Boeing CEO Kelly Ortberg is expected to join President Donald Trump on his visit to China next week, a source familiar with the plane maker’s plans told CNBC on Thursday. Trump is currently set to meet with Chinese President Xi Jinping in Beijing on May 14 and 15. Ortberg said on an earnings call late…
President Donald Trump delivers remarks on Trump Accounts at the Andrew W. Mellon Auditorium in Washington, Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images With less than two months until the official launch of Trump Accounts, there are reports that business leaders and philanthropists may, at some point, be able to donate stock…
A sign hangs outside of a Shake Shack location on Feb. 21, 2025 in Chicago, Illinois. Scott Olson | Getty Images Shake Shack stock tumbled 30% in morning trading on Thursday after the burger chain reported an operating loss of $2.6 million. The company’s earnings and revenue also fell short of Wall Street’s expectations, based…
Kylian Mbappe exercising inside the gym at Ciudad Real Madrid on May 06, 2026 in Madrid, Spain. Antonio Villalba | Real Madrid | Getty Images France has emerged as a clear fan favorite for this year’s FIFA World Cup in North America, according to a Bank of America survey — but Microsoft’s Copilot artificial intelligence…
Whirlpool shares tumbled Thursday after the iconic appliance maker warned that the Iran war triggered a severe downturn, underscoring how sharply higher fuel prices and collapsing consumer confidence are beginning to weigh on big-ticket purchases. “War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,”…
The Peloton Tread+ and Bike+ during a media preview at Peloton headquarters in New York, US, on Tuesday, Sept. 30, 2025. Gabby Jones | Bloomberg | Getty Images Peloton posted fiscal third-quarter earnings results Thursday that beat Wall Street expectations on revenue but fell slightly short on earnings per share. The company touted better-than-expected equipment…
Argor-Heraeus’ CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Denis Balibouse | Reuters The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market…
Developing a new drug can cost a billion dollars and take more than a decade. That makes investing in new treatments in the rare disease space — where patient populations are small, and the chance of earning a return on that investment even smaller — a risky bet for big pharmaceutical companies. That’s a big…
The flags of the European Union fly in front of the European Parliament. Philipp von Ditfurth | dpa | Picture Alliance | Getty Images The European Union is considering rules that would restrict its member governments’ use of U.S. cloud providers to handle sensitive data, sources familiar with the talks told CNBC. The European Commission…
Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company’s fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts’ consensus estimate of $1.47 billion. Non-GAAP earnings per…
