Delta Air Lines‘ profit goal is in reach this year as the carrier passes along higher fuel costs to customers, pricing power CEO Ed Bastian expects to last even as oil prices drop from multiyear highs. “I think it’s sustainable,” Bastian told CNBC in an interview. He said fares will likely stay strong thanks to…
Cars are parked in fron of the Zwickau Volkswagen Plant on July 9, 2026 at the Zwickau, eastern Germany. Jens Schluter | Afp | Getty Images Volkswagen‘s management plans to drastically reduce its model lineup and further cut capacity, although the German auto giant stopped short of announcing sweeping job cuts following tense stakeholder talks….
Abivax‘s latest funding round allows the biotech to move toward a U.S. launch of its bowel disease drug without backing from Big Pharma, CEO Marc de Garidel told CNBC after months of intense takeover speculation. “Thanks to the cash we raised… We are in a position to have cash until the end of 2029, and…
Global oil demand is set to decline for the first time since 2020 as the Iran war wreaked havoc with production and exports in the Middle East, the International Energy Agency (IEA) said Friday. World oil demand is set to decline by 1 million b/d year-on-year in 2026, which would mark its first annual decrease…
The Nasdaq MarketSite in New York, US, on Monday, June 15, 2026. Michael Nagle | Bloomberg | Getty Images Tech bulls may not have to wait much longer for fresh highs, if the single-biggest trade in the Invesco QQQ Trust ETF on Thursday is any indication. The trader spent $24 million on a three-part call…
An EasyJet Airbus A320 aircraft is seen at Malpensa Airport near Milan, Italy, October 3, 2018. Stefano Rellandini | Reuters EasyJet stock soared Friday after the budget carrier said it is considering a $7.7 billion takeover bid from Apollo Global Management. Under the terms of the cash offer, easyJet shareholders would be entitled to £7.15…
The Indian Army’s Brahmos missile system takes part Rehearsal in full swing ahead of the Republic Day Parade 2025, at Kartavya Path on January 20, 2025 in New Delhi, India. Raj K Raj | Hindustan Times | Getty Images India will supply its BrahMos and Astra missiles to Indonesia, the country’s third such agreement in…
Motorists purchase gas at a station in Chicago, Illinois, June 9, 2026. Scott Olson | Getty Images Stock Chart IconStock chart icon WTI Crude 5-day chart. On Thursday, the national average of gas prices was at $3.84, according to AAA, up 5 cents from the day prior. The rise comes as U.S. oil prices rose…
POLAND – 2025/09/05: In this photo illustration, an SK hynix logo is seen displayed on a smartphone with the American flag in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images As global chip giant SK Hynix makes its Nasdaq debut Friday, the listing will test…
CNBC’s Jim Cramer said Thursday that SK Hynix’s upcoming Nasdaq debut will give U.S. investors a new way to bet on the artificial intelligence boom, but warned the South Korean memory-chip giant comes with significant risks. “We know the memory chip business is on fire and if you’re willing to accept the volatility, I think…
