Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Southwest Airlines shares slipped Wednesday after the Dallas-based airline trimmed its revenue outlook for the quarter, citing a $60 million hit from the partial government shutdown.
In the March quarter, the carrier expects its revenue per available seat mile, a key industry metric of how much airlines are making for each seat they fly a mile, to increase 3 to 4 percent in the first quarter from the same period of 2018. The airline previously said it expected revenue to increase as much as 5 percent in the quarter.
The 35-day government shutdown, which ended late last month, stalled the launch of new jets and routes, including Southwest's long-awaited service to Hawaii.
It also meant lost revenue with government workers and contractors not traveling during the impasse.
Southwest last month estimated the shutdown cost it $10 million to $15 million in revenue in January.
"Since then, the company has continued to experience softness in passenger demand and bookings as a result of the government shutdown," Southwest said in a filing Wednesday, forecasting the $60 million hit. The amount is small considering its overall revenue. For example, in the fourth quarter, Southwest generated a record $5.7 billion. Analysts expect Southwest to post first-quarter revenue of $5.35 billion, according to FactSet.
The airline added that it has seen strong last-minute booking demand and fares so far in the first quarter.
Goldman Sachs downgraded the airline's stock on Wednesday to a sell rating from neutral, saying it would be too costly and that it would have to offer steep discounts to get travelers on board because of the launch's delay.