A canceled flight, in many of us, inspires frustration and anger. And for billionaire Richard Branson, it’s no different. Only when the British entrepreneur was met with a cancelled flight in the early 80s, it inspired another response, too: A new business idea. Branson — already a successful businessman, having formed Virgin Records some years
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An Avengers fan holds tickets at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. Mike Blake | Reuters The 2019 U.S. box office is headed toward the second-best annual haul in cinematic history. As of Sunday, the movies released this year
A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different
General Motors’ CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill, on April 1, 2014 in Washington. Getty Images DETROIT — Mary Barra became one of America’s best-known executives when she took the helm as the first female CEO of General Motors in 2014. But the recognition quickly turned
A contractor guides a steel beam into place while working on the Korean Air Wilshire Grand hotel and office building in downtown Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images For some people, a bad day at work means missing a deadline or getting yelled at by your boss. For others, it means
The Food and Drug Administration‘s call on whether to approve Biogen‘s experimental Alzheimer’s drug, aducanumab, will be the “most important decision” the federal regulator will make in 2020, Bernstein analyst Ronny Gal said Friday. When asked if he thought the FDA would approve the drug, Gal said, “Yes.” “[But] you’ve got to be cautious about
The Mandalorian and the Child on Disney+’s “The Mandalorian.” Disney Season two of the beloved Disney+ Star Wars show “The Mandalorian” will be released in fall 2020, showrunner Jon Favreau said Friday. Favreau tweeted out the date along with a photo of a statuette of Gamorrean, a green-skinned pig-like species seen in the Star Wars
A display at a Michael’s store Source: Michael’s Michaels Companies is replacing its new CEO Mark Cosby after just over two months, hiring Walmart executive Ashley Buchanan to run the arts and crafts retailer as part of a leadership shuffle announced Friday. Buchanan will become the president and designated CEO starting on Jan. 6 while
Investors should take a look at a company’s fundamentals in order to decipher a “signal” from the “noise” in a particular stock’s moves in the market, CNBC’s Jim Cramer said. A signal means that the shares will keep running in the same direction. Noise, on the other hand, is just noise, which could be a
Donald Trump in Home Alone 2 Source: YouTube The Canadian Broadcasting Corp. said Thursday that a TV version of the Christmas movie “Home Alone 2: Lost in New York,” which erased a cameo from President Donald Trump, was edited years before Trump became president. The Trump-free version of the 1992 film, which aired on the
An Amazon Prime package Andrew Harrer | Bloomberg | Contributor Check out the companies making headlines in midday trading: Amazon — Shares of Amazon jumped over 3%, leading the gains in the S&P 500, after the e-commerce giant said this was its best holiday shopping season ever this year. Amazon said in a statement that
Senior Pentagon officials have told members of the Armed Forces to skip what may seem like the perfect holiday gift — an at-home DNA test. In a Dec. 20 memo obtained by NBC News, Under Secretary of Defense for Intelligence Joseph Kernan and James Stewart, acting Under Secretary of Defense for Personnel and Readiness, said
(L-R) Gamers ‘Ninja’ and ‘Marshmello’ pose together during the Epic Games Fortnite E3 Tournament at the Banc of California Stadium on June 12, 2018 in Los Angeles, California. Christian Petersen | Getty Images If you were a gamer about 10 years ago, you likely spent your time running to GameStop to pony up $60 for
Boeing‘s incoming CEO, David Calhoun, a 10-year board member, is inheriting a company in crisis, as the nation’s top exporter navigates the fallout from two crashes of its bestselling 737 Max planes. Analysts painted a picture of Calhoun as a logical choice to right the ship. Boeing ousted CEO Dennis Muilenburg, announcing Calhoun as his
Birk Ruud of Norway competes the Men’s Freeski Big Air finals during the 2019 Air+Style Beijing FIS SnowBoard World Cup on December 14, 2019 in Beijing, China. Lintao Zhang | Getty Images Two Chinese cities — namely Beijing and Zhangjiakou — witnessed a burst of activity in winter sports investment after China was named the
SAN FRANCISCO — It’s nearly two hours before game time, a Week 11 matchup against the Arizona Cardinals, and a San Francisco official is observing negative alerts from a concession stand but can’t figure out why. For Moon Javaid, the 49ers’ vice president of strategy and analytics, the alerts are “atypical” because it’s so early
A father and daughter play with a digital tablet at an Estée Lauder store in Shanghai. SOPA Images | LightRocket | Getty Images CNBC’s Technology Executive Council is dedicated to the digital transformation of companies and organizations across sectors of the economy. Michael Smith, chief information officer at The Estée Lauder Companies, recently provided CNBC
Tourists check the model of the Taipei 101, a 508-meter high commercial building, in Taipei on August 27, 2019. (Photo by Sam YEH / AFP) (Photo credit should read SAM YEH/AFP via Getty Images) SAM YEH TAIPEI — High office rentals in Taiwan look like they’re here to stay. The office space market in the
Boeing Co. 737 fuselage sections sit on the assembly floor at Spirit AeroSystems in Wichita, Kansas. Daniel Acker | Bloomberg | Getty Images Boeing said Monday that it told suppliers to halt shipments of 737 Max parts for a month starting in January, providing new visibility into how the worldwide grounding of the bestselling plane
Uber and Lyft drivers protest during a day-long strike outside Uber’s office in Saugus, Massachusetts, May 8, 2019. Brian Snyder | Reuters Freelancers, contractors and groups of independent business owners are going into overdrive in New Jersey to fight legislation on worker misclassification that they fear will devastate their businesses, in the wake of backlash