The economy cabin of American Airlines A321XLR. Leslie Josephs/CNBC American Airlines is about to fly passengers to California for the first time on a skinny, long-range plane that it hopes will change air travel. The airline’s head of network planning now has to decide where else it should fly. The first Airbus A321XLR for a…
CNBC’s Jim Cramer reviewed Medline, a medical supplies giant that made its market debut Wednesday, saying that he’d wait for a pullback to buy the stock after shares soared more than 41%. “We had the largest IPO in over four years today, and it generally went pretty darn well,” Cramer said. “In fact, it went…
CEO and President of Warner Bros. Discovery David Zaslav and CEO of Paramount Skydance, David Ellison. Mike Blake | Brendan McDermid | Reuters It’s time for everyone’s favorite holiday tradition — CNBC’s annual anonymous media executive predictions! CNBC spoke with 16 of the most powerful and influential executives in U.S. media, sports and entertainment, who…
Copper supply constraints have led to soaring prices and stockpiling in 2025 – and according to the CEO of one of the world’s largest mining firms, elevated prices aren’t likely to climb down anytime soon. Copper prices hit a record high of $11,952 per metric ton on Friday, the latest record high this year driven…
The State Street Communication Services Select Sector SPDR ETF (XLC) has quietly been building a bullish formation over the past two months, as is clear on the chart below. A decisive breakout above the neckline of this inverse head-and-shoulders pattern would imply upside potential above the prior all-time high that was set in mid-September. While…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story India-U.S. relationship looked set to reach new heights at the start of 2025. Prime Minister Narendra Modi was among the earliest foreign leaders to meet the newly elected…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) The market’s ability to absorb the unwind of the AI-infrastructure trade is being tested more urgently; its efforts to rotate away from danger by moving to banks, value stocks and consumer cyclicals hitting…
CNBC’s Jim Cramer on Wednesday expressed trepidation about circular transactions between tech companies as Wall Street weighs the value of artificial intelligence heavy hitter OpenAI. “These days, we’re constantly hearing about what I’d call these ‘Lazy Susan’ deals, except they’re being celebrated as good news for both parties,” he said. To Cramer, a “Lazy Susan”…
Military vehicles queue to launch U.S.-made TOW A2 missiles during a live firing exercise in Pingtung county on July 2023. Sam Yeh | Afp | Getty Images The U.S. on Thursday approved its largest arms sale to Taiwan, at $11.15 billion, as the island faces growing threats from China and has been a subject of…
Starbucks and Burger King are betting big on a partnership model that’s gaining traction in China: selling majority stakes to local private equity firms as the battle for market share rages on. Foreign food-and-beverage chains once thrived in China without adapting much — premium Western products practically sold themselves. Today, decisions made from distant headquarters…
