Sen. Bernie Sanders, left, appears at a news conference with Sen. Ed Markey on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices, in the Capitol, Jan. 25, 2024. Bill Clark | Cq-roll Call, Inc. | Getty Images Senators will question the CEOs of Johnson & Johnson, Merck […]
CNBC News
Spirit Airlines narrows loss to $184 million, says it’s on the path back to profitability
A Spirit Airlines plane awaits takeoff at LaGuardia Airport in New York Leslie Josephs/CNBC Spirit Airlines‘ fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is back on the path to profitability and the domestic air travel market is improving. The carrier is trying to find […]
Disney shares pop 7% in premarket trade after earnings beat and Epic Games, Eras Tour news
Disney shares were 7% higher in premarket trade early Thursday, after the company’s first-quarter earnings beat estimates and it announced a slew of major deals and upcoming events. In its most eye-catching announcement, CEO Bob Iger said the company would take its biggest step yet into gaming with a $1.5 […]
Supreme Court set to hear Trump challenge to Colorado ballot ban that cited ‘insurrection’
U.S. President Donald Trump looks on he as meets with Colorado Governor Jared Polis and North Dakota Governor Doug Burgum in the Cabinet Room of the White House on May 13, 2020 in Washington, DC. Doug Mills-Pool | Getty Images The Supreme Court is set Thursday morning to hear oral […]
World surpasses key warming threshold across an entire year for the first time
A firefighter stands on boulders covered with pink fire retardant while monitoring the Gavilan Fire, which has already burned more than 250 acres in Perris, Riverside County, California, on July 15, 2023. David Swanson | Afp | Getty Images Scientists on Thursday said the world surpassed a key warming threshold […]
Shipping giant Maersk shares slide 13.5% after suspending share buybacks amid Red Sea disruption
Giant gantry cranes and off loading freighter in Haifa container port, Israel. Ucg | Universal Images Group | Getty Images LONDON — Shares of Danish shipping giant Maersk slumped more than 14% in early trade Thursday after it flagged “high uncertainty” in its 2024 earnings outlook amid Red Sea disruptions […]
Coup juntas threaten to quit West Africa bloc: Here’s what it means for the region — and Russia
ACCRA, Ghana – ECOWAS flag with member flags at the second extraordinary summit on the political situation in Burkina Faso, in Accra, Ghana, on February 3, 2022. Photo by NIPAH DENNIS/AFP via Getty Images Three West African countries currently under the rule of military juntas have announced plans to exit […]
Shipping giant Maersk suspends share buybacks amid Red Sea disruption, flags 2024 earnings uncertainty
Giant gantry cranes and off loading freighter in Haifa container port, Israel. Ucg | Universal Images Group | Getty Images LONDON — Danish shipping giant Maersk on Thursday flagged “high uncertainty” in its 2024 earnings outlook as Red Sea disruptions continued to weigh on the industry. The company also said […]
SoftBank’s Vision Fund logs $4 billion gain, its biggest in nearly 3 years, as tech valuations recover
Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. Alessandro Di Ciommo | Nurphoto | Getty Images SoftBank posted its biggest gain in nearly three years at the flagship tech investment arm, the Vision Fund, in the […]
‘Stability is fragile’: An overlooked European conflict zone is at a tipping point between peace and combat
Kosovo Police continue to uphold security with search, patrol and control activities in the region after the clash which led by Kosovo Serb politician Milan Radoicic in Banjska northern town of the country, on Sept. 24 in Zvecan, Kosovo on October 3, 2023. The clash broke out in the village […]