Private jet demand declines as tariffs spook would-be buyers
A Cessna Citation jet aircraft is viewed at Charles M. Schulz Sonoma County Airport in this aerial photo taken on June 1, 2021, near Healdsburg, California. George Rose | Getty Images With consumer confidence tumbling, demand for commercial air travel has waned. Even deep-pocketed travelers are pulling back, according to Barclays’ latest survey of business […]
Kevin Warsh says the Fed is broken. He’s taking dead aim at Powell’s job.
Wall Street’s odds-on favorite to lead the Federal Reserve lays out his vision of a central bank that retreats back behind its high walls.
Car purchases rise, consumer spending slows
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas. Brandon Bell | Getty Images At car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones early. Yet when […]
A ‘property-tax revolt’ is underway across the country. These numbers explain what’s driving it.
More than 72% of metropolitan areas with at least 200,000 residents saw above-average increases in property-tax bills last year, according to a property-data and real-estate analytics firm.
Novo Nordisk legal win bars many compounded Wegovy, Ozempic drugs
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Novo Nordisk scored a huge legal victory that […]
Trade war is opportunity for Latin America
MercadoLibre CEO Marcos Galperin CNBC The CEO of Argentina’s MercadoLibre — often called the Amazon of Latin America — sees big opportunity for Latin America in the U.S.-China trade war. “If Latin America plays its cards well, I think could benefit from this volatility,” MercadoLibre CEO and founder Marcos Galperin told CNBC’s Robert Frank on […]
Why airlines were already raising baggage fees even before travel demand started dropping
Airline passengers around the globe spend $33 billion on baggage fees — and now Southwest plans to start charging for the first time.
International tourists to U.S. fall, but Americans keep going abroad
Tourists look at the Bridge of Sighs in Venice, Italy, on Aug. 25, 2021. Andrea Merola | Bloomberg | Getty Images Caroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish Steps in Rome, they ran into another family […]
Another drugmaker says tax reform, not tariffs, would drive U.S. manufacturing
AbbVie took a little shot at the Trump administration’s trade policy, as the drugmaker said Friday that rather than tariffs, tax reform is the key to boosting U.S. manufacturing.
Alaska Air (ALK) 1Q 2025 earnings
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected bookings. Alaska said […]
