Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. He cited three reasons that highlight why investors keep pushing the Club stock to record highs. During a CNBC interview at the World Economic Forum’s annual meeting in Davos, Switzerland, Arora said that Palo […]
CNBC News
Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC The Haslam family on Tuesday said its Pilot Corporation had closed the sale of its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway. Terms of […]
Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
Javier Ghersi | Moment | Getty Images Corporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal with the burden of high interest rates, S&P Global Ratings reported Tuesday. The number of companies that failed to make required payments on their debt […]
Even with interest rate cuts, 2024 will be ‘a very good year for savers,’ expert says — how to ‘lock in now’
Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the possibility of looming rate cuts by the Federal Reserve, 2024 still stands to be a great year for […]
AMD shares jump 8% to highest close since 2021 on AI chip demand
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023. David Becker | Getty Images AMD shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on […]
Bipartisan tax deal could boost child tax credit for 2023. What it means for families this tax season
Hinterhaus Productions How much the credit could be worth for families While less generous than the enhanced child tax credit enacted during the Covid-19 pandemic, the changes would boost the maximum refundable tax break to $1,800 per child for 2023, up from the current 2023 limit of $1,600. The limit […]
Red Sea risk to oil ‘very real,’ prices could change rapidly if supply disrupted, Chevron CEO says
The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, Chevron CEO Michael Wirth told CNBC on Tuesday. “It’s a very serious situation and seems to be getting worse,” Wirth said […]
Nikki Haley under pressure from donors to defeat Donald Trump in New Hampshire after Iowa caucus loss
Former U.N. ambassador Nikki Haley is facing pressure from some of her top fundraisers to either seriously compete with, or outright defeat, Donald Trump in next week’s New Hampshire primary, after finishing third Monday in the Iowa caucus. “I would still like to see her get somewhere, but the mountain […]
Judge blocks JetBlue-Spirit merger after DOJ’s antitrust challenge
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC A federal judge blocked JetBlue Airways‘ purchase of budget rival Spirit Airlines after the Justice Department sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive […]
AMD shares jump 7% and head for highest close since 2021 on AI chip demand
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023. David Becker | Getty Images AMD shares rose more than 7% on Tuesday to their highest since reaching a record in November 2021, on optimism […]