Southwest Airlines reports better-than-expected earnings, revenue despite 737 Max jet grounding

Southwest Airlines reports better-than-expected earnings, revenue despite 737 Max jet grounding

Mark Ralston | AFP | Getty Images Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019. Southwest Airlines first-quarter earnings took a hit from the prolonged grounding of the Boeing 737 Max jets that forced it to…
Deutsche Bank and Commerzbank merger talks collapse

Deutsche Bank and Commerzbank merger talks collapse

Merger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, have ended in failure. The banks cited the need for extra capital, restructuring costs and execution risks as the reasons why the merger would not be in their best interests. "It made sense to evaluate this option for domestic consolidation in Germany. However, we…
Putin summit helps Kim Jong Un show North Korea ‘has options,’ expert says

Putin summit helps Kim Jong Un show North Korea ‘has options,’ expert says

Some experts have suggested Kim is likely to use Thursday's talks to try to convince Putin to allow the thousands of North Korean workers in Russia to stay. Washington has said it believes the 100,000 North Korean laborers abroad — including some 30,000 in Russia — contribute more than $500 million a year to Pyongyang's…
UBS profits drop 27% in first quarter on ‘challenging market conditions’

UBS profits drop 27% in first quarter on ‘challenging market conditions’

UBS reported a 27% fall in net profit for its first quarter, compared to the same period the year before, with the Swiss bank citing challenging market conditions. Net income for the first quarter came in at $1.1 billion, versus $848 million expected in a Reuters poll of analysts. However, this was lower than the…
Jack Dorsey reveals his big Twitter regret

Jack Dorsey reveals his big Twitter regret

"Was that the right decision at the time? Probably not," said Dorsey, who is also founder of fintech company Square. "If I had to start the service again, I would not emphasize the 'follower' count as much. I would not emphasize the 'like' count as much," he continued. Dorsey went as far as to say…
This is the worst year for measles in the US since the disease was eliminated nationally in 2000

This is the worst year for measles in the US since the disease was...

Shannon Stapleton | Reuters New York City Mayor Bill de Blasio speaks during a news conference declaring a public health emergency in parts of Brooklyn in response to a measles outbreak, requiring unvaccinated people living in the affected areas to get the vaccine or face fines, in the Orthodox Jewish community of the Williamsburg neighborhood,…
Tesla braces investors for another quarter in the red

Tesla braces investors for another quarter in the red

Tesla CFO Zach Kirkhorn braced investors for another quarter in the red during the company's first quarter earnings call on Wednesday. In response to questions about challenges ahead for Tesla in 2019, Kirkhorn said: "We did make pricing adjustments to our products in Q1 which puts pressure on margins, so that's part of what we…
Polls show Joe Biden entering the Democratic primary with a significant lead

Polls show Joe Biden entering the Democratic primary with a significant lead

"But the bigger question will be what happens when those voters start taking a closer look at him on the campaign trail. It's a long way to Iowa and a lot can happen," Murray said Tuesday in a statement announcing the poll results. A large Reuters/Ipsos poll released Wednesday had similarly good news for Biden,…
Don’t wait for the ‘all clear’ on semiconductor sales to make a bet on Texas Instruments, Cramer says

Don’t wait for the ‘all clear’ on semiconductor sales to make a bet on...

Don't wait for the "all clear" on semiconductor sales to make a bet on Texas Instruments, CNBC's Jim Cramer said Wednesday. The semiconductor manufacturer has posted slowing chip sales in recent quarters, and said Tuesday it does not expect demand for chips to improve in 2019. Meanwhile, its shares reached a 52-week high during the…
Stocks making the biggest moves after hours: Facebook, Microsoft, Tesla and more

Stocks making the biggest moves after hours: Facebook, Microsoft, Tesla and more

Check out the companies making headlines after the bell: Shares of Facebook popped more than 7% in extended trading Wednesday following the release of the social media giant's first-quarter earnings. Facebook reported earnings per share of 85 cents, which was not comparable to analysts' estimates due to a $3 billion legal expense related to a…

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