A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images)John J. Kim | Chicago Tribune | Getty ImagesSouthwest Airlines on Wednesday posted a surprise profit for the third quarter and said it expects to generate record sales in...
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Investor Lauren Taylor Wolfe says we are ‘absolutely’ in an AI bubble now
Lauren Taylor Wolfe, co-founder of activist investment firm Impactive Capital, said the surge in enthusiasm around artificial intelligence has all the markings of a bubble."We are absolutely in an AI bubble now. It is going to burst," she said on CNBC's "Squawk on the Street" Tuesday to David Faber. "I...
India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report
U.S. President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025.Jim Watson | Afp | Getty ImagesThe U.S. could substantially slash tariffs on Indian exports as the two countries near a trade deal that could...
As secondhand luxury soars, authentication becomes a new gold standard
As the global market for secondhand luxury items surges, authentication has become the defining factor separating credible platforms from the rest.The resale market for fashion and luxury items is expanding at an annual rate of 10%, three times faster than the firsthand market, according to a report released Oct. 9...
Cost and chaos continue to test resiliency of U.S. auto industry
A worker at Ford's Kentucky Truck Plant on April 30, 2025.Michael Wayland | CNBCDETROIT — "A lot of cost and a lot of chaos." That's how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions.All those...