Business - viralpique.com

Bankruptcy court approves lifeline financing

0 CommentsBusiness

A Spirit Airlines flight arrives at Arnold Palmer Regional Airport in Westmoreland County, Pennsylvania, U.S., September 18, 2025. Quinn Glabicki | ReutersSpirit Airlines won approval for a $475 million lifeline and a $150 million payment from its biggest aircraft lessor in court on Friday, as the struggling budget airline races to stabilize itself after its second bankruptcy since November. U.S. Bankruptcy Court for the Southern District of New York approved the $475 million in debtor-in-possession financing, a lifeline that bankrupt companies can use to continue operating, along with $150 million from AerCap and the rejection of 27 airplane leases. Spirit…

Airlines tell passengers to prepare for delays

0 CommentsBusiness

The Hollywood Burbank Airport air traffic control tower stands in Burbank, California, on Oct. 6, 2025.Mario Tama | Getty ImagesTravelers should prepare for potential flight disruptions this holiday weekend as the government shutdown continues, a group representing the largest U.S. airlines said Friday.Air traffic controller shortages this week delayed flights at some U.S. airports, including in Burbank, California, and Nashville, Tennessee. "It is safe to fly, but ATC staffing shortages strain the system and cause flights to be spaced out, slowing down everything. In some cases, flights may be delayed or even cancelled," said Airlines for America, whose members include…

NBA Macao games kickstart renewed growth in China

0 CommentsBusiness

MACAO — The National Basketball Association returns to China for the first of two Macao games on Friday, and the impact extends beyond the preseason.The weekend marks a major milestone for the NBA, as years of rebuilding its relationship with its second-largest market culminate with the Phoenix Suns and Brooklyn Nets facing off in the Venetian Arena here. For the NBA, it could mean unlocking future growth in China as television viewership declines in the U.S.The NBA's return to China comes after a six-year hiatus following 2019 comments by Daryl Morey, then-Houston Rockets general manager, voicing support for Hong Kong…

Morgan Stanley drops crypto fund restrictions for wealth clients

0 CommentsBusiness

Morgan Stanley's office in Canary Wharf financial district on Jan. 30, 2025 in London, UK.Mike Kemp | In Pictures | Getty ImagesMorgan Stanley on Friday told its financial advisors that the firm was broadening access to crypto investments to all clients and allowing such investments in any type of account, including retirement accounts, CNBC has learned.Starting Oct. 15, advisors will be able to pitch crypto funds to any client. Previously, the option was limited to those with an aggressive risk tolerance and at least $1.5 million in assets who wanted crypto in a taxable brokerage account. The move marks the…

How crypto millionaires spend their fortunes

0 CommentsBusiness

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The price surge in bitcoin helped created another 70,000 new crypto millionaires over the past year, adding hundreds of billions of dollars in potential spending to the economy, according to new studies.There are now an estimated 241,700 individuals with crypto holdings worth $1 million or more, up 40% from last year, according to Henley & Partners and New World Wealth. There are 450 crypto centimillionaires, or those with crypto…

Delta Air Lines (DAL) Q3 2025 earnings

0 CommentsBusiness

Delta Air Lines Flight Museum in Atlanta, Ga.Leslie Josephs/CNBCDelta Air Lines forecast a better-than-expected end to 2025 and a strong start to next year thanks to rising airfares and resilient luxury travel demand.The airline on Thursday projected adjusted earnings of between $1.60 and $1.90 a share for the fourth quarter, compared with the $1.65 per share analysts polled by LSEG were expecting. Revenue in the last three months of the year will grow as much as 4%, Delta said, above the 1.7% Wall Street expects."Looking to 2026, Delta is well positioned to deliver top-line growth, margin expansion and earnings improvement…

Macao becomes more than a gambling destination. Casinos win anyway

0 CommentsBusiness

MACAO — If you blindfolded an American tourist and plopped them on the Cotai Strip in Macao, they might take one look at the Venetian hotel and the replica Eiffel Tower and assume they were in Las Vegas.Like Las Vegas, Macao — a special administrative region of China — is transforming itself with fresh entertainment, waterparks, spas, fine dining and sports.This week Las Vegas Sands is hosting two NBA games in Macao, a return for the basketball league after a six-year absence from China. The company's president and chief operating officer, Patrick Dumont, owns the NBA's Dallas Mavericks and was…

Candy maker Ferrero announces Super Bowl ad, World Cup promotions

0 CommentsBusiness

Ferrero North America is planning to spend more than $100 million on marketing campaigns tied to the Super Bowl and World Cup next year.The sports push comes as the confectioner's parent company drives further into the United States through acquisitions and investments in domestic production. Ferrero, which was founded in Italy but is now based in Luxembourg, entered North America nearly a half century ago, but the company only really started investing in the market over the past decade.In July, Ferrero bought cereal maker WK Kellogg for $3.1 billion, the latest in a deal spree that included snapping up Nestle's…

Levi Strauss (LEVI) Q3 2025 earnings

0 CommentsBusiness

Levi Strauss's profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results. During the quarter, Levi's gross margin grew 1.1 percentage points to 61.7%, up from 60.6% in the year-ago period and better than the 60.7% analysts had expected, according to StreetAccount. In an interview with CNBC, CEO Michelle Gass said the company has started to raise the price of some of its jeans and clothes and will hike more prices in the U.S. and other markets…

Delta premium travel set to overtake coach cabin sales next year

0 CommentsBusiness

A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022.AaronP | Bauer-Griffin | GC Images | Getty ImagesDelta Air Lines customers are getting used to first class.Revenue from the pricier, roomier seats toward the front of the plane could eclipse sales from standard coach seats for at least a quarter or two next year, Delta executives said Thursday.In the last quarter, Delta said ticket revenue from its premium cabin rose 9% from last year to nearly $5.8 billion, while main-cabin ticket revenue fell 4% from a year earlier to just over $6 billion.CEO Ed Bastian…