Kevin Warsh, U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, prepares to testify during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnick | Getty Images A version of this article first appeared in CNBC’s…
An American Airlines flight lands at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., Nov. 7, 2025. Nathan Howard | Reuters American Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year. American said it could…
Key Points Homebuilder sentiment dropped sharply in April, according to a monthly index from the National Association of Home Builders. The war with Iran has pushed mortgage rates higher and layered on big increases in costs for materials and transportation due to the spike in oil prices. A slew of building suppliers reported price hikes…
Comcast topped Wall Street’s revenue and earnings estimates for the first quarter on Thursday, lifted by NBC’s sports slate in February and improving broadband customer losses. The company said it lost 65,000 broadband customers compared with 183,000 losses in the same period last year. Heightened competition from wireless providers like Verizon and T-Mobile has led…
An Iranian salesperson sits beside a portrait of Iran’s late Supreme Leader Ayatollah Ali Khamenei at his fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The war in the Middle East is plunging Iran’s already fragile economy into freefall. Tehran’s…
BMW wants to keep making sedans in spite of U.S. tariff pressures on German imports and the far higher sales of sport utility vehicles, said Sebastian Mackensen, the company’s North America chief. Mackensen made the comments in an interview on Tuesday, a day before BMW unveiled an updated version of its full-size 7 Series sedan,…
Lululemon store sign in London, March 2, 2026. Peter Dazeley | Getty Images Lululemon on Wednesday named Heidi O’Neill as the athleisure company’s new CEO, effective Sept. 8. The news comes after the company has seen more than a year of disappointing performance and is embroiled in a dramatic proxy battle, with founder Chip Wilson…
A Southwest Airlines Boeing 737 airplane lands at Los Angeles International Airport after arriving from Chicago on March 7, 2026 in Los Angeles, California. Kevin Carter | Getty Images Southwest Airlines forecast second-quarter earnings below analyst estimates, citing higher fuel prices, while holding off on updating its full-year 2026 forecast. Southwest expects to earn between…
U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. gestures as he speaks during an event at the Roosevelt Room of the White House in Washington, D.C., U.S., Dec. 19, 2025. Evelyn Hockstein | Reuters Health and Human Services Secretary Robert F. Kennedy Jr. on Wednesday said he would support a potential ban…
Kevin Warsh, President Donald Trump‘s nominee for Federal Reserve chair, told lawmakers that he would like the central bank to change its strategy for measuring inflation. But Bank of America economist Aditya Bhave warned Wednesday that such a reconfiguration — part of a broader “regime change” that Warsh has promised for the central bank —…