United Airlines Seatbacks Courtesy: United Airlines United Airlines‘ plan to revamp the cabins on its older narrow-body planes is running behind schedule because of supply chain strains, the carrier told CNBC this week. The upgrades include bigger premium cabins, seat-back entertainment screens throughout the planes, Bluetooth capabilities and other amenities. […]
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First Republic most likely headed for FDIC receivership, sources say; shares drop 30%
People walk in front of a First Republic Bank branch on March 20, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images Shares of First Republic dropped sharply on Friday as hopes dimmed for a rescue deal that could keep the bank afloat. Sources told CNBC’s […]
Apple employee who defrauded company of millions sentenced to three years
CFOTO | Future Publishing | Getty Images Dhirendra Prasad, a former Apple employee who defrauded the company of more than $17 million, was sentenced to three years in federal prison and ordered to pay more than $19 million in restitution, federal prosecutors have announced. Prasad pleaded guilty to conspiracy to […]
Phoenix Suns and Mercury to move games from cable to local network and streaming
A general view during the second half in Game Two of the NBA Finals between the Milwaukee Bucks and the Phoenix Suns at Phoenix Suns Arena on July 08, 2021 in Phoenix, Arizona. Christian Petersen | Getty Images Arizona’s professional men’s and women’s basketball teams are bouncing out of the […]
Crypto 101: Think you know crypto? Test your knowledge with this quiz
Bitcoin officially launched in 2009, and now, 14 years later, over 15,000 digital coins make up the cryptocurrency market, according to crypto.com. But it hasn’t exactly been a smooth ride for crypto investors. Although the industry was once valued at around $3 trillion, the crypto market lost a little over […]
First Republic’s stock stabilizes as regional bank searches for rescue deal
People walk in front of a First Republic Bank branch on March 20, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images Shares of First Republic were marginally Friday as the regional bank looks for a potential rescue deal to reshape its business after suffering massive […]
Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that the Federal Reserve watches closely. The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, in line with the Dow Jones estimate. On an annual […]
How 4 people turn ordinary skills into side hustles—and make up to $2,000 a day from rich clients
On Gloria Richards’ first day of work, she was dropped off at an airport, introduced to children she’d never met and flown on a private jet to a rented-out resort in Barbados. The 34-year-old is primarily an actress, but on the side, she’s a travel nanny for billionaires in New […]
Where the trucking and rail recession is showing up in the economic data
J.B. Hunt Transport Services president Shelley Simpson recently said the industry was in the midst of a “freight recession.” Luke Sharrett | Bloomberg | Getty Images A common talking point from executives on logistics company earnings calls this quarter when discussing weak performance — a slowdown in freight volumes — […]
Here’s how much you need to save every month to earn $60,000, $70,000 and $80,000 per year in interest for retirement
It’s never too early to start thinking about retirement. While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later. It also might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace […]