United Airlines Holdings Inc . Chief Executive Officer Scott Kirby said ticket prices may have to go up by 20% if jet fuel prices remain elevated for longer. The airline expects some consumer pushback and fewer people to travel if ticket prices continue to rise, Kirby said in a Bloomberg TV interview on Tuesday. The airline has already reduced 5% of its capacity on routes that are not profitable a...
United Airlines Holdings Inc . Chief Executive Officer Scott Kirby said ticket prices may have to go up by 20% if jet fuel prices remain elevated for longer. The airline expects some consumer pushback and fewer people to travel if ticket prices continue to rise, Kirby said in a Bloomberg TV interview on Tuesday. The airline has already reduced 5% of its capacity on routes that are not profitable and don’t cover higher fuel prices, Kirby said. Still, at the moment, demand remains very strong, Kirby said. United, the world’s largest airline by capacity, has previously said it expects oil prices to rise to as much as $175 a barrel in a worst-case scenario and trade at over $100 a barrel through 2027. Airlines globally are grappling with a painful spike in oil prices amid a supply crunch because of the war in Iran. Major US carriers like United are not hedged on fuel, leaving them without protection from volatile price jumps. The broader industry has already responded with fare increases and fuel surcharge to claw back some of the elevated costs.
OpenAI is trying to attract private equity firms, as this could strengthen its enterprise strategy and secure additional capital for growth. The company is offering significant incentives, including favorable investment terms and access to its latest artificial intelligence (AI) models, as part of its joint-venture discussions aimed at accelerating technology adoption. The move became necessary as...
OpenAI is trying to attract private equity firms, as this could strengthen its enterprise strategy and secure additional capital for growth. The company is offering significant incentives, including favorable investment terms and access to its latest artificial intelligence (AI) models, as part of its joint-venture discussions aimed at accelerating technology adoption. The move became necessary as competition became intense with industry rivals like Anthropic, which is also trying to expand its
FabrikaCr/iStock via Getty Images Global energy markets have been waiting for what one analyst calls a “TACO moment”—a point where President Donald Trump pulls back from the brink of escalating conflict with Iran due to mounting economic and political pressures. Bjarne Schieldrop, chief commodities analyst at SEB, told CNBC that the combination of Brent crude ( CO1:COM ) hitting $112 per barrel, t...
FabrikaCr/iStock via Getty Images Global energy markets have been waiting for what one analyst calls a “TACO moment”—a point where President Donald Trump pulls back from the brink of escalating conflict with Iran due to mounting economic and political pressures. Bjarne Schieldrop, chief commodities analyst at SEB, told CNBC that the combination of Brent crude ( CO1:COM ) hitting $112 per barrel, the S&P 500 ( SP500 ) falling below its 200-day moving average, and gasoline prices ( XB1:COM ), ( UGA ) exceeding $4 per gallon may have marked that critical threshold. “Was that the pain point of Donald Trump? That is the brink where he pulls back,” Schieldrop said. Despite what has been described as the biggest energy disruption in history, oil prices ( CL1:COM ), ( CO1:COM ) have remained relatively contained because markets are “living off the buffers,” according to Schieldrop. With approximately 12 to 15 million barrels per day lost from the Strait of Hormuz, the analyst explained that current pricing assumes “sufficient inventories to sustain this crisis until it’s solved.” However, he warned that once those inventories are drawn down to a critical level, prices could surge dramatically—two, three, or even five times normal levels. Schieldrop argued that Iran’s strategy is fundamentally about establishing deterrence after failing to respond forcefully to attacks last summer. By closing the Strait of Hormuz, Tehran aims to impose real economic and political consequences on the U.S. that would make future attacks “expensive and costly.” The analyst believes hardliners remain in control in Iran and need to demonstrate that their oil weapon is effective. Yet Schieldrop suggested that current prices are far from catastrophic for the U.S. administration. “Brent crude ( CO1:COM ) at $112 per barrel? Give him a break,” he said, comparing the current situation to the 2008 nominal peak of $148. He argued that if Iran cannot push oil prices above that historical high even while ...
Right now, Pokopia has everyone busy building houses and beautifying the world, but next month, we'll be making our pocket monster friends fight for sport in Pokémon Champions . Today, Nintendo and The Pokémon Company announced that Pokémon Champions is set to make its debut on the Nintendo Switch family of consoles on April 8th before the mobile phone version of the game releases some time later ...
Right now, Pokopia has everyone busy building houses and beautifying the world, but next month, we'll be making our pocket monster friends fight for sport in Pokémon Champions . Today, Nintendo and The Pokémon Company announced that Pokémon Champions is set to make its debut on the Nintendo Switch family of consoles on April 8th before the mobile phone version of the game releases some time later this year. People playing the game on the Nintendo Switch 2 will also receive a free update on April 8th that improves the game's graphical quality. In addition to the new launch date, Nintendo also dropped a new trailer that showcases new footage a … Read the full story at The Verge.
President called practice ‘mail-in cheating’ at Monday event after voting in Florida House race via mail US politics live – latest updates Sign up for the Breaking News US newsletter email Donald Trump has described voting by mail as “cheating” at an event in Memphis, Tennessee, just days after casting a mail‑in ballot himself. “Mail-in voting means mail-in cheating. I call it mail-in cheating, an...
President called practice ‘mail-in cheating’ at Monday event after voting in Florida House race via mail US politics live – latest updates Sign up for the Breaking News US newsletter email Donald Trump has described voting by mail as “cheating” at an event in Memphis, Tennessee, just days after casting a mail‑in ballot himself. “Mail-in voting means mail-in cheating. I call it mail-in cheating, and we got to do something about it all,” the US president said on Monday, in remarks to a roundtable on his administration’s crime taskforce. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images The Annual Meeting of Baker Hughes Company ( BKR ), not to be confused with the Annual General Meeting, brings together industry experts and policymakers, Baker Hughes suppliers, and customers in Florence, Italy, at the end of January each year. This year the theme was The Energy Equation: “the interdependence of industrial outcomes and energy sources th...
JHVEPhoto/iStock Editorial via Getty Images The Annual Meeting of Baker Hughes Company ( BKR ), not to be confused with the Annual General Meeting, brings together industry experts and policymakers, Baker Hughes suppliers, and customers in Florence, Italy, at the end of January each year. This year the theme was The Energy Equation: “the interdependence of industrial outcomes and energy sources that drives human progress and keeps the world in balance.” The sessions are worth watching if you have time. Mainly, it's a good reminder of the diversity of the products and services Baker Hughes offers. Participants include not just national oil companies and international oil companies, but major technology companies and players from across the alternative energy space as well as a multitude of industrial companies. Baker Hughes Company has a tier one traditional Oilfield Services & Equipment segment, which by itself should do well under the Trump Administration's Unleashing American Energy order (the U.S. Energy Dominance strategy). This, combined with a fast-growing and industry-leading Industrial & Energy Technology segment, which is very well placed in Gas technology equipment and services, is a key differentiator for Baker relative to its main competitors. This business is also vital to meet the world's growing electricity demand. Baker also has an innovation advantage thanks to its partnerships with C3 AI ( AI ), more on which later, and GE Vernova ( GEV ) - see here . Additionally, Baker's management promotes the culture of continuous improvement by applying the Lean, Six Sigma, and Kaizen methodologies. In terms of market cap, at about $62 billion, Baker is slightly below “Big Three” peer SLB ( SLB ) - at about $74 billion—but ahead of Halliburton ( HAL ) at about $31 billion. I recently covered SLB here, arguing the stock is cheap on long-term fundamentals. Because of Baker's Industrial & Energy Technology segment, Baker is growing faster. Between 2022 and 2025, ...
Optical and networking products related stocks climbed on Tuesday after Applied Optoelectronics ( AAOI ) disclosed on Monday an order from a major hyperscaler customer. Shares of Applied Optoelectronics surged about 9% on Tuesday. The company said on Monday that it received a new order from one of its major hyperscale customers for 800G single-mode data center transceivers to help expand its netwo...
Optical and networking products related stocks climbed on Tuesday after Applied Optoelectronics ( AAOI ) disclosed on Monday an order from a major hyperscaler customer. Shares of Applied Optoelectronics surged about 9% on Tuesday. The company said on Monday that it received a new order from one of its major hyperscale customers for 800G single-mode data center transceivers to help expand its network capacity for AI-driven workloads. Several other networking-related stocks were also in the green on Tuesday. Lumentum ( LITE ) soared around 7%, while Coherent ( COHR ) and Ciena ( CIEN ) each jumped nearly 5%. Celestica ( CLS ) climbed about 2%, while Cisco ( CSCO ) rose roughly 1%. However, some stocks seemed to buck the trend. Credo Technology ( CRDO ) slumped about 3%, while Arista Networks ( ANET ) fell around 2%. More on Applied Optoelectronics Applied Optoelectronics: The Future For Light Is Bright I Was Early On Applied Optoelectronics, Here's What's Next Buy Applied Optoelectronics, But Be Very Careful Applied Optoelectronics announces $53M order from hyperscaler for AI transceivers Lumentum, Coherent, Applied Optoelectronics surge on strong optical demand momentum tied to AI
Broadcom (NasdaqGS:AVGO) has secured a five year, $970 million blanket purchase agreement with the Defense Information Systems Agency covering software and infrastructure, including VMware Cloud Foundation. The deal increases Broadcom's exposure to US defense agencies and government cloud and security workloads. At the same time, Broadcom is dealing with capacity constraints at TSMC, its key manuf...
Broadcom (NasdaqGS:AVGO) has secured a five year, $970 million blanket purchase agreement with the Defense Information Systems Agency covering software and infrastructure, including VMware Cloud Foundation. The deal increases Broadcom's exposure to US defense agencies and government cloud and security workloads. At the same time, Broadcom is dealing with capacity constraints at TSMC, its key manufacturing partner, as AI chip demand strains available supply. The company is turning to longer...
Fortnite V-Bucks are offered for sale at a video game retailer on December 19, 2022 in Chicago, Illinois. Scott Olson | Getty Images Epic Games said on Tuesday it would lay off more than 1,000 employees as it cuts costs after a sharp fall in usage of its flagship game, Fortnite. Chief Executive Tim Sweeney told employees the company had been spending "significantly more than we're making" si...
Fortnite V-Bucks are offered for sale at a video game retailer on December 19, 2022 in Chicago, Illinois. Scott Olson | Getty Images Epic Games said on Tuesday it would lay off more than 1,000 employees as it cuts costs after a sharp fall in usage of its flagship game, Fortnite. Chief Executive Tim Sweeney told employees the company had been spending "significantly more than we're making" since usage of the game began to decline in 2025. He said the layoffs, along with more than $500 million in savings from cuts to contracting and marketing and from leaving roles unfilled, would reduce costs. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Prot Tachapanit/iStock via Getty Images Investment Thesis Enova International, Inc. ( ENVA ) is a high-quality online lender with a strong competitive position in the non-prime consumer (and small business lending) markets. The pending acquisition of Grasshopper Bank is compelling and will likely meaningfully lower Enova's cost of funds over time (among other positive things). However, at current ...
Prot Tachapanit/iStock via Getty Images Investment Thesis Enova International, Inc. ( ENVA ) is a high-quality online lender with a strong competitive position in the non-prime consumer (and small business lending) markets. The pending acquisition of Grasshopper Bank is compelling and will likely meaningfully lower Enova's cost of funds over time (among other positive things). However, at current valuations, trading above its historical P/B average with EPS estimates that depend on margin expansion, I believe it's too early. The risk/reward does not favor new investors. A softening consumer environment and execution risk around the Grasshopper close and integration lead me to rate shares a Hold. Relative Valuation & Optimistic Forecasting Shares of Enova have fallen just over 14% on the year , making now look like an attractive entry point. However, when I look at the valuation, Enova is trading at a forward P/E ratio of 8.5x, only slightly below the 2-year average of 8.6x. Data by YCharts Rather than assessing Enova's value using a forward-looking measure, I also looked at the P/B ratio relative to the historical average. Enova is currently trading at a P/B ratio of 2.5x, whereas the 3-year average is 1.8x. On a relative basis, these two metrics point me to thinking that Enova is trading somewhere between fair value and slightly above fair value. Data by YCharts Analysts are estimating 22.1% EPS growth in 2026, followed by EPS growth of 18.6% in 2027. At the same time, analysts are predicting 15.9% and 16% growth in revenue over the same two periods, implying that Enova will be able to significantly increase margins. The majority of the margin expansion is expected to come from the Grasshopper acquisition, as it's expected to lower Enova's cost of funds from 8.6% to 6.3%. While I agree that funding costs are a very important consideration, it's not the most material line item. As a proportion of gross revenue, marketing has remained stable in 2023, 2024, and 2025 a...