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Tag: Breaking News: Business

Berkshire Hathaway’s cash fortress tops 0 billion as Buffett sells more stock, freezes buybacks

Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks

November 2, 2024November 2, 2024 · World News

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous…

Read more Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports

Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports

October 25, 2024October 26, 2024 · World News

The Washington Post Building at One Franklin Square Building in Washington, D.C., June 5, 2024. Andrew Harnik | Getty Images The Washington Post said Friday that it will…

Read more Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports
Boeing machinists reject new labor contract, extending more than 5-week strike

Boeing machinists reject new labor contract, extending more than 5-week strike

October 23, 2024October 23, 2024 · Business

People hold signs during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15,…

Read more Boeing machinists reject new labor contract, extending more than 5-week strike
McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders

McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders

October 22, 2024October 22, 2024 · Business

A McDonald’s located on Route 66 in Azusa, California, on April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s shares dropped in extended trading…

Read more McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders
SpaceX’s Starship rocket completes fifth test flight, lands booster in dramatic catch

SpaceX’s Starship rocket completes fifth test flight, lands booster in dramatic catch

October 13, 2024October 13, 2024 · Business

The Super Heavy booster lands on the company’s launch tower during the fifth Starship flight on Oct. 13, 2024. SpaceX SpaceX launched its fifth test flight of its…

Read more SpaceX’s Starship rocket completes fifth test flight, lands booster in dramatic catch
Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more

Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more

October 13, 2024October 13, 2024 · Banking

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than…

Read more Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
Boeing withdraws contract offer after talks with union end without a deal

Boeing withdraws contract offer after talks with union end without a deal

October 8, 2024October 8, 2024 · World News

Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for…

Read more Boeing withdraws contract offer after talks with union end without a deal
Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here

Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here

October 4, 2024October 4, 2024 · Banking

A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.  Mike Blake | Reuters Spirit Airlines shares tumbled…

Read more Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here
Stellantis files federal lawsuit against UAW union over strike threats

Stellantis files federal lawsuit against UAW union over strike threats

October 4, 2024October 4, 2024 · Business

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine…

Read more Stellantis files federal lawsuit against UAW union over strike threats
Mortgage rates spike after stronger-than-expected jobs report

Mortgage rates spike after stronger-than-expected jobs report

October 4, 2024October 7, 2024 · Real Estate

The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government’s monthly employment report. The rate is now 6.53%, according…

Read more Mortgage rates spike after stronger-than-expected jobs report
SpaceX launches rescue mission for 2 NASA astronauts who are stuck in space until next year

SpaceX launches rescue mission for 2 NASA astronauts who are stuck in space until next year

September 28, 2024September 28, 2024 · Business

A view of a SpaceX rocket, as seen across the Rio Grande in Brownsville, Texas, U.S., July 22, 2024.  Veronica Cardenas | Reuters SpaceX launched a rescue mission for the…

Read more SpaceX launches rescue mission for 2 NASA astronauts who are stuck in space until next year
Best Buy gets a big Wall Street endorsement that’s in-line with why we own the stock

Best Buy gets a big Wall Street endorsement that’s in-line with why we own the stock

September 27, 2024September 27, 2024 · Banking

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street…

Read more Best Buy gets a big Wall Street endorsement that’s in-line with why we own the stock
Southwest Airlines to cut service and staffing in Atlanta to slash costs

Southwest Airlines to cut service and staffing in Atlanta to slash costs

September 25, 2024September 25, 2024 · World News

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024.  Elijah Nouvelage | Bloomberg | Getty Images…

Read more Southwest Airlines to cut service and staffing in Atlanta to slash costs
Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

September 24, 2024September 24, 2024 · Banking

Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments…

Read more Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’
Disney to ditch Slack following July data breach

Disney to ditch Slack following July data breach

September 19, 2024September 19, 2024 · Business

The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31,…

Read more Disney to ditch Slack following July data breach
The Fed’s interest rate cut is an inflection point for real estate markets: Hines

The Fed’s interest rate cut is an inflection point for real estate markets: Hines

September 19, 2024September 19, 2024 · Real Estate

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email David Steinbach of Hines discusses the U.S. Federal Reserve’s September interest rate cut and what…

Read more The Fed’s interest rate cut is an inflection point for real estate markets: Hines
The Fed forecasts lowering rates by another half point before the year is out

The Fed forecasts lowering rates by another half point before the year is out

September 18, 2024September 18, 2024 · Business

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S.,…

Read more The Fed forecasts lowering rates by another half point before the year is out
Bank stock woes hold back the overall market, but Starbucks’ new CEO is full steam ahead

Bank stock woes hold back the overall market, but Starbucks’ new CEO is full steam ahead

September 10, 2024September 14, 2024 · Banking

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall…

Read more Bank stock woes hold back the overall market, but Starbucks’ new CEO is full steam ahead
Why a Wall Street downgrade of Costco is not a reason to sell the stock

Why a Wall Street downgrade of Costco is not a reason to sell the stock

September 10, 2024September 14, 2024 · Banking

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stocks fell Tuesday…

Read more Why a Wall Street downgrade of Costco is not a reason to sell the stock
U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree

U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree

September 6, 2024September 6, 2024 · Business

A pilot performs a walkaround before a United Airlines flight Leslie Josephs/CNBC U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring…

Read more U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree
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