Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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American Airlines slashes 2026 earnings outlook as fuel costs spike
American Airlines further cut its 2026 earnings outlook, citing higher fuel costs.
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China’s Geely to make EVs at Ford plant in Spain under new joint venture
Ford and Geely plan for the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028.
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Rick Rieder says income investors are facing a new regime. Here’s where he is investing now
BlackRock’s Rick Rieder sees opportunities for income in select areas of the market for the third quarter.
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IRS chief Frank Bisignano may have misled Congress, Democrats say
The IRS alone hemorrhaged more than 31,000 employees as of January in President Trump’s government cuts, according to the agency’s inspector general.
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Eli Lilly says it will file for approval of next-generation obesity drug in 2027 as it clears two more trials
There are now positive results from five late-stage trials on retatrutide, which Lilly is positioning as the next pillar of its obesity portfolio.
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Ozempic face? Botox maker reports boost from ‘sagging face’ trend
The aestetics company hope increased GLP-1 use will fuel demand for treatments addressing facial volume loss, sometimes dubbed “Ozempic face.”
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Google slapped with $1 billion fine under landmark EU digital law
European regulators fined Google 890 million euros ($1 billion) alleging the company gives preferential treatment to its own services.
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Russia’s Amazon-style retail giant Wildberries is now in Ukraine’s crosshairs. Here’s why
Ukraine has ratcheted up its attacks on Russia’s Amazon-style retail giant Wildberries, signaling a new phase in the war.
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Treasury yields follow oil prices higher as traders await latest jobs data
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was up more than 1 basis point to 4.675%
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Tesla and Alphabet shares slump in premarket trading as AI spending concerns spook investors
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
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