Author: i2wtc
Planes line up on the tarmac at LaGuardia Airport on Nov. 10, 2025 in New York City.Spencer Platt | Getty ImagesSouthwest Airlines cut its 2025 earnings forecast Friday, citing a demand dip during the federal government shutdown, the longest ever.The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million, because of lower revenue in the shutdown and higher fuel prices. “Following the temporary decline in demand related to the shutdown, bookings have returned to previous expectations,” Southwest said in a securities filing.Earlier this week,…
Key PointsTalk of an AI bubble has grown since high-profile investor Michael Burry, known for predicting the housing meltdown ahead of 2008, revealed he is shorting AI players like Nvidia and Palantir. Healthcare, meanwhile, is recovering after a perfect storm, according to Kepler Cheuvreux analysts.The sector is also increasingly benefiting from AI adoption which is driving efficiencies and innovation, Arnaud Girod, head of economics and cross asset strategy at Kepler Cheuvreux said.Talk of an AI bubble bursting is on the up, and a Kepler Cheuvreux analyst told CNBC that healthcare was the sector for investors looking for shelter. Sky-high valuations…
Workers are seen at the construction site of Ice and Snow World in Harbin, northeast China’s Heilongjiang Province, Dec. 5, 2025. The 27th edition of Ice and Snow World in Harbin has recently kicked off its construction work, which involves more than 10,000 workers and about 1,000 machines. The park area is expected to be extended to 1.2 million square meters, the largest of all editions in history. (Xinhua/Zhang Tao)An aerial drone photo taken on Dec. 5, 2025 shows workers operating at the construction site of Ice and Snow World in Harbin, northeast China’s Heilongjiang Province. The 27th edition of…
Human Rights lawyer and social activist Imaan Mazari and her husband Hadi Ali Chattha. Photo File Lawyer Imaan Mazari and her husband Hadi Ali Chattha have filed a petition in the Islamabad High Court seeking the transfer of their case, alleging a lack of transparency by Additional Sessions Judge Afzal Majoka. The petition was filed during the final hearing of the controversial tweets case at the District and Sessions Court. Mazari reportedly told the judge with a smile, “Give me the sentence of seven years, I am ready.” Judge Majoka did not respond. Read: Trial against Imaan Mazari ‘not transparent,’…
A relentless Australia seized a 44-run lead over England in the day-night second Ashes Test in Brisbane on Friday, with aggressive opener Jake Weatherald and Steve Smith leading the charge. By stumps the hosts had not only reeled in England’s first-innings 334 but raced clear, ending a draining day two on 378-6 in front of a big and boisterous crowd at a humid Gabba. A decent lead is shaping as pivotal, with the pitch likely to deteriorate in the coming days. The hosts are 1-0 up in the series after beating England in Perth inside two days. “That was a…
The Trump administration views the proposed $72 billion deal for Netflix to acquire Warner Bros. Discovery’s film and streaming assets with “heavy skepticism,” a senior administration official told CNBC’s Eamon Javers on Friday morning.Netflix said Friday that it would acquire Warner Bros.’s film studio and streaming service, HBO Max.Paramount Skydance had made multiple bids for all of WBD.The New York Post on Thursday reported that, “Paramount Skydance chief David Ellison met with Trump officials and key lawmakers in Washington DC on Wednesday to press his case against Warner Bros. Discovery’s potential selection of Netflix as its merger partner.”Ellison’s billionaire father,…
Netflix announced Friday it’s reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets. The transaction is comprised of cash and stock and is valued at $27.75 per WBD share, the companies said. That puts the equity value of the deal at $72 billion, with a total enterprise value of approximately $82.7 billion. Netflix will acquire Warner Bros.’ film studio and streaming service, HBO Max. Warner Bros. Discovery will move forward with its previously planned spinout of Discovery Global, which includes…
Antonio Neri, President and CEO of Hewlett Packard Enterprise.Anjali Sundaram | CNBCHewlett Packard Enterprise shares fell 5% Friday after the company reported fourth-quarter revenue that missed analyst expectations.The company reported earnings after the bell on Thursday, posting revenue of $9.68 billion, which was up 14% over the year prior but fell short of the $9.94 billion in revenue expected by analysts polled by LSEG.Revenue for HPE’s server segment came in at $4.46 billion, down 5% from the $4.68 billion a year ago. The fourth-quarter number missed StreetAccount analyst expectations of $4.58 billion.CFO Marie Myers addressed the shortfall on the analyst…
Khyber-Pakhtunkhwa Chief Minister Muhammad Sohail Afridi. Photo: File RAWALPINDI: Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi on Thursday once again failedfor the ninth timeto meet incarcerated former prime minister Imran Khan at Rawalpindi’s Adiala Jail. The chief minister, visibly angry, later said denying a provincial chief minister access to his leader despite a high court order was illegal and amounted to contempt of court. “This has become a serious matter. We will give a strong and firm response,” he said. After attending a meeting of the National Finance Commission (NFC) in Islamabad, Afridi reached near Adiala Jail, where heavy police deployment…
The Warner Bros. studios water tower stands next to a U.S. flag in Burbank, California, U.S. Nov. 18, 2025. Mike Blake | ReutersThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. And the winner is…Breaking news this morning: Netflix said it reached a deal to purchase Warner Bros. Discovery’s film and streaming assets, ending the sale process that has been the talk of tinsel town.Here are the details:Under the deal, Netflix will acquire WBD’s film studio and HBO Max streaming service. Discovery will…