CNBC News

New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter. The Commerce Department said on Thursday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business […]

Tesla CEO Elon Musk’s comments during the latest quarterly update were a hint that the electric vehicle maker will soon need to raise billions more in capital, Morgan Stanley said on Thursday. “Given improvements in efficiency and upcoming expansion plans, Mr. Musk admitted that from today’s perspective there is ‘some […]

U.S. manufacturing conglomerate 3M on Thursday said it would lay off 2,000 workers globally as it reported a lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets. The job cuts, part of moves to restructure its businesses into four operating units from five, […]

Southwest Airlines first-quarter earnings took a hit from the prolonged grounding of the Boeing 737 Max jets that forced it to cancel more than 10,000 flights during the quarter, as well as the U.S. government shutdown and maintenance issues, the company said Thursday. The airline, which has 34 of the […]

Slack Technologies is expected to reveal its filing for a direct listing on the stock market as soon as this week, The Wall Street Journal reported on Wednesday, citing people familiar with the matter. Slack in February confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly. […]

Russian President Vladimir Putin said he had a “substantial discussion” with North Korean leader Kim Jong Un about the Korean Peninsula Thursday. He said he and Kim exchanged views on how to improve the situation in the region, Reuters reported. Kim, meanwhile, reportedly said both leaders discussed how to “strategically […]

Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, have ended in failure. The banks cited the need for extra capital, restructuring costs and execution risks as the reasons why the merger would not be in their best interests. “It made sense to evaluate this option for domestic […]

Global financial services firm Barings is not looking to invest into Russia anytime soon, its chairman and chief executive officer said Thursday. That’s because the country doesn’t meet Barings’ standards, Thomas Finke told CNBC’s Hadley Gamble in Riyadh, Saudi Arabia. “I can pretty much say we probably won’t be going […]

Britain’s competition regulator has blocked Sainsbury‘s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda — a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. The Competition and Markets Authority (CMA) said in its final report on Thursday that the deal […]

Two U.S. stock indexes may have closed at record highs this week, but one investor said the markets could be driven even higher on strong earnings. “We were running into a market that had gotten so much fear at the end of last year, that earnings estimates came very far […]