A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares tumbled Tuesday after the carrier’s financial outlook disappointed investors.The New York-based airline forecast its unit costs, excluding fuel, will rise as much as 7% this year from last year. In the first quarter, it said it expected this metric to rise up to 10% this quarter year-over-year.It estimated revenue could come in as much as 0.5% lower to up to 3.5% higher this quarter over last year. Larger competitors Delta and United…
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OpenAI on Tuesday announced its biggest product launch since its enterprise rollout. It’s called ChatGPT Gov and was built specifically for U.S. government use.The Microsoft-backed company bills the new platform as a step beyond ChatGPT Enterprise as far as security. It allows government agencies, as customers, to feed “non-public, sensitive information” into OpenAI’s models while operating within their own secure hosting environments, OpenAI CPO Kevin Weil told reporters during a briefing Monday.Since the beginning of 2024, OpenAI said that more than 90,000 employees of federal, state and local governments have generated more than 18 million prompts within ChatGPT, using the…
An Air Busan plane caught fire at an airport in Busan, South Korea, on Tuesday evening, forcing passengers and crew to evacuate, according to Yonhap news agency.The plane was scheduled to fly to Hong Kong from Gimhae International Airport, fire officials told the news agency, when a fire broke out near its tail at around 10:30 p.m., before takeoff.All 169 passengers, and seven crew members, were evacuated, and a few injuries were reported, the Busan fire department said. Videos of the blaze broadcast on local media showed smoke billowing off the aircraft’s body with its evacuation slides deployed as fire…
Check out the companies making headlines in premarket trading. Nvidia — The artificial intelligence darling bounced back about 3% after plunging 17% a day earlier. Shares of peer firms with large AI exposure Broadcom and Oracle also ticked up more than 2%. Boeing — The aerospace stock fell less than 1% after fourth-quarter results missed analyst estimates. Boeing reported an adjusted loss of $5.90 per share, while analysts polled by LSEG expected a loss of $3.00. Boeing’s fourth-quarter revenue of $15.24 billion also missed estimates that called for $16.21 billion. AutoDesk — Shares of the software company advanced more than…
German tech giant SAP on Tuesday upgraded its financial outlook for the full year as artificial cloud computing and artificial intelligence operations fueled growth.Europe’s largest software maker now expects operating profit on a constant currency basis in 2025 to be between 10.3 billion euros ($10.7 billion) to 10.6 billion euros, up from a previous target of 10.2 billion euros. The firm also expects an acceleration in cloud revenue growth.Adjusted operating profit rose 25% to 8.15 billion euros in 2024, above the 22% increase flagged in a company-compiled analyst poll.Revenue from the firm’s core cloud and software businesses rose 11% for…
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown.There are more than 1.5 billion English speakers in the world. Grammarly wants them all as customers.The San Francisco-based company makes software that checks writing for spelling and grammar mistakes in real time, and offers style suggestions and artificial intelligence-generated writing prompts. Founded in 2009 by three Ukrainian software developers — the original headquarters were in Kyiv — the business was most recently valued…
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty ImagesNvidia lost close to $600 billion in market cap on Monday, the biggest drop for any company on a single day in U.S. history.The chipmaker’s stock price plummeted 17% to close at $118.58. It was Nvidia’s worst day on the market since March 16, 2020, which was early in the Covid pandemic. After Nvidia surpassed Apple…
The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025.Bloomberg | Bloomberg | Getty ImagesShareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector. “The Offer is devoid of industrial and financial rationale and is therefore destructive for Mediobanca,” the lender said in a statement.The company added that the proposal has no industrial value, compromises Mediobanca’s identity and business profile, as well as gains for shareholders of both the lender and Monte dei Paschi, “given…
People pass by a Starbucks coffee shop in Manhattan, New York, United States on January 15, 2025. Mostafa Bassim | Anadolu | Getty ImagesStarbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies as investors anticipate improving demand for dining out.A handful of restaurants released preliminary results earlier in January ahead of presentations at the annual ICR Conference in Orlando. For many, like Red Robin and Noodles & Company, their early report showed sales trends improved during the fourth quarter, giving investors more confidence and pushing their shares higher. Only Shake Shack…
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft is in the middle of the artificial intelligence boom, but it’s been a while since investors have seen the rewards.The software giant’s stock price is up less than 8% in the past year. That’s by far the weakest gain among the eight U.S. tech megacap companies. Apple has the next slimmest increase at 19%, followed by Alphabet at 26%. All the others are up at least 48%, and Tesla is the top performer in…
