Thanksgiving air travel set for records in test for airlines

Thanksgiving air travel set for records in test for airlines

Travelers wait in line to check in for their flights at a Delta Airlines ticket counter at Orlando International Airport during the busy Christmas holiday season on December 28, 2022 in Orlando, Florida. Paul Hennessy | Anadolu Agency | Getty Images Airlines expect record travel demand this Thanksgiving. Executives say they’re prepared for the hordes. … Read more

Boeing hands over first 787 Dreamliner to China since 2019

Boeing hands over first 787 Dreamliner to China since 2019

The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing on Thursday handed over a 787 Dreamliner directly to a Chinese airline for the first time since November 2019, a milestone that could open up the possibility of deliveries of the manufacturer’s cash cow, the 737 … Read more

China’s livestream shopping booms, fueling new tech like avatars and AI

China’s livestream shopping booms, fueling new tech like avatars and AI

HAIAN, CHINA – NOVEMBER 7, 2023 – A crab farmer sells crabs via a live webcast at Xinhai village in Haian city, Jiangsu province, China, Nov 7, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Livestream shopping is taking off in China, driving development of new tech products … Read more

Former Swiss finance executive guilty in tax evasion scheme

Former Swiss finance executive guilty in tax evasion scheme

The Internal Revenue Service headquarters building in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images WASHINGTON — A former Swiss finance executive pled guilty in New York federal court on Thursday to conspiring to defraud the United States in a tax evasion scheme known as the “Singapore Solution” that hid $60 million … Read more

James Gorman talks Disney succession, proxy fight

James Gorman talks Disney succession, proxy fight

Morgan Stanley CEO James Gorman said Thursday that he’s gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger’s successor. Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney’s board in February. Disney announced last month that Gorman … Read more

Special counsel urges quick Supreme Court action

Special counsel urges quick Supreme Court action

Special counsel Jack Smith speaks to members of the media at the U.S. Department of Justice building in Washington, D.C., on Aug. 1, 2023. Saul Loeb | AFP | Getty Images The federal special counsel prosecuting Donald Trump urged the Supreme Court on Thursday to quickly hear an appeal on whether he has presidential immunity, … Read more

Indian travelers are spending big but only 1% are going overseas

Indian travelers are spending big but only 1% are going overseas

The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. It is located on the waterfront of the Apollo Bunder area of south Mumbai and is the city’s top tourist attraction. Darren Robb | The Image Bank | … Read more

The good and the bad of the U.S. CPI

The good and the bad of the U.S. CPI

Gas prices are seen at a Chevron gas station in Los Angeles on September 28, 2023.  Robyn Beck | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more

Former Trump lawyer Rudy Giuliani files for bankruptcy protection

Former Trump lawyer Rudy Giuliani files for bankruptcy protection

Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, arrives to the E. Barrett Prettyman U.S. District Courthouse on December 15, 2023 in Washington, DC.  Anna Moneymaker | Getty Images Rudy Giuliani filed for Chapter 11 bankruptcy protection in New York on Thursday, citing debts that include a nearly $150 million recent … Read more

OpenAI rival Anthropic in talks to raise $750 million funding round

OpenAI rival Anthropic in talks to raise 0 million funding round

Omar Marques | Lightrocket | Getty Images Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. The round would value Anthropic at up to $18.4 billion, per the source familiar — nearly … Read more