Air India CEO says carrier embracing ‘new normal’ after deadly crash
An Air India Boeing 787-8 Dreamliner. Sopa Images | Lightrocket | Getty Images LONG BEACH, Calif. — Air India CEO Campbell Wilson said the carrier has embraced a “new normal” and a stepped-up safety focus following the crash of one of its planes in June, the deadliest aviation disaster in a decade. All but one […]
Klarna’s stock rockets in its first trades after IPO — but it’s losing some steam
Klarna’s IPO comes in the aftermath of strong public debuts from Figma and Circle.
Avelo Airlines to buy 50 E2 jets from Brazil plane maker Embraer
An Embraer SA E190-E2 passenger aircraft stands on display on day two of the Farnborough International Airshow (FIA) 2018 in Farnborough, U.K., on Tuesday, July 17, 2018. Bloomberg | Bloomberg | Getty Images Brazilian airplane maker Embraer has landed its first U.S. sale of its efficient but slow-selling E2 jets with a 50-plane deal from […]
Uber Eats partners with Pipe to offer loans to restaurants
Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire loans with fewer barriers to access, CNBC has learned. Pipe is teaming up with Uber Eats to add its embedded technology to the company’s restaurant manager app. Eligible restaurants will see pre-approved capital offers from Pipe that are customized […]
It’s been on and off the market, but the Baldwins are keeping their Hamptons estate
Despite making multiple attempts to sell it, Alec and Hilaria Baldwin say they have no plans to part ways with the 8-acre property.
Airbus CEO reaffirms delivery guidance for 2025
Airbus CEO Guillaume Faury told CNBC on Tuesday that the plane maker remains on pace to deliver about 820 commercial aircraft in 2025, even as engine production delays continue to limit its capabilities. In an interview with CNBC’s Phil LeBeau, Faury said the European company is “on track” with aircraft production and has been making […]
Incomes rose and poverty fell last year — so why do so many Americans feel ‘tapped out’?
Census numbers show “the middle class is tapped out,” economist says.
Ford rolls out new ad campaign amid industry-wide uncertainty
Ford on Wednesday rolled out a new advertising campaign that the company said will mark a “fundamental shift” in its branding strategy — and comes as the auto industry deals with major uncertainty. The automaker’s new strategy, titled “Ready, Set, Ford,” goes beyond vehicle-first advertising, Ford said, and instead focuses on the people who buy […]
Cracker Barrel suspends restaurant remodels after logo controversy
The Cracker Barrel logo is seen on a billboard outside of one of its restaurants. Paul Weaver | Lightrocket | Getty Images The Old Country Store look is back. Cracker Barrel announced Tuesday that it was suspending all restaurant remodels, the latest chapter in the controversy over its rebranding that reached as far as the […]
Judge rules Lisa Cook can stay at the Fed. She’ll vote at this month’s rate-setting meeting.
A judge has ruled that Federal Reserve govern Lisa Cook should stay in her post for the central bank’s Sept. 16-17 meeting that will set interest rates, delivering a setback to President Donald Trump’s effort to fire her over an allegation of mortgage fraud.
