A United Airlines plane approaches the runway at Denver International Airport on March 23, 2026.Al Drago | Getty ImagesUnited Airlines slashed its 2026 earnings outlook Tuesday as it grapples with a surge in jet fuel prices due to the Iran war.United said it could earn between $7 and $11 a...
Category: News
Netflix was long ‘a builder not a buyer.’ Is that era over?
For years, Netflix top brass would tell investors they were builders not buyers. Now, that sentiment toward growth may be changing. On Thursday Netflix reported its quarterly earnings. Typically, Netflix's earnings calls are focused on metrics like engagement, content spending, price hikes and membership. While those factors were still present...
Netflix stock sinks despite earnings beat, streamer says Reed Hastings to exit board
Reed Hastings, Netflix's co-founder and then-CEO, in Sydney to meet with executives of other subscription streaming services on Feb. 25, 2022.Wolter Peeters | Fairfax Media | Getty ImagesNetflix shares fell 9% in extended trading on Thursday after the streaming giant released its first-quarter earnings report and announced a key governance...
How Kodak is trying to turn around its business after teetering on bankruptcy
On Jim Continenza's first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake.The photography technology company was in the process of shutting down its acetate factory, which makes one of...
DOJ launches probe into NFL over media rights packages and antitrust concerns
The U.S. Department of Justice has opened an investigation into the NFL over potential anticompetitive tactics, a government official told CNBC. The investigation stems from questions about "affordability for consumers and creating an even playing field for providers," the official said. The government's investigation comes as the NFL is looking...