Check out the companies making headlines before the stock market opens. Boeing — The airplane maker slipped slipped 1.3% after preliminary fourth-quarter financial results reflected ongoing struggles. Boeing said it expects to report a loss of $5.46 per share for the fourth quarter on revenue of $15.2 billion, less than analysts’ expectations, according to LSEG…
A still from the film “Wicked.” Source: Universal Studios Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge: promote and release two build-on films just one year apart. Part one of the “Wicked” cinematic project dazzled at the box office, collecting more than $700…
Photographer | Collection | Getty Images Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca’s stock at roughly €15.992 each, a 5% premium to…
A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing. Calamos Investments launched the Calamos Bitcoin Structured Alt Protection ETF (CBOJ) on Wednesday. The firm brands it as “the world’s first downside protected bitcoin ETF.” It is built with risk-adverse investors in mind. “You can get in all day long….
Travelers walk through O’Hare International Airport in Chicago on Dec. 20, 2024. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform Hopper this month said domestic “good deal”…
President Donald Trump on Thursday accused the CEOs of the two largest American banks of refusing to serve conservatives, reviving a 2024 campaign talking point that the two companies deny. Speaking via video to an assembly held at the World Economic Forum in Davos, Trump lashed out at Bank of America CEO Brian Moynihan and…
A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | Reuters Shein’s ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are “applied equally,” the company’s executive chairman Donald Tang said on Thursday. “Affordability is a big anchor. … It’s the whole…
BlackRock CEO Larry Fink said President Donald Trump‘s efforts to unleash capital in the private sector could have unintended consequences that would hurt the stock market. “I’m cautiously optimistic. That being said, I have scenarios where it could be pretty bad,” Fink said Thursday on CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland. “I believe…
The WNBA has a salary problem, and it’s “blatantly unfair to its players,” according to top sports agent Jeff Schwartz. Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to compensation in the women’s basketball league. “It’s ridiculous what women…
U.S. President Donald Trump meets China’s President Xi Jinping at the start of their bilateral meeting at the G20 summit in Osaka, Japan, on June 29, 2019. Kevin Lemarque | Reuters BEIJING — China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality. U.S….
