CNBC’s Phil LeBeau with Alaska Airlines CEO Ben Minicucci, join ‘The Exchange’ to discuss Q2 earnings, the recent IT outage and booking demand. Source link
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Apple announces a new design language for its operating systems called “Liquid Glass” during the annual Apple “Worldwide Developers Conference” (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025.Josh Edelson | AFP | Getty ImagesApple released the public beta preview version of its next iPhone operating system, called iOS 26.This software release on Thursday means that members of the public with recent iPhones can preview how the device’s interface will change in the fall when the software is formally released and pushed to users.To try out iOS 26, iPhone users in the…
Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less than 1% after talks between rival railroad operators stoked deal speculation. The company’s CEO Joseph Hinrichs said in an interview that he was open to “all possibilities.” IBM — The tech stock fell 7% after the company reported disappointing revenue at its software business. While…
Wall Street analysts scrambled to keep up with GE Vernova this week, dramatically hiking their stock price targets after the power company’s shares blew past expectations on a strong second quarter. Its shares rallied more than 14% on Wednesday to close at an all-time high, after raising its full-year guidance as robust power demand blunts the effect of President Donald Trump’s tariffs. Its stock nearly doubled this year to book the second-best performance in the S & P 500. “Given what we viewed as elevated expectations ahead of GEV’s 2Q25 earnings, we are somewhat surprised in the strength of GEV…
Commerce Secretary Howard Lutnick said Thursday that American auto CEOs told him they are “cool with” President Donald Trump’s new trade deal, which could put lower tariffs on cars imported from Japan than on cars made by U.S. companies in Canada and Mexico.Lutnick brushed off complaints from a group representing General Motors, Ford and Stellantis that Trump’s plan could give Japanese automakers an advantage over the “Big Three” Detroit car companies.”Oh my God, that’s just so silly,” Lutnick said on CNBC’s “Squawk on the Street” after being asked about criticism by the American Automotive Policy Council.Trump on Tuesday announced an agreement that would…
Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan HowardNathan Howard | ReutersPresident Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government.”Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government,” he said in a post to Truth Social. “This is not so! I want Elon, and all businesses within our Country, to…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — In 1973, The Chicago Board of Trade launched a subsidiary that would allow traders to place bets on a new standardized contract based on stock prices. These contracts, similar to but separate from the CBOT’s bread-and-butter commodity futures products, were called options. They carved out a single trading pit on the floor for these stock option contracts and standardized how they worked. At first, there were options on just sixteen publicly traded companies, like IBM. In…
Two-time Super Bowl MVP Eli Manning may have hung up his shoulder pads, but he’s still taking interest in the gear.The former New York Giants quarterback on Thursday announced he has invested in sports protective equipment maker XTech.Manning, who wore XTech shoulder pads during his playing days, said he took a stake in the company because he believes in the product and wants to make sure that youth athletes have the same high-level safety equipment that NFL players have.”They’ve [XTech] gone on to really dominate the NFL and the college market from the shoulder pad standpoint, and I want to…
Nvidia said Thursday that datacenters built with smuggled chips are a “losing proposition” and that it does not support unauthorized products.The statement came in response to a Financial Times report that at least $1 billion worth of its artificial intelligence chips illegally entered China.”Trying to cobble together datacenters from smuggled products is a losing proposition, both technically and economically,” a spokesperson said in a statement to CNBC. “Datacenters require service and support, which we provide only to authorized NVIDIA products.”According to the FT report, at least $1 billion worth of the company’s chips entered China as President Donald Trump rolled…
A general exterior view of the Moncler luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty ImagesItalian luxury house Moncler said it’s currently relying on “very slight price increases” to offset the initial impact of U.S. tariffs, but warned that broader economic weakness could cause it to delay its new store openings next year.The Milan-headquartered retailer said Wednesday that it had raised prices by “mid-single-digit” percentages for the second half of 2025 and will raise them for the first half of next year, while adding…
