbc.com
TL;DR: Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive…

Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive.

Jamie Dimon says Anthropic's Mythos reveals 'a lot more vulnerabilities' for cyberattacks

Apr 14, 20:55 UTC • www.cnbc.com
TL;DR: The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems…

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.

Citigroup beats estimates, boosted by gains in fixed income 

Apr 14, 14:49 UTC • www.cnbc.com
TL;DR: Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. …

Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. 

Goldman Sachs tops estimates on record equities trading

Apr 13, 21:21 UTC • www.cnbc.com
TL;DR: Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue…

Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue.

Wall Street still loves streaming, but are its affections well placed?

Apr 13, 19:22 UTC • www.cnbc.com
TL;DR: While streaming continues to drive media stocks, especially around quarterly earnings, it's not clear when it will start driving profits for smaller players…

While streaming continues to drive media stocks, especially around quarterly earnings, it's not clear when it will start driving profits for smaller players.

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