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, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some […]
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Flight disruptions linger as winter storms, Max 9 grounding snarl travel
More than 320 flights have been canceled because of a winter storm that brought snow and freezing temperatures to Denver International Airport in Denver, Colorado, on Jan. 15, 2024. RJ Sangosti | Denver Post | Getty Images Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to […]
Microsoft CEO Satya Nadella says global consensus on AI is emerging
Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | Reuters Microsoft CEO Satya Nadella said Tuesday he sees global consensus emerging when it comes to artificial intelligence, and […]
Four predictions for 2024: Brian Sullivan’s outlook for the new year
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 9, 2024. Brendan Mcdermid | Reuters The crystal ball is cloudy this year my friends. In the past it was easier to come up with my annual list of predictions, even if it […]
Trump sex attack defamation trial with E. Jean Carroll begins, day after Iowa win
Former President Donald Trump, center, departs Trump Tower in New York, US, on Tuesday, Jan. 16, 2024. David Dee Delgado | Bloomberg | Getty Images Jury selection began Tuesday in the New York civil trial for a sex assault defamation lawsuit by the writer E. Jean Carroll against former President […]
Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank can take […]
Nikki Haley refuses more presidential debates unless Trump participates
US President Donald Trump meets with Nikki Haley, the United States Ambassador to the United Nations in the Oval office of the White House on October 9, 2018 in Washington, DC. Olivier Douliery | AFP | Getty Images WASHINGTON — Nikki Haley said she would not participate in any further […]
Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Burger King fast food restaurant with menu and customers. Jeff Greenberg | Universal Images Group | Getty Images Restaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about $1 billion in cash. Restaurant Brands will pay $9.55 per share to acquire Carrols, […]
Synopsys to acquire graphics software maker Ansys in $35 billion tech deal
Ajei Gopal, CEO, Ansys Scott Mlyn | CNBC Semiconductor design and software firm Synopsys on Tuesday announced it would acquire Ansys, a engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. Synopsys will pay consideration of roughly $390 per share: $197 per-share in cash […]
U.S. economy has already seen 75% of the impact from Fed’s hikes, IMF says
Steve Sedgwick, anchor for CNBC, Gita Gopinath, first deputy managing director of International Monetary Fund (IMF), Francois Villeroy de Galhau, governor of the Bank of France, Adena Friedman, chief executive officer of Nasdaq Inc., and Chuck Robbins, chief executive officer of Cisco Technologies Inc., left to right, during a panel […]