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☆ Fox's Laura Ingraham says she got stuck on a plane for 8 hours, forcing her to call into her own show to say why she couldn't make it
▼ + stars: | 2024-05-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Laura Ingraham says she was forced to miss her own Fox News show after a United Airlines diversion. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Laura Ingraham, host of the primetime The Ingraham Angle, posted to X on Tuesday to say that her United Airlines flight from Washington DC to Houston had been diverted to Austin. The trip — which ordinarily takes about three hours — had kept her in the air for seven and a half hours, she wrote. This story is available exclusively to Business Insider subscribers.

Persons: Laura Ingraham, Jeanine Pirro, Ingraham, —, Ingraham Angle Organizations: Fox, United, Service, Fox News, United Airlines, Washington DC, Business Locations: United Airlines, Trump's New York, Houston, Austin

☆ Stocks making the biggest moves premarket: Marathon Oil, Robinhood, American Airlines, Chewy & more
▼ + stars: | 2024-05-29 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Dick's Sporting Goods — The sporting goods retailer popped 7.7% after reporting an earnings and revenue beat for its fiscal first quarter. It now expects earnings per share to be between $13.35 and $13.75, up from its prior range of $12.85 to $13.25. Robinhood — The stock broker shares jump 1.6% in premarket after the trading startup announced its first-ever share buyback plan. Chewy posted earnings per share of 15 cents, topping a FactSet estimate of just 4 cents per share. Cava — The stock fell 5% in premarket even though the restaurant chain posted earnings and revenue for the first quarter that topped expectations.

Persons: Dick's, Robinhood, Chewy, Cava, LSEG, CNBC's David Faber, Merck, —, Jesse Pound, Michelle Fox, Lisa Han, Sarah Min, Brian Evans, Hakyung Kim Organizations: ConocoPhillips —, Marathon Oil, Goods, LSEG . American Airlines —, United Airlines —, Jefferies, United Airlines, Google, HubSpot, Merck Locations: American, premarket

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, First Solar, Netflix, Disney, Cava, Dell, Snowflake & more
▼ + stars: | 2024-05-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Wednesday: Bernstein reiterates Nvidia as outperform Bernstein said it's sticking with its outperform rating on the stock. " Argus upgrades Berkshire Hathaway to buy from hold Argus said it's getting bullish on shares of Warren Buffett's multinational conglomerate. UBS reiterates First Solar as buy UBS raised its price target on First Solar to $350 per share from $270. Bank of America reiterates Apple as buy Bank of America said it's bullish on top pick Apple and its entry into iPhones with AI. Bank of America reiterates Dell as buy Bank of America raised its price target on Dell to $180 per share from $130.

Persons: Bernstein, Berkshire Hathaway, Argus, it's, Fluence, LBRT, Jefferies, TD Cowen, Medpace, Cowen, Morgan Stanley, JPMorgan, Wells, Baird, MM120, Truist, Dell, Jack Hartung, Cindy Olsen Organizations: Nvidia, Argus, Warren, UBS, Citi, Liberty Energy, United Airlines, Airlines, American Airlines, " Bank of America, Apple, Bank of America, Netflix, Disney, RBC, Eldorado, Eldorado Gold, BTC, Citi downgrades Bank, JPMorgan, Mind, of America, Norwegian Cruise Line Holdings, Dell, Field Locations: Berkshire, U.S, OFS, United, El Paso, Parks, F4Q, CAVA, Chicago

6:27 a.m.: UBS hikes First Solar price target, sees 25% upside There's a rosy outlook ahead for First Solar , according to UBS. Analyst Jon Windham cited a more supportive pricing environment as one reason for the price target change. The investment bank upgraded the airline to buy from hold, lifting its price target to $65 from $54. — Lisa Kailai Han 5:41 a.m.: Bank of America reiterates Apple as a top pick Apple shares could get a boost as consumers upgrade to AI-enabled phones, according to Bank of America. Analyst Wamsi Mohan reiterated his view that Apple is a top pick, maintaining his buy rating and price target of $230.

Persons: Jon Windham, Windham, Lisa Kailai Han, Scott Gruber, Gruber, LBRT, — Lisa Kailai Han, Morgan Stanley, SLB, Daniel Kutz, Kutz, Jefferies, Sheila Kahyaoglu, Kahyaoglu, Wamsi Mohan, Mohan, Fred Imbert Organizations: CNBC, United Airlines, Apple, United, Jefferies, Bank of America, UBS, Citi, Liberty Energy, of Liberty Energy, Nvidia Locations: Tuesday's, OFS, United

☆ Stocks making the biggest moves after hours: American Airlines, Robinhood, Box and more
▼ + stars: | 2024-05-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Robinhood management expects to execute the program over a two- to three-year period starting in the third quarter of 2024, a press release said. Cava reported earnings of 12 cents per share on revenue of $259 million, while analysts polled by LSEG anticipated earnings of 4 cents per share on $246 million in revenue. Box — The cloud storage company added 1.2% on the back of better-than-expected earnings and revenue. Box reported adjusted earnings of 39 cents per share, while analysts polled by LSEG expected earnings of 36 cents per share. United reaffirmed its second-quarter earnings outlook range of $3.75 and $4.25 per share, according to a regulatory filing .

Persons: Cava, LSEG, —, Darla Mercado Organizations: Revenue, American Airlines, United Airlines — Locations: Cava

☆ I paid $300 to upgrade to premium economy on my long-haul United flight, and it's worth it for trips over 10 hours
▼ + stars: | 2024-05-26 | by ( Megan Dubois | ) www.businessinsider.com time to read: +4 min

On a recent trip to Japan, I upgraded my flight home from Tokyo to Washington, DC, from economy to premium economy, which the airline calls Premium Plus. Here's why the $300 flight upgrade was worth it. I didn't have that much time to make my connecting flight, so being able to get off the plane quickly was worth the upgrade. Economy seats only have 9-inch screens. I'd pay to upgrade my flight again, especially for long-haul tripsThe $300 upgrade was worth it for my long-haul flight from Tokyo to Washington, DC.

Persons: —, Megan duBois Organizations: Service, United Airlines, Business, Saks Locations: Florida, Japan, Tokyo, Washington, DC

Memorial Day weekend, the traditional launching pad of the summer travel season, is shaping up to set a scorching pace. United is expecting the biggest Memorial Day and summer travel season in the airline’s 98-year history, according to Andrew Nocella, United’s executive vice president and chief commercial officer. Air traffic controller shortageThe air traffic control tower at Los Angeles International Airport is a busy place. The United States is still short thousands of air traffic control personnel. Markus Mainka/imageBROKER/ShutterstockDespite a surge in hiring last year, air traffic control stations nationwide are still about 3,000 controllers short, according to new FAA numbers.

Persons: it’s, Andrew Nocella, Markus Mainka, Scott Keyes, ”, ” Keyes, Tayfun, Bob Thomas, haven’t, Elijah Nouvelage, Keyes, “, Antonio Masiello, he’s, Angela Fritz Organizations: CNN, Federal Aviation Administration, Transportation Security Administration, TSA, American Airlines and United Airlines, Airlines for America, Airlines, America, Air, Los Angeles International, FAA, CNN Travel, San Francisco International, Anadolu Agency, Embry ‑ Riddle Aeronautical University, Aircraft, Travelers, Hartsfield, Jackson Atlanta International Airport, Getty Locations: United States, New York City, Florida, New York, Miami, Chicago, Atlantic, AFP, Rome, Europe, Mexico, Australia, Paris, Iceland, Dublin, CNN’s

☆ Inflation isn’t keeping Americans from having fun this Memorial Day weekend
▼ + stars: | 2024-05-24 | by ( Alicia Wallace | Krystal Hur | ) edition.cnn.com time to read: +5 min

And this Memorial Day weekend could be a case in point: Travelers are expected to come out in record-setting droves. Three-plus years of high inflation have taken their toll on Americans’ budgets and, especially, their mindsets. Inflation has slowed during the past couple of years, pulling back significantly from its peak of 9.1% in June 2022. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. Pandemic-era savings have been spent while sticky inflation and high inflation rates eat into household budgets.

Persons: ” Gus Faucher, Price, ” Faucher, Taylor, it’s, ”, Ed Bastian, Swift, Delta, Taylor Swift’s, That’s, Kathleen Oberg, “, Peter Kern Organizations: New, New York CNN, Transportation Security, TSA, PNC Financial Services, CNN, Consumer, Mickey Consumer, Commerce Department, Disney, Delta Air, ” United Airlines, Mastercard, Institute, Marriott International, Marriott, Expedia Group Locations: New York, United States, Hong Kong, Europe

☆ She was the first Black woman to fly in the US Air Force. Now this trailblazing pilot is getting ready for her final flight
▼ + stars: | 2024-05-23 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +9 min

“To still impart that knowledge on young people, and particularly young black women, that they can do this.”Becoming a pilot was something Claiborne, originally from Virginia, could never have imagined for herself as a young girl. When asked about the transition to flying commercial planes, Claiborne stresses that “a pilot is a pilot.”“You’re in different type organizations, but you’re still a pilot,” she adds. So this is an opportunity for her to really enjoy herself.”Increasing diversityClaiborne is committed to increasing pilot diversity and will continue to mentor young women. It’s estimated that there are less than 150 Black women pilots in the US, and Claiborne feels a huge responsibility as one of them. While this may be the end of her commercial flying career, Claiborne isn’t necessarily saying “goodbye” to piloting forever, and would love to fly a World War II aircraft one day.

Persons: CNN — She’s, Theresa Claiborne, “ I’ve, ” Claiborne, Claiborne, “, ”, I’d, ” “, Caliborne, Ruth Bader Ginsburg, you’re, I’ve, Bessie Coleman, she’s, “ I’m, it’ll, they’d, Claiborne isn’t, ‘, ’ ” Organizations: CNN, Newark Liberty International, Air Force Reserve, Corps, US Air Force, California State University, KC, United Airlines, United, ”, US Bureau of Labor Statistics, It’s, Tuskegee Airmen Locations: New Jersey, Lisbon, Portugal, Virginia, Turkey, Sacramento, Claiborne, United States, Newark , New Jersey, Paris, Newark

☆ Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
▼ + stars: | 2024-05-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A month ago, West forecast Boeing would generate free cash flow "in the low single-digit billions." The company's aircraft deliveries in the first quarter fell to the lowest level since the pandemic. Other problems have also sprung up, including a pause on deliveries of 737 Max planes to China to review batteries for the cockpit voice recorder. Parts shortages have also slowed deliveries of 787 Dreamliners, Boeing has said. American Airlines last month said it would cut some international flights because of delays of the wide-body jets.

Persons: Brian West, West, Dave Calhoun, Max Organizations: American Airlines Boeing, Reagan National, FAA, Boeing, Wolfe Research, Federal Aviation Administration, Civil Aviation Administration, China, American Airlines, United Airlines, Southwest Airlines Locations: Los Angeles, United States, Washington , U.S, China

☆ What is air turbulence and how it creates danger in the skies
▼ + stars: | 2024-05-21 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +6 min

Here’s how air turbulence can create problems for air travelers. In cases of light and moderate turbulence, passengers might feel a strain against their seatbelt, and unsecure items in the cabin may move around. In 2022, Williams, who co-authored the study, told CNN that he believed that severe turbulence “could double or triple in the coming decades.”He went on to attribute this to “clear air turbulence,” a type of turbulence that strikes suddenly is very difficult to avoid. Since it’s sometimes impossible to anticipate when an aircraft will encounter clear air turbulence, the only way to be 100% safe is to keep strapped in for the whole ride. The Singapore Airlines flight from London to Singapore, appears to encountered severe turbulence over Myanmar after crossing Southeast Asia’s Andaman Sea.

Persons: ” Paul Williams, Williams, “, ”, Mark Prosser, Turbli Organizations: CNN, Air, Singapore Airlines, University of Reading, Federal Aviation Administration, FAA, Airline, United Airlines, University, Reading, “, National Transportation Safety Board, NTSB, National Weather Service Locations: Tokyo, Honolulu, USA, London, Singapore, Myanmar, Santiago, Chile, Viru Viru, Bolivia, Almaty, Kazakhstan, Kyrgyzstan, Bishkek, Nashville , Tennessee, Raleigh, Durham, North Carolina

☆ Taylor Swift fans are causing a spike in European air travel, United says
▼ + stars: | 2024-05-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The official kickoff for summer this weekend is going to get even busier, thanks in part to Taylor Swift. Bookings to other European cities where’s she’s performing in the coming weeks, including Madrid, Edinburgh and Dublin, are also surging, a United representative told CNN. United’s flights to Milan and Munich for Swift’s shows in July have captured the biggest increase in demand – upwards of 45% more passengers compared to last year. Delta Air Lines told CNN demand is on the rise for flights to her European tour. Airlines for America, a group representing major US airlines, predicts record numbers of passengers this summer, with carriers expected to fly 270 million passengers — up 6% from last year.

Persons: Taylor Swift, Swift, ”, Chicago’s O’Hare, United, ‘ Swiftonomics ’, “, Elvis, Beatlemania, Dr, Peter Brooks, Anna Cooban Organizations: New, New York CNN, Air, United Airlines, United, CNN, Houston . Delta Air Lines, Airlines for America, Barclays Locations: New York, Lisbon, Portugal, Europe, Madrid, Edinburgh, Dublin, Milan, Munich, East, Newark, Dulles, San Francisco, Denver, Houston, Delta, United Kingdom

☆ United Airlines flight with 157 passengers got diverted to Ireland after a laptop became stuck in a business-class seat
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A United Airlines flight was 500 miles over the Atlantic Ocean when it turned around. A passenger's laptop became stuck in their business class seat, Paddle Your Own Kanoo reported. The 157 passengers had to stay overnight in Ireland because the flight crew timed out. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA transatlantic United Airlines flight had to turn around after a business class passenger's laptop got stuck in their seat, travel news site Paddle Your Own Kanoo reported.

Persons: — Organizations: United Airlines, Service, Boeing, Business Locations: Ireland, Zurich, Chicago, Shannon

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Robinhood, Salesforce, Netflix, Roblox, Chevron, Walmart & more
▼ + stars: | 2024-05-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said top pick Nvidia remains "compelling" heading into earnings next week. Bank of America reiterates Marvell as buy Bank of America said it's sticking with its buy rating heading into earnings later this month. " Citi reiterates Walmart as a top pick Citi said the stock remains a top pick following earnings. Chevron Corp. (CVX): Reiterate Constructive View on Inﬂecting FCF Generation and Relative Valuation; Buy with 13% Total Return." "Near-term caution is offset by our increasingly bullish medium-term outlook, where CRM is well positioned for GenAI & valuation remains undemanding."

Persons: Marvell, Roth, Ree, Roth MKM, it's, REE, Wells, Oppenheimer, Reddit, Goldman Sachs, Tesla, Goldman, BTIG, Baird, Jefferies, Morgan Stanley, Baidu, Wolfe, UAL, Cantor Fitzgerald, Cantor, Price, Stifel, Salesforce Organizations: Bank of America, Nvidia, Ree Automotive, EV, Netflix, Citi, OpenAI, Google, Walmart, Darden, Jefferies, DuPont, Macquarie, Stock, underperform Bank of America, Chevron, Chevron Corp, JPMorgan, Body, United Airlines, Price Target, Health, Base Locations: Thu, Olive, China, United, Underperform

☆ Viral ‘courtesy’ letter American Airlines gives flight attendants shows how little they make
▼ + stars: | 2024-05-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

An employment verification letter American Airlines gives to some newly hired flight attendants documenting their salary has been circulating on Reddit, drawing attention to their low wages. The union says that flight attendants’ low salaries compared to top airline executives is a prime example of “corporate greed.”New flight attendants at American Airlines start at $27,000 per year. Robert Isom, the CEO of American Airlines, earned $31.4 million last year — 1,162 times more than a new attendant. American Airlines flight attendants have not gotten a raise since 2019, and the union is escalating its push for a new contract to raise wages. Flight attendants for United Airlines, Alaska Airlines and other carriers are also pushing for new contracts to raise wages.

Persons: haven’t, “, –, Robert Isom, Paul Hartshorn, APFA, Joe Biden, ” Hartshorn, ” Organizations: New, New York CNN, American Airlines, Association of Professional, Nutrition Assistance, SNAP, CNN, United Airlines, Alaska Airlines, Bureau of Labor Statistics, Railway Labor, Board, Airlines, “ Management, Southwest Airlines Locations: New York, Massachusetts

☆ Some vacationers expect to carry summer travel debt, report finds. Here's how to avoid that
▼ + stars: | 2024-05-17 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

About 86.6% of Hopper users expect to travel this summer, but 72.5% have not booked their trips yet, according to the outlook. "Leaving a balance in your credit card is not necessarily good for your credit score." Plus you're adding to the expense of that purchase, with average credit card interest rates topping 20%. Book summer travel plans soon: The sooner you book your travel plans, the lower the upfront cost will tend to be. You might still have time to book late summer, early fall trips, she explained.

Persons: Klaus Vedfelt, Hopper, Berg, " Berg, Sally French, Cardholders Organizations: Digitalvision, Getty, United Airlines, American Airlines, JetBlue Airways, Federal Reserve Bank of New, Labor Locations: Federal Reserve Bank of New York, U.S

☆ Former United Airlines CEO Oscar Munoz: Let's find the right leader for Boeing
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer United Airlines CEO Oscar Munoz: Let's find the right leader for BoeingFormer United Airlines CEO Oscar Munoz joins 'Squawk Box' to discuss Boeing as the company kicks off its annual shareholders meeting on Friday, why he believes a 'right leader' is crucial for the troubled airplane manufacturer, and more.

Persons: Oscar Munoz, Let's Organizations: Former United Airlines, Boeing Former United Airlines, Boeing

☆ She flew a record-breaking US flight – but it was kept secret for years
▼ + stars: | 2024-05-16 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

There were no women flying, there were no female airline pilots. A historic moment, kept secretRippelmeyer and Captain Emilie Jones before a flight with Air Illinois, where they became the first all-female crew of a scheduled flight in the United States. So that’s what we did.”It was December 30, 1977, and that was the first scheduled flight in the United States with an all-female crew – but it was kept a secret. At least, “since nobody died,” Lippenmeyer says, the two were no longer intentionally kept apart and flew together many more times. “My first 747 flight was to London and then my last 787 flight was to London,” she says.

Persons: CNN — Lynn Rippelmeyer’s, “, ”, Rippelmeyer, Bonnie Tiburzi, Emily Warner, Frontier –, Emilie Jones, Lynn Rippelmeyer Rippelmeyer’s, — Emilie, ” Rippelmeyer, ” Lippenmeyer, Lynn Rippelmeyer, Ozark Air Lines —, Carl Hirschberg, we’d, that’s, doesn’t, ” “, I’m, furloughed, wasn’t, didn’t, ” – Organizations: CNN, TWA, Boeing, Piper, American Airlines, Frontier, Air Illinois, Air, Airlines, Ozark Air Lines, World Airlines, TWA –, People Express, People, London Gatwick, Continental, Central America, United Airlines, Continental Airlines, Aviation Locations: Mississippi, Vermont, United States, Miami, Air Illinois, Air, JFK, ”, Newark, London, Polynesia, California, Texas, Houston, Tegucigalpa, Honduras, Central

☆ I used to work in airline safety. United's new video has good intentions, but I don't think it will make passengers any less distracted.
▼ + stars: | 2024-05-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Read previewI didn't retain much from United Airlines' new inflight safety video. "The safest safety video is one that people will want to watch even on your 45th viewing," United's creative director, Meg Mitchell, who oversaw production, told NPR. Japan Airlines' no-nonsense safety video is very different from the new one United revealed. Japan AirlinesAll 379 passengers on board that plane survived, and the airline's no-nonsense safety video likely helped. Don't get me wrong; I do think there is room for creativity in an airline safety video so long as it clearly conveys the message — but, in my opinion, United's got lost in the theatrics this time.

Persons: —, United, Meg Mitchell, United's Organizations: Service, United Airlines, Business, NPR, FAA, United, Japan Airlines, Japan Airlines Airbus, JAL Locations: Tokyo

☆ United Airlines says FAA cleared it to add new aircraft, routes after safety review
▼ + stars: | 2024-05-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines said the Federal Aviation Administration has cleared it to add new aircraft and routes months after the regulator stepped up its scrutiny of the carrier following several safety incidents. United said in March that the FAA had stepped up scrutiny of the airline after a spate of incidents earlier this year. That prevented it from launching new routes, including flights to Faro, Portugal, ahead of the busy summer travel season. The clearance from the FAA is welcome news as United and other carriers expect a record peak season this year. "We will continue to see an FAA presence in our operation as they review our work processes, manuals and facilities," it said in its employee memo.

Persons: United Organizations: Airlines, Federal Aviation Administration, FAA, Management, Boeing, Max, Alaska Airlines Locations: Faro, Portugal, Japan, San Francisco, Oregon

☆ These strong performers are still cheap as the S&P 500 hits a fresh all-time high
▼ + stars: | 2024-05-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite rallied to all-time highs Wednesday as a lighter-than-expected April consumer inflation report fueled investor sentiment. Analysts' consensus price target on United Airlines give the company the highest potential upside of the lot, at roughly 24%. HSBC analyst Achal Kumar recently initiated coverage on Delta alongside peers United Airlines and American Airlines , but named Delta its preferred stock in the sector. Kumar's $72.80 price target suggests 37% potential upside for the stock. The company posted a strong fiscal third-quarter report, which led Benchmark analyst Mark Miller to upgrade shares to buy last month.

Persons: Achal Kumar, Delta, Kumar, Mark Miller, General Motors Organizations: Nasdaq, Dow Jones, CNBC, Delta Air Lines, United Airlines, HSBC, Delta, American Airlines, Western, Automotive, General, Wall Street, Citigroup, Bank of America Locations: Delta

☆ Stocks making the biggest moves midday: AMC, GameStop, Sony, Planet Fitness and more
▼ + stars: | 2024-05-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. AMC's Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday's wild trading. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts' expectations. Boston Beer Company — Shares added 1% after the beer brewer was upgraded by Jefferies to buy from hold.

Persons: United, Newell Brands, Roth, —, Yun Li, Michelle Fox, Samantha Subin, Hakyung Kim, Brian Evans Organizations: GameStop, AMC, Sony —, LSEG, Vodafone — U.S, United Airlines —, Barclays, Boston Beer, Jefferies, JPMorgan Locations: Europe

☆ Stocks making the biggest premarket moves: GameStop, AMC, Alibaba, Sony and more
▼ + stars: | 2024-05-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: Meme stocks -- GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy "Roaring Kitty" posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood added 4% and nearly 6%, respectively. Alibaba -- U.S.-listed shares shed nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits for its fiscal fourth quarter . However, Alibaba beat revenue expectations, coming in at 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Sony -- U.S.-listed shares added 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen, topping the 2.89 trillion yen, per LSEG.

Persons: Kitty, Robinhood, FactSet, —, Jesse Pound, Alex Harring Organizations: GameStop, AMC, Home, LSEG, Revenue, Sony, PlayStation, Vodafone, Walmart, Wall Street Journal, United Airlines, Novo Nordisk

☆ Airlines ask court to block Biden administration's new fee disclosure rule
▼ + stars: | 2024-05-13 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Aerial view of United Airlines passenger planes docked in a terminal of Newark Airport in Newark, New Jersey, on May 11, 2024. Major airlines and an industry trade association asked a federal appeals court to toss out a new Department of Transportation rule requiring earlier disclosure of add-on fees during flight booking. The Biden administration introduced the airline fee disclosure rule in September 2022. Airlines for America said in a statement to CNBC on Monday that the rule will "confuse consumers" and "complicate the buying process." "Airlines already provide consumers with complete disclosure of all fees associated with air travel before they purchase a ticket," the group said in the statement.

Persons: Biden, Joe Biden Organizations: United Airlines, Newark Airport, of Transportation, Airlines for America, JetBlue, United, —, Fifth, Airlines, America, CNBC Locations: Newark, Newark , New Jersey, Alaska, American, Delta, U.S

☆ Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and more
▼ + stars: | 2024-05-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

GameStop — Shares in the video game retailer soared more than 65% on Monday after "Roaring Kitty," the man who fueled the 2021 GameStop mania, posted online on Reddit for the first time in roughly three years. Reddit , Robinhood — Shares of the two companies that were involved with the meme stock mania in 2021 rose on Monday as GameStop surged. Reddit rose more than 9%, hitting its highest level since March, while retail brokerage stock Robinhood gained about 6.2%. Intel — The chipmaker gained nearly 4% after The Wall Street Journal reported that it is in talks for an $11 billion deal with Apollo Global Management to build a factory in Ireland. Airlines — American Airlines gained 4.4%, while United Airlines and Delta Air Lines added 2.9% and 1.7%, respectively, after HSBC initiated coverage with buy ratings.

Persons: Incyte, Morgan Stanley, —, Alex Harring, Brian Evans, Hakyung Kim, Jesse Pound Organizations: Walgreens, Alliance, Bloomberg, GameStop, Arm Holdings, Nikkei, Nexstar Media Group, CW, Intel, Street Journal, Apollo Global Management, Technologies, Susquehanna, Airlines — American Airlines, United Airlines, Delta Air Lines, HSBC, Delta Locations: Irving, Texas, Ireland

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