When Spirit Airlines shut down before dawn on May 2, work for pilot Steve Giordano was just beginning. Giordano, managing partner of the Nomadic Aviation Group, told CNBC he organized a massive repossession of more than 20 Spirit planes that lessors wanted returned. In just over a week, he said he and his team ferried…
CNBC’s Jim Cramer said Friday he is growing increasingly concerned about signs of speculative excess in the IPO market. The “Mad Money” host warned he didn’t want to “end up with another Cerebras,” arguing that the highly anticipated debut of Elon Musk’s SpaceX could fuel another wave of speculative buying. SpaceX is expected to go…
Cerebras Systems Inc. signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras Systems‘ shares sank 10% on Friday after the company completed the largest IPO by a U.S. tech firm in years. The semiconductor firm…
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround. The company said it will cut 300…
President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday, more than the 150 aircraft Boeing had expected. “One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,” Trump told Fox News, referring to Chinese President Xi…
Tesla and SpaceX CEO Elon Musk attends a state banquet for US President Donald Trump and China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images SpaceX, which confidentially filed for an IPO in April, is planning to disclose its prospectus…
Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company’s expected range. That values the chipmaker at over $100 billion. The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber’s…
President Donald Trump onstage at the Treasury Department’s Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. With the Trump…
Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a stand-alone company after separating from Comcast’s NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report revealed continued pressure in the traditional pay TV bundle but highlighted growth in digital platform and licensing businesses. Versant…
Burberry‘s full-year results marked a “meaningful inflection point,” the company said Thursday, as the luxury group reported sales growth boosted by strong demand from its key Americas and China markets. But Burberry stock slipped 6.84% by 11.21 a.m. in London (6:21 a.m. ET) as a weaker performance in Europe and the Middle East weighed on…
