Browsing Category
Business
Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCPresident Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes.The jets are…
Forever 21 is in talks with liquidators, indicating it’s struggling to find a buyer
Beleaguered retailer Forever 21 is in talks with liquidators about future steps for the fast fashion company, according to people familiar with the matter — a sign that it's struggling to find a buyer as it mulls a second bankruptcy…
Carvana expects another ‘strong’ year after topping fourth-quarter expectations
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana topped Wall Street's top- and bottom-line expectations for the fourth quarter while guiding for another "strong" year in 2025.Carvana, as it has…
Embattled EV maker Nikola files for Chapter 11 bankruptcy protection
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.Massimo Pinca | ReutersDETROIT — Nikola Corp.…
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low
Sentiment among the nation's single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly.The National Association of Home Builders'…
KFC moves U.S. headquarters from Kentucky to Texas
Signage outside a Yum Brands Inc. KFC restaurant in Shelbyville, Kentucky, on Jan. 29, 2021.Luke Sharrett | Bloomberg | Getty ImagesKFC is leaving Kentucky.The fried chicken chain's U.S. headquarters will move from Louisville, Kentucky,…
Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed…
Delta plane crashes on landing at Toronto airport, injuring at least 15
First responders work at the Delta Air Lines plane crash site at Toronto Pearson International Airport in Mississauga, Ontario, Canada February 17, 2025.Arlyn Mcadorey | ReutersAt least 15 people were injured after a Delta Air Lines…
Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including
The Zelle icon is displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesZelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever…
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.The bank's retail customers are spending about 6%…