An Olive Garden restaurant in Fremont, California, on Sept. 14, 2023. Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains such as Olive Garden and LongHorn Steakhouse. Here’s what the company reported for its fiscal second quarter ending Nov. … Read more
A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023. Mario Tama | Getty Images Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier’s latest cost-cutting measure as it expects financial strains to continue next year. The airline has been facing weak off-peak demand … Read more
Let’s say you have a crush on two people and you find out one of them may like you back. Do you just start dating that person, or do you find out what the other person thinks, too? That’s where Warner Bros. Discovery finds itself today. The company has held preliminary merger talks with Paramount … Read more
A Cruise self-driving car, which is owned by General Motors, is seen outside the company’s headquarters in San Francisco. Heather Somerville | Reuters General Motors’ Cruise autonomous vehicle unit has dismissed nine “key leaders” amid ongoing safety investigations sparked by an October accident in San Francisco, according to an internal message obtained by CNBC. The … Read more
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images The chair of a powerful House committee is drilling down on Shein’s data privacy practices and its relationship with the Chinese Communist Party as the fast-fashion giant moves closer to a U.S. initial public offering. Reps. … Read more
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines and its pilots union are closing in on a new contract that would raise pay for the carrier’s more than 11,000 aviators and end months of contentious … Read more
Warner Bros. Discovery and rival Paramount Global are in early merger talks, a source familiar with the matter told CNBC. Warner Bros. Discovery CEO David Zaslav and Paramount CEO Bob Bakish met Tuesday to discuss the contours of a possible deal, said the source, who declined to be named since the talks are private. Warner … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning, with the S & P 500 up 0.4%, a day after the Dow Jones Industrial Average hit a record high . The rally … Read more
Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.’ “Aquaman and the Lost Kingdom.” Warner Bros. Discovery Stick a trident in it. “Aquaman and the Lost Kingdom” opens Friday, marking the final installment in Warner Bros. Discovery’s DC Extended Universe film franchise and likely Jason Momoa’s final turn as the titular hero. The … Read more
Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take on $900 million of its debt, the companies said Sunday. Shares of … Read more
