Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher … Read more
The Vulcan booster for the Cert-2 mission is seen during transport to Cape Canaveral, Florida. United Launch Alliance CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most … Read more
Honeywell International completing its $4.95 billion acquisition of Carrier ‘s security business exemplifies how the disparate industrial conglomerate must lean into core businesses. It’s not enough. “More and more people will realize that this [Global Access Solutions] was a good acquisition,” Jim Cramer said Monday. But it’s how to value Honeywell without the dead weight … Read more
People walk by the New York Stock Exchange in New York City on Dec. 29, 2023. Spencer Platt | Getty Images The Dow Jones Industrial Average reached a key milestone on Thursday, the latest in a more than 100-year ascent that’s involved an everchanging group of stocks. The closely followed average on Thursday broke above … Read more
U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. On top of that, the National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. A big chunk … Read more
The Federal Reserve should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund. “We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction … Read more
These giant white structures called radomes at Buckley Space Force Base in Colorado house massive satellite dishes. CNBC This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. In the shadow of the Rocky … Read more
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty Images Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity. “This amendment to our … Read more
A rendering of the company’s laser communications system on satellites in orbit. Mynaric CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights. Sign … Read more
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. Joe Raedle | Getty Images JetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier’s latest move to cut costs in the wake of a … Read more
