A Southwest Airlines aircraft parks at Gate B33 while its tail sticks into the sunlight at Boston Logan International Airport in Boston, MA, on December 22, 2025. Austin DeSisto | Nurphoto | Getty Images Southwest Airlines expects 2026 profits to at least quadruple, far exceeding analysts’ expectations, as the carrier overhauls its half-century-old business model…
Pakistan in March announced a new auto policy that favours potential new entrants over existing manufacturers. PHOTO: PAK SUZUKI LAHORE: Managing Director and Chief Executive Officer Pak Suzuki Motor Company Limited Hiroshi Kawamura said the company is looking forward to a new auto policy that encourages greater localisation of parts. “Suzuki continues assisting in the…
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. Many investment firms of ultra-rich families are keen to buy stakes in private companies directly rather than through private equity funds, which come…
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC DETROIT — General Motors is proving to be a star tightrope walker when it comes to balancing its profits,…
Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported an over threefold surge in fourth-quarter profits on Thursday, hitting a new record and beating analysts’ estimates, as a memory chip shortage and strong demand for artificial intelligence servers lifted earnings. Shares of…
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday that the online used car…
A Home Depot logo is displayed at one of their stores in San Diego, Nov. 8, 2025. Kevin Carter | Getty Images News | Getty Images Home Depot on Wednesday laid off 800 workers and said corporate employees will have to return to the office five days per week. In a message to employees, CEO…
Energy Minister Awais Ahmad Leghari. PHOTO: FILE ISLAMABAD: Federal Minister for Power Division Awais Ahmad Khan Leghari has taken notice of complaints regarding absence of crediting the net metering users’ units under instructions from the Power Planning and Monitoring Company (PPMC). Following the minister’s directives, PPMC promptly reviewed the instructions sent to all power distribution…
American Airlines projected Tuesday that its focus on premium will “begin delivering results in 2026” as the carrier races to catch up to its far more profitable rivals and capitalize on strong demand from high-spending customers. The Fort Worth, Texas-based airline projected it will deliver nearly $2 of improvement in adjusted earnings per share at…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan eased Rs1,500 on Tuesday, diverging from a powerful rally in international markets where bullion surged beyond the historic $5,000 per ounce threshold, driven by intensifying economic and geopolitical uncertainty and sustained safe-haven demand. In the domestic market,…