Airlines are reporting fewer people flew in the third quarter as airfare surged on fuel costs, but executives say travelers are mostly swallowing higher fares. Airlines are reporting fewer people flew in the…
Category: News
Why popular airplanes are getting scrapped years early
Airplanes are getting dismantled for parts years ahead of schedule because engines and other components are in short supply. Airplanes are getting dismantled for parts years ahead of schedule because engines and other…
American Express is cutting 5% of its workforce to ‘prepare for AI’
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday. Amex, which reported third-quarter results earlier Friday, is taking a $336…
Moderna shares plunge after cancer vaccine data leaks — despite positive results
Moderna released full data on its closely watched cancer vaccine developed with Merck. Moderna released full data on its closely watched cancer vaccine developed with Merck.Business News
Restaurant earnings will test whether owning more brands pays off
Shares of companies with multiple restaurant brands like Brinker and Darden are outperforming single-chain stocks like McDonald’s and Chipotle. Shares of companies with multiple restaurant brands like Brinker and Darden are outperforming single-chain…
Elon Musk invests about $1 billion in Skydance
David Ellison’s father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk. David Ellison’s father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.Business News
Pepsi renews contract with Taco Bell days after KFC switches to Coke in the U.S.
Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola. Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to…
Cruise lines chase luxury travelers with suites for up to $25,000 a night
CNBC got a tour of the Regent Suite, a top-of-the-line offering on Regent’s Seven Seas Splendor that goes for $15,000 a night. CNBC got a tour of the Regent Suite, a top-of-the-line offering…
American Airlines forecasts bigger loss in 2026 on fuel spike, plans to slow growth next year
It’s the fourth major U.S. carrier to cut its 2026 forecast this month because of a spike in fuel costs. It’s the fourth major U.S. carrier to cut its 2026 forecast this month…
Procter & Gamble earnings beat as sales rise 4%, boosted by laundry and home products
Procter & Gamble topped Wall Street’s estimates for its quarterly earnings and revenue. Procter & Gamble topped Wall Street’s estimates for its quarterly earnings and revenue.Business News