Boeing will burn through cash this year and deliveries of new planes won’t improve in the second quarter from the first, as the manufacturer deals with a host of production challenges tied to its bestselling planes, the company’s CFO, Brian West, said Thursday.
Category Archives: business
Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs
Tesla CEO Elon Musk said that he doesn’t support President Biden’s recent announcement of a tariff on Chinese-made electric vehicles.
What the Ticketmaster-Live Nation lawsuit could mean for fans of live music
Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee.
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America.
Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer.
Dow falls 600 points in worst day of 2024 as Nvidia’s blockbuster earnings fail to lift broader market
Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market.
‘Leave the World Behind’ tops all Netflix viewing for second half of 2023
“Leave the World Behind” was the most-watched film — and title overall — on Netflix globally in the second half of 2023, while “One Piece” led on the TV side.
Tesla owner says car’s ‘self-driving’ tech failed to detect train before crash caught on camera
A Tesla car in Full-Self Driving mode appeared to fail to detect a moving train and stop on its own, ahead of a chaotic accident caught on video.
Warner Bros. Discovery’s NBA rights offer could put it in competition with Amazon, not NBC
Warner Bros. Discovery is considering matching an offer for the media rights to a package of National Basketball Association games as the league looks to finalize terms — but its focus could be on a potential Amazon package rather than games slated for Comcast’s NBCUniversal, according to people familiar with the matter.
‘It is time to break up Live Nation’: DOJ sues Ticketmaster parent over alleged monopoly
The Justice Department filed lawsuit Thursday seeking to break up Live Nation, alleging that the Ticketmaster parent company has hurt consumers.