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Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’
CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer's recent turnaround is a "mirage" that is being propped up by unstable…
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests.The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the American Bankers…
The Juan Soto wealth effect: Soaring athlete salaries attract wealth management firms
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Skyrocketing salaries…
These restaurant chains closed locations in 2024
A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come.Inflation-weary consumers pulled back their restaurant spending in 2024 and…
The housing market is heading into 2025 with a worrying supply trend
There's good news in the housing market to close out 2024: there's a lot more supply. The bad news: a lot of that supply is stale, sitting unsold for much longer than usual. Active listings in November were 12.1% higher than they were in…
Horse racing is set for a resurgence, even as America’s oldest track closes
America's oldest horse racetrack is closing after running its last race on the final weekend of 2024. Freehold Raceway in New Jersey, co-owned by Penn Entertainment, tried for decades to land a casino but failed. Like many tracks around…
Hundreds of American Airlines flights delayed after glitch briefly grounded planes
American Airlines planes sit by their gates at the Miami International Airport on October 25, 2024 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines briefly grounded its U.S. flights Tuesday morning due to a technical problem,…
Jeju Air plane crash raises questions about concrete wall at the end of the runway
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | ReutersAviation experts are questioning the role of an airport design…
Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection
The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024.SeongJoon Cho | Bloomberg | Getty ImagesBoeing shares were down more about 2% in afternoon trading Monday, after…
Ad revenue should stabilize for media companies in 2025 — if they have sports
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball…