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Southwest Airlines Co. CEO Gary Kelly predicted that intense competition for passengers will create “a brutal low-fare environment” among carriers once coronavirus fears subside and more people start to fly. Even with capacity cuts, the number of available airline seats will still far outnumber customers in the near term, the chief executive officer said in […]
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Not since the tech bubble of the late 1990s has the S&P 500 been so dominated by a handful of richly valued glamour stocks—a cast that in those days starred the likes of Cisco, Lucent, and IBM. Today, the superhot names are the Fab Five: Microsoft (a stalwart in ’99 as well), Apple, Amazon, Google, […]
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Would you load up an RV and hit the road to avoid flying for a summer trip? If the answer is yes, you’re in good company. As the coronavirus crisis has battered the travel and hotel industries, many would-be summer vacationers are uneasy about flying, which means plenty of Americans will likely be hitting the […]
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Hugh Sandler used to commute two hours a day between Grand Central Station and his home in the New York City suburbs. Like thousands of other attorneys who logged long hours in Manhattan law firms, Sandler regarded coming into the office as an essential part of his job. Then came March, which marked the first […]
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Subscribe to How To Reopen, our weekly newsletter on what it takes to reboot business in the midst of a pandemic. When London went into lockdown in mid-March, the city’s famed Savile Row had a problem: you can’t make a bespoke suit over Zoom. The street in upscale West London, known for nearly two centuries […]
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A fourth prototype of SpaceX's next-generation Starship rocket exploded on Friday after a test at the company's development facility in Texas.
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"Sometimes it takes a decade to make a week of progress. Sometimes a week gives you a decade of progress," VMware CEO Pat Gelsinger told CNBC.
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The National Basketball Association has targeted July 31 as its date to resume games, a league source has confirmed to CNBC.
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Hundreds of people marched through the capital of Silicon Valley and temporarily shut down a five-lane section of highway Friday to protest the killing of an African American man by a white Minneapolis police officer.
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