A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024.Joan Valls | Nurphoto | Getty ImagesDelta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry manages a glut of flights, but the carrier’s outlook for summer travel beat Wall Street’s expectations.Delta, the first of the U.S. airlines to report results, expects adjusted earnings per share of between $1.25 and $1.75 in the third quarter, compared with Wall Street analysts’ forecast for $1.31 a share. It also said it expects revenue that’s…
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London’s Old Street roundabout, home to many tech firms and sometimes dubbed “Silicon Roundabout.”Chris Ratcliffe | Bloomberg | Getty ImagesU.K. capital markets are at a crossroads. The country’s startups raised $8 billion in the first six months of the year, according to a report from Dealroom and HSBC Innovation Banking — more than France and Germany combined.It also found that the U.K. was Europe’s top destination for venture capital for the 30th consecutive quarter, claiming 30% of all capital raised across the continent so far this year.But there’s a flip side.Dealogic data shows fundraising from London IPOs in the first…
The Faroe Islands are rolling out road trips for travelers looking to explore beyond the usual hot spots.The catch? Visitors don’t know where the trips will take them. The Danish archipelago’s tourism board, Visit Faroe Islands, on Tuesday launched 30 itineraries that take travelers on self-guided driving tours. The tours are accessible via phone, but each stop is kept secret throughout the journey. “You never know where you’re going to end up, and none of the routes are published,” said Marta Karadottir, the organization’s content and communications manager. “We’re trying to keep that kind of curiosity alive with travelers ……
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Can running shoes be made by a spray gun? That’s the idea behind LightSpray, a new manufacturing technique created by Swiss sneaker company On. “It allows us to produce an upper material in a completely automated way,” said Marc Maurer, On’s former co-CEO who recently left the company. “A traditional product is touched by approximately 200 hands, which is very different here.” The upper part of the shoe is formed as a robot sprays a synthetic material called polymer onto a rotating foot-shaped mold. The process takes about three minutes per shoe. The final product doesn’t have seams or laces and fits…
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 Street. Market moves : Stocks were higher on Wednesday, with the S & P 500 on pace to break a two-day losing streak. The Nasdaq briefly touched a new all-time. A rally in tech stocks supported the market, as Club name Nvidia broke above a $4 trillion market value. The magic number to close at the milestone is $163.93. Session highs were above that, but the stock has lost some of its…
Activist investor Standard Investments has halved its stake in London-listed Johnson Matthey after a six-month campaign that forced the British specialty chemicals company into a major overhaul.Standard’s total holding fell to 4.75% from a previously disclosed 9.52%, regulatory filings showed. The investment firm has sold into a share price rally that has recovered to over £18 ($24.50), up more than 35% from a low of around £13.52 when its public pressure campaign began in December 2024.Standard Investments’ remaining position consists of a 1.77% holding in direct shares and nearly 3% held through cash-settled equity swaps, the filing showed.Based in New…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Ripple selects Bank of New York Mellon as the primary custodian for the firm’s U.S. dollar-pegged stablecoin reserves. Plus, Swan Bitcoin CIO Ben Werkman explains why bitcoin is quickly becoming a more attractive treasury asset for companies.13:07Wed, Jul 9 20253:00 PM EDT Source link
Pictured here is construction on the One Sunac Opus high-end apartment complex in Beijing on Oct. 17, 2024.Bloomberg | Bloomberg | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyFalling real estate prices are the elephant in the room when it comes to China’s economy.From June 2023 to June 2025,…
FILE PHOTO: FBI Director James Comey (L) and CIA Director John Brennan (R) take their seats flanking National Intelligence Director James Clapper during a Senate Intelligence Committee hearing in Washington, USA on February 9, 2016. Samuel Corum | Anadolu | Getty ImagesThe Trump administration has put two repeated targets of President Donald Trump under criminal investigation, although details of what exactly they are being investigated for or how far the Justice Department intends on taking the probes are unclear.The two targets are former CIA Director John Brennan and former FBI Director James Comey, whom Trump fired in his first term,…
