Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer, far outgaining the market. Cramer, himself an alum of Goldman Sachs‘ investment shop, said their … Read more

What early users of SpaceX’s Starlink satellite internet think about the service, speed and more

Elon Musk’s SpaceX rolled out its Starlink early access program to the public six months ago, with the satellite internet service growing to more than 10,000 users in the first few months. To get real-life first impressions of the service, CNBC spoke to more than 50 people who have been using Starlink. Those surveyed included … Read more

Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images Delta Air Lines on Thursday reported another quarterly loss but said it expects to reach break even in June as travel demand rebounds from a deep pandemic slump. Here’s … Read more

Maldives to offer holidaymakers vaccines on arrival in a push to revive tourism

Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister. The “3V” strategy, which encourages tourists to “visit, vaccinate, and vacation,” will provide a “more convenient” way to visit the country, Abdulla Mausoom told CNBC on Wednesday. … Read more

Dell jumps as it unveils VMware stock spinoff plan

Michael Dell, chairman and CEO of Dell at 2015 WEF in Davos, Switzerland. David A. Grogan | CNBC Dell shares rose as much as 9% in extended trading on Wednesday after the company announced its plan to proceed with the spinoff of its 81% ownership of enterprise software maker VMware. The deal should close in … Read more

Open middle seats could reduce Covid exposure of maskless air travelers, CDC study shows

View of the cabin of a Delta flight between Minneapolis and Baltimore on April 25, 2020. Sebastien Duval | AFP | Getty Images Keeping middle seats open on aircraft could reduce passengers’ exposure to the virus that causes Covid-19 by more than half, according to a new study published Wednesday. Researchers from the Centers for … Read more

SpaceX adds to previous equity round, pushing Elon Musk’s last raise total to nearly $1.2 billion

A Falcon 9 rocket launches the company’s 14th Starlink mission on Oct. 18, 2020. SpaceX Elon Musk’s SpaceX added more money to its most recent equity raise, according to a securities filing on Wednesday. SpaceX held a second close of about $314 million, adding to the $850 million that CNBC reported the company raised in … Read more

Kohl’s says it has reached an agreement with activists, plans to bring new members to board

Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s said Wednesday it has come to an agreement with the group of activist investors who have been pushing to seize control of the retailer’s board. This is breaking news. Please check back … Read more

Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill

An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine traffic from transiting through the vital global trade waterway, the state-run Al Ahram news outlet said on Tuesday. The hefty bill also includes maintenance fees … Read more

Senators push for reopening of international travel, lift of CDC’s sailing ban for cruise lines

People wait for their baggage in the terminal at Boston Logan International Airport in Boston. Erin Clark | Boston Globe | Getty Images A new Senate subcomittee on travel and tourism held its first hearing on Tuesday, and called for the U.S. government to enact specific steps to kickstart U.S. tourism after a devastating 2020. … Read more