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☆ Arm shares soar after company reports strong earnings and forecast
▼ + stars: | 2024-02-08 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Shares of chip designer Arm climbed more than 60% on Thursday morning after the company reported better-than-expected earnings Wednesday and a strong profit forecast for the current quarter. The company reported higher-than-expected earnings per share and revenue for the quarter that ended in December. Earnings per share came in at 29 cents adjusted versus the 25 cents expected by analysts, according to LSEG, formerly known as Refinitiv. The company also forecast earnings per share for the current quarter to be between 28 cents and 32 cents on sales of $850 million to $900 million. The company sold shares at $51 apiece in its initial public offering and was trading at just below $100 a share Thursday morning.

Persons: Rene Haas, Softbank, —, Kif Leswing Organizations: Nasdaq, Revenue, Softbank Locations: New York

☆ Tucker Carlson set to interview Vladimir Putin
▼ + stars: | 2024-02-06 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Former Fox News host Tucker Carlson said he will interview Russian President Vladimir Putin, becoming the first member of the Western media to interview the Russian leader since the country's invasion of Ukraine almost two years ago. "Why is Vladimir Putin such a bad guy? He's not Saddam Hussein, he's not Adolf Hitler, he's not a danger to the United States," Carlson said in 2017. He is a dangerous authoritarian who has used a hundred billion in U.S. tax dollars to erect a one-party police state in Ukraine," Carlson said in 2022. The far-right commentator's interview with Putin will be released on X and the media startup TuckerCarlson.com.

Persons: Tucker Carlson, Vladimir Putin, Putin, Carlson, Saddam Hussein, he's, Adolf Hitler, Tucker, Volodymyr Zelenskyy, Zelenskyy, Lenin, George Washington Organizations: Fox News, Dominion Voting Systems, CNBC PRO Locations: Ukraine, Moscow, United States

☆ Leon Cooperman says he will not vote for Trump or Biden
▼ + stars: | 2024-02-06 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Tuesday that he would not vote for President Joe Biden or former President Donald Trump in a hypothetical November rematch. I don't know who's bad, I don't know who's worse," Cooperman said on CNBC's Squawk Box. Cooperman, the chair and CEO of the Omega Family office, has mostly backed Republicans in the past, but says he supported Biden in 2020 as a vote against Trump. Biden's campaign began the year with about $46 million in cash, according to FEC filings, more than the $33 million that Trump's campaign had. The poll also found Trump beating Biden 47% to 42% in a hypothetical 2024 rematch.

Persons: Leon Cooperman, Joe Biden, Donald Trump, Cooperman, Biden, he's, He's, Mitt, Trump, Chris Christie, Democratic Sen, Joe Manchin, Republican Sen, Rick Scott, Jeb Bush's, Hillary Clinton's, Biden's Organizations: Omega, Trump, New, New Jersey Gov, Democratic, Republican, Florida Gov, Sunday NBC, Biden Locations: Mitt Romney's, New Jersey

☆ Defense Secretary Lloyd Austin apologizes for his handling of cancer diagnosis and hospitalization
▼ + stars: | 2024-02-01 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

US Defense Secretary Lloyd Austin speaks during a press conference at the Pentagon in Washington, DC, on February 1, 2024. U.S. Secretary of Defense Lloyd Austin publicly apologized Thursday for not telling President Joe Biden and the public about his prostate cancer diagnosis and his subsequent hospitalization. I should have told the president about my cancer diagnosis. The Pentagon took three days to inform the White House that Austin had been hospitalized after complications arose from surgery to treat his prostate cancer. Austin said Deputy Defense Secretary Kathleen H. Hicks assumed his duties on Jan. 2, after he was transferred to the critical care unit for several days.

Persons: Lloyd Austin, Defense Lloyd Austin, Joe Biden, Austin, I've, Biden, Kathleen H, Hicks Organizations: US, Pentagon, Defense, American, Walter Reed Military Medical Center, Defense Department Locations: Washington ,

☆ Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized
▼ + stars: | 2024-01-31 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Byron Allen, the media mogul offering $14 billion for Paramount Global , told CNBC on Wednesday that he has the money to finance a deal, despite skepticism around his deal-making. Allen told CNBC he hasn't received a response from Paramount to his most recent offer. Paramount reported in its third-quarter earnings report that its streaming platform, Paramount+, increased its subscriber count to 63 million. Allen told CNBC he wants to buy Paramount for its linear networks, what he says is the most challenging part of the company.

Persons: Byron Allen, Allen, hasn't, Shari Redstone, David Ellison's, Tegna Allen, of Famer Babe Ruth, Babe Ruth, Ruth, Paramount's, — CNBC's Alex Sherman, Julia Boorstin Organizations: Allen Media Group, Milken Institute Global Conference, Paramount Global, CNBC, Federal Communications Commission, Street, Paramount, CBS, Showtime, Nickelodeon, Media, Paramount Pictures, Warner Bros, Black Entertainment Television, VH1, Bloomberg, Scripps, ABC, Disney, National Football League's, The Weather, of Famer, Netflix, CNBC PRO Locations: Beverly Hills , California, U.S, E.W

☆ White House touts highest consumer confidence in more than 2 years
▼ + stars: | 2024-01-30 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks at the St. John Baptist Church in Columbia, South Carolina, on Jan. 28, 2024. The White House cheered the Conference Board report on Tuesday showing consumer confidence rising to its highest level in more than two years. Consumer confidence reached its highest level since December 2021, and was up more than 30% since its April 2020 low of 85.7. The Conference Board's consumer confidence index rose for a third straight month to 114.8 in January, up from a revised 108 in December 2023. Despite the increasing consumer sentiment, just 33% of voters approve of Biden's handling of the economy, according to CNBC's All-America Economic Survey in December.

Persons: Joe Biden, Lael Brainard, Donald Trump, Biden's, Trump Organizations: St, John Baptist Church, Economic, Biden Administration, America Economic Survey, CNBC, Biden, Trump, CNBC PRO Locations: Columbia , South Carolina

☆ Carnival reroutes cruises as Red Sea tensions rise
▼ + stars: | 2024-01-30 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Carnival announced Tuesday it would reroute cruise itineraries for a dozen ships scheduled to transit the Red Sea as tensions rise in the Middle East. Carnival expects the rerouting to impact its adjusted earnings per share by 7 cents to 8 cents in 2024. The company forecast adjusted full-year earnings per share of 93 cents, according to its fiscal fourth-quarter earnings released last month. The cruise liner is expected to release its fiscal first-quarter 2024 earnings in March. Carnival is the latest company to announce disruptions due to the conflicts in the Red Sea.

Persons: reroute itineraries, Joe Biden Organizations: Carnival, Houthi Rebels, Royal, MSC Cruises Locations: Avalon , California, Iranian, U.S, Yemen, Jordan, Red, Royal Caribbean, Swiss, Italian

☆ Haley hits Trump on tariffs ahead of her Wall Street fundraisers
▼ + stars: | 2024-01-29 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

Nikki Haley drew a sharp line Monday between her views on trade and the tariffs proposed by her rival, Republican front-runner Donald Trump. Think about that for a second," Haley said on CNBC's Squawk Box. "It's going to raise the cost of anything from baby strollers to appliances, under Donald Trump," she added. Over the weekend, Trump suggested tariffs were the way to force automobile manufacturers to build cars in the United States. This, and Trump's proposed tariffs if he were elected to a second term have left many Wall Street investors deeply concerned about what the global economy would look like in a second Trump administration.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Donald Trump's, Michael Every, Reid Hoffman, Ken Langone, Stanley Druckenmiller Organizations: South Carolina Gov, Republican, National Taxpayers Union, The Washington Post, Rabobank, CNBC, Trump, U.S ., China Business Council, Wall, LinkedIn, South Carolina Locations: China, The, United States, America, U.S, New Hampshire, Iowa, New York City

☆ White House announces new federal investments in Regional Innovation Engines
▼ + stars: | 2024-01-29 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

4346, the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, DC, on August 9, 2022. The Biden administration announced over $150 million in geographically targeted federal investments Monday, part of the National Science Foundation's Regional Innovation Engines program. 10 regional innovation engines will receive funds, and are eligible to receive upwards of $2 billion as part of the program, authorized under the 2022 CHIPS and Science Act. Monday's awardees include a semiconductor innovation engine in Central Florida, an energy transition engine in Louisiana and an advanced agriculture technology engine in North Dakota. This includes more $150 million in federal investment, or $15 million per hub, and another $350 million in matched contributions from non-federal partners.

Persons: Joe Biden, Biden, Arati Prabhakar, Prabhakar Organizations: White, National Science, NSF, Office of Science, Technology, Commerce Department, The U.S Locations: Washington ,, Central Florida, Louisiana, North Dakota, America

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Boeing CEO Dave Calhoun met with several U.S. senators Wednesday on Capitol Hill as scrutiny on the company's leaders intensifies over a blown door plug on one of the company's 737 Max 9 planes. "I'm here today in the spirit of transparency ... [and to] answer all their questions, because they have a lot of them," Calhoun told reporters. Earlier Wednesday The Seattle Times reported that the fuselage panel that blew out during the Alaska Airlines flight, manufactured by Spirit AeroSystems , was removed for repair and then improperly reinstalled by Boeing's mechanics, not Spirit's. The stock is down more than 10% since the Jan. 5 Alaska Airlines incident.

Persons: Dave Calhoun, Calhoun, It's, Mike Whitaker, Sen, Dan Sullivan, Sullivan, Spirit AeroSystems, AeroSystems Organizations: Alaska Airlines, Portland International Airport, Boeing, Capitol, Federal Aviation Administration, FAA, CNBC, Republican, Aviation, The Seattle Times, Spirit, U.S . National Transportation, Seattle Times, NTSB Locations: Portland , Oregon, Alaska, Calhoun

☆ Airline stocks rise as United kicks off busy earnings week
▼ + stars: | 2024-01-23 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. United Airlines shares rose about 4% Tuesday after the company reported higher-than-expected earnings and revenue for the fourth quarter. The report kicks off a busy week of airline earnings reports, with quarterly updates from American , Southwest and Alaska all due out on Thursday. Shares of Delta, which reported fourth-quarter earnings earlier this month, were up about 2%. United shares are about flat this year but are down about 30% from its 52-week high of $58.23 recorded in July 2023.

Persons: Scott Kirby, Kirby, CNBC's Phil LeBeau Organizations: Boeing, United Airlines, Max, CNBC, Spirit Airlines, JetBlue Locations: Barcelona, Southwest, Alaska

☆ Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger
▼ + stars: | 2024-01-22 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. "Our merger agreement with Spirit remains in effect and we still have obligations under the agreement. This is a standard procedure, required under the merger agreement," JetBlue General Counsel Brandon Nelson said in a note to staff Friday. The stock had dropped more than 60% after the ruling but has rebounded slightly following the appeal and after Spirit raised raised its financial forecast for the fourth quarter of 2023. JetBlue shares rose about 1% on Monday and have climbed more than 3% since its merger with Sprit was blocked.

Persons: Brandon Nelson, William Young, Young, Spirit, Sprit Organizations: JetBlue, Hollywood International, Spirit Airlines, Spirit, U.S, CNBC PRO Locations: Fort Lauderdale, Fort Lauderdale , Florida

☆ Delta CEO is confident about moving forward with order of Boeing Max 10s
▼ + stars: | 2024-01-19 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier's CEO told CNBC on Friday. The airline ordered 100 Max 10s in 2022 and deliveries are expected to begin in 2025, its first Boeing order in more than a decade. The Max 10, the largest model of the 737 Max, has not yet been approved by regulators. The 737 Max, Boeing's best-selling aircraft, has had a troubled history since deliveries first began in 2017. Delta flies over 500 Boeing jets a day, but does not fly either the Max or the 787, according to Bastian.

Persons: Max, Ed Bastian, CNBC's Scott Wapner, Boeing's, Bastian Organizations: Delta Air Lines, Boeing, Max, CNBC, FAA, Alaska Airlines, Airbus Locations: United States, Indonesia, Ethiopia, Bastian, Alaska, United

☆ Spirit Airlines shares sink 20% in second day of losses after judge blocks JetBlue merger
▼ + stars: | 2024-01-17 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022. Shares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its proposed merger with JetBlue Airways . "JetBlue plans to convert Spirit's planes to the JetBlue layout and charge JetBlue's higher average fares to its customers," U.S. District Court Judge William Young wrote in his decision. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares." Shares of JetBlue fell about 8% Wednesday and are down about 3% since the judge blocked the merger.

Persons: William Young Organizations: JetBlue Airways, Airlines, Fort, Hollywood International, Spirit Airlines, JetBlue, Wall Street, CNBC PRO Locations: Fort Lauderdale, Fort Lauderdale , Florida, U.S

☆ Flight disruptions linger as winter storms, Max 9 grounding snarl travel
▼ + stars: | 2024-01-16 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt travel for millions of travelers. Airlines canceled or delayed about 60% of flights at New York's LaGuardia Airport. At nearby Newark Liberty International Airport, a hub for United , more than 35% of flights were canceled or delayed. Reagan Airport saw more than 40% of its flights canceled or delayed. Alaska canceled more than 15% of its flights Tuesday, while United canceled about 12%.

Persons: Washington's Ronald Organizations: Denver International Airport, Airlines, D.C, U.S, National Weather Service, Washington's Ronald Reagan National Airport, LaGuardia, Newark Liberty International Airport, United, Reagan, Southwest Airlines, Boeing, Max, Alaska Airlines, CNBC PRO Locations: Denver , Colorado, U.S, New York, Washington, New, Alaska

☆ Boeing appoints independent advisor to lead 737 Max 9 review as groundings stretch on
▼ + stars: | 2024-01-16 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport on January 9, 2024 in Portland, Oregon. NTSB investigators are continuing their inspection on the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft following a midair fuselage blowout on Friday, January 5. He and his team will have any and all support he needs from me and from across The Boeing Company," Calhoun said in a statement. The Federal Aviation Administration grounded Boeing 737 Max 9s earlier this month so the jets could undergo inspections after a door plug blew off Alaska Airlines Flight 1282 on January 5. Shares of Boeing fell about 8% Tuesday and are down almost 20% since the groundings began.

Persons: Kirkland Donald, Donald, Dave Calhoun, I've, Calhoun, Max Organizations: Alaska Airlines, Portland International Airport, NTSB, Alaska Airlines N704AL Boeing, Boeing, Boeing Company, Federal Aviation Administration, FAA, U.S . Navy, Naval Nuclear Propulsion Program Locations: Portland, Portland , Oregon

☆ Flight cancellations pile up as winter storm, 737 Max 9 grounding disrupt travel
▼ + stars: | 2024-01-12 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Airlines canceled more than 3,000 U.S. flights Friday as they grappled with winter weather and the grounding of Boeing 737 Max 9 planes. United canceled about 10% of its mainline flights and delayed about 30%. That grounding has continued to disrupt travel for United and Alaska Airlines, the only U.S. airlines operating the aircraft. Alaska said that between 110 and 150 flights per day would be impacted by the grounding of the Max 9. United Airlines said it canceled flights scheduled to use a Max 9 through Tuesday.

Persons: Max Organizations: Airlines, Boeing, Max, Midwest, U.S, United Airlines, American Airlines, Detroit Metropolitan Wayne County Airport, Delta Air Lines, Southwest Airlines, Chicago Midway, United, Federal Aviation Administration, Alaska Airlines, FAA Locations: U.S, Chicago, Detroit, United, Alaska

☆ Airline stocks tumble after Delta trims profit forecast
▼ + stars: | 2024-01-12 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Delta Air Lines shares slipped about 9% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 per share for 2024. Other major airlines including United , American and Southwest also fell on the new estimate, released alongside quarterly earnings. Delta finished 2023 by doubling its quarterly profit as bookings, both for corporate and leisure travel, continued to pick up from the Covid-19 pandemic lows. Delta CEO Ed Bastian said in a CNBC interview that the airline has recovered almost 90% of its travel demand from its pre-pandemic numbers.

Persons: Ed Bastian, Bastian Organizations: Delta Air Lines, United, Delta, CNBC, CNBC PRO Locations: Southwest, American

☆ DraftKings, FanDuel launch mobile sports betting in Vermont as industry keeps booming
▼ + stars: | 2024-01-11 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, on Sept. 26, 2022. Vermont launched mobile sports betting Thursday, becoming the latest state to jump into the booming industry. Phil Scott signed a bill in June authorizing mobile sports betting and announced in December that the state had selected DraftKings , FanDuel and Fanatics to operate its sportsbooks. With Vermont, sports betting is now live in 29 states and Washington, D.C., according to the American Gaming Association. With the addition of Vermont, the DraftKings sportsbook is now available in 26 states compared to 21 states for its rival FanDuel.

Persons: Phil Scott, FanDuel, Thomas DiNapoli, Sportsbook, DraftKings Organizations: Gov, D.C, American Gaming Association, North Carolina, NCAA, Addiction Services, Krejcik, Entertainment, CNBC PRO Locations: San Francisco, Vermont, Washington, North, . California, Georgia , Missouri, Oklahoma, New York, U.S

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