This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch There is an old British saying about buses: you wait ages for one and then two arrive at once. Pharmaceuticals analysts experienced something similar on Monday as the big two U.K. drugmakers — GSK and AstraZeneca —…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a…
Howie Rubin Jonathon Ziegler | Patrick McMullan | Getty Images Famed retired money manager Howard Rubin was arrested Friday morning on charges of sex trafficking and transporting women across state lines for commercial sex acts over the course of a decade, according to a new indictment. Rubin, 70, participated in sex acts with the women…
Zohran Mamdani grabbed the national spotlight midyear when he won New York City’s Democratic mayoral primary, defeating former Gov. Andrew Cuomo. As the city prepares for the mayoral election in November, voters are closely watching the promises Mamdani is making to win support. One of Mamdani’s key campaign promises is the creation of city-owned grocery stores….
US President Donald Trump delivers remarks to the United Nations General Assembly at the UN headquarters in New York City on September 23, 2025. Timothy A. Clary | Afp | Getty Images President Donald Trump mocked the United Nations’ headquarters in a speech to the General Assembly, recalling his failed bid to renovate the building…
U.S. President Donald Trump prepares to announce an agreement with British Prime Minister Keir Starmer (not pictured) between the two countries, at Chequers at the conclusion of a state visit on Sept. 18, 2025 in Aylesbury, Britain. Leon Neal | Via Reuters A federal judge in Tampa, Florida, on Friday dismissed President Donald Trump‘s $15…
California Attorney General Rob Bonta speaks at a press conference in February 2024. CNBC Nearly two dozen attorneys general, and a wide range of consumer groups and advocates, have registered their opposition to the Trump administration‘s proposed regulation that could narrow eligibility for a popular student loan forgiveness program for government and nonprofit workers. The…
NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025. The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue…
When Neil Hershman, the 30-year-old CEO and majority owner of frozen yogurt chain 16 Handles, visits his self-serve dessert shops, he keeps it simple. His go-to order: a plain tart-flavored swirl with strawberries, blueberries, chocolate chips and hazelnut crunch. And no, he does not eat frozen yogurt every day — just a few times a…
(L-R) U.S. President Donald Trump and Rolex CEO Jean-Frederic Dufour arrive in the Rolex suite prior to the Men’s Singles Final match between Jannik Sinner of Italy and Carlos Alcaraz of Spain on Day Fifteen of the 2025 US Open at USTA Billie Jean King National Tennis Center on September 07, 2025 in New York…
