Aerial firefighting companies now have to keep up with demand
As out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season. The California Department of Forestry and Fire Protection, or Cal Fire, has more than 60 fixed-wing […]
China-made BYD Shark pickup is a predator circling global truck market
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made […]
The Social Security Fairness Act is a terrible piece of legislation — here’s how to fix the problem
Looking to the underlying problem — uncovered state and local workers
Norovirus vaccine from Moderna could have Phase 3 results this year
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Norovirus is raging across the U.S. this winter. Moderna might soon have a vaccine for it. A large phase three trial of the shot is underway, with results […]
Trump tariff talk is heating up on Wall Street, signaling a rocky road ahead for investors
S&P 500 companies’ mentions of tariffs on earnings calls have surged, according to Citi Research.
Store closures rise, led by Party City, Big Lots, Walgreens
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty Images Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly […]
Corporate tax cuts don’t boost the economy — despite what many investors believe
Raising corporate taxes — not cutting them — frequently delivers faster economic growth.
American Airlines (AAL) 4Q 2024 earnings
American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending its shares down nearly 9%. The carrier forecast an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025 based on current demand trends and a fuel price forecast, a wider loss than the 4 […]
AmEx spending picked up at year-end, thanks to younger cardholders
Silas Stein | Picture Alliance | Getty Images American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the year to 6% […]
Target joins Walmart in pulling back on DEI. But this big retailer and its shareholders are staying the course.
Target said that it was ending its diversity, equity and inclusion goals as it tries to align itself with an “evolving external landscape.”
