U.S. President Donald Trump looks on as reporters ask questions aboard Air Force One during a flight from Las Vegas, Nevada, to Miami, Florida, U.S., January 25, 2025. Leah Millis | ReutersNon-profit groups and a small-business organization filed a lawsuit on Tuesday asking a judge to temporarily block a funding freeze ordered by the Trump administration of all federal grants and loans.The lawsuit says the freeze imposed by the Office of Management and Budget is illegal.The suit in U.S. District Court in Washington, D.C., blasts the OMB’s action, which became known Monday night through a two-page memo.”SNAP/EBT Food Stamp Benefits Accepted”…
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Joanna Geraghty, JetBlue CEO, joins ‘Money Movers’ to discuss the company’s quarterly earnings results, if the brand’s JetForward strategy is working, and much more. Source link
The Google logo is displayed during the Made By Google event at Google headquarters on August 13, 2024 in Mountain View, California. Justin Sullivan | Getty ImagesGoogle employees have begun circulating an internal petition titled “job security” ahead of expected cost cuts this year, CNBC has learned.The petition has been signed by more than 1,250 employees and was viewed by CNBC. It is the latest sign of employee upheaval at Google, which has struggled to maintain high morale among its workforce after a year filled with embarrassing product rollouts, worker protests sparked by controversial enterprise contracts and continued rounds of layoffs…
FLORHAM PARK, N.J. — Woody Johnson walked along the front of the New York Jets’ media conference room — bigger than the usual one, to accommodate a bigger crowd — and kept stopping to chat with some in attendance. He approached a group of photographers and asked what they thought about the team hiring Aaron Glenn and Darren Mougey. He spotted some former Jets, teammates of Glenn from the ’90s, and shook their hands. When Johnson finished chatting with the media after the news conference, he lingered as Glenn was surrounded by a media horde. He bounced around the room,…
First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan. 20, 2025.Patrick T. Fallon | AFP | Getty ImagesBoeing is working with Trump advisor Elon Musk on ways to deliver delayed, overbudget Air Force One replacements sooner, CEO Kelly Ortberg said Tuesday.The pair of Boeing 747s that will serve as the next Air Force One aircraft are more than $2 billion over budget and years late,…
A Louis Vuitton storefront in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesThe world’s largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted revenues of 84.68 billion euros ($88.27 billion) for 2024, versus the 84.38 billion euros forecast by LSEG analysts.The full-year figure equates to organic growth of 1% versus the previous year, the company said.Sales also rose more than expected in the fourth quarter to December, after falling for the first time since…
Market volatility is likely to continue moving forward, according to Canaccord Genuity, and the S & P 500 could see more near-term pressure ahead as a result. Analyst Michael Welch said that because there are plenty of market-influencing events unfolding the rest of this week, with roughly 97 S & P 500 companies expected to report through Friday and Wednesday’s Federal Reserve interest rate decision, uncertainty is likely to persist. “Given the lack of oversold conditions in our indicators and the likelihood of heightened volatility due to the potential catalysts this week, we continue to expect some near-term downside for…
Tesla (TSLA) will report earnings Wednesday after the bell. Elon Musk generally leads the company’s earnings calls, however this is the first since his appointment as the head of the Department of Government Efficiency (DOGE) in President Donald Trump’s administration. While business leaders have held advisory roles or influenced policy externally, assuming a formal position within the executive branch while running several large companies is, as far as I know, unprecedented. The government certainly could benefit from leveraging Elon’s business experience to shape economic policy and streamline government operations. Less clear is whether Tesla shareholders will benefit from the company’s…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJason Liberty, Royal Caribbean president and CEO, joins ‘Money Movers’ to discuss the company’s quarterly earnings results, the company’s pricing, and much more. Source link
MELBOURNE, Australia — There are plenty of reasons to travel to Melbourne for the Australian Open each January, especially from a winter climate.It’s sunny, it’s warm and Aussies at Melbourne Park are good with beer at noon and banter all day. Roger Federer had it about right when he nicknamed this event the “happy slam”.The Australian Open also doesn’t treat tennis like a fragile museum piece, never to be touched or tweaked because ‘that’s not the way it’s done’, or one of those other haughty phrases the guardians of the game use to rationalize their stodginess.This is the signal Grand…
