Breaking News: Markets

A young man holds a credit card and uses a laptop for online shopping.Diy13 | Istock | Getty ImagesAmericans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm Chief Financial Officer Michael Linford.The fintech firm uses the hour a consumer attempts a transaction as a key data point to help determine whether to approve loans, Linford told CNBC in a recent interview. Other factors include a user's repayment history with Affirm and transaction…

NEW YORK, NEW YORK - MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images)Steven Ferdman | Getty Images Entertainment | Getty ImagesWells Fargo said Thursday one of its primary regulators has lifted a key penalty tied to its 2016 fake accounts scandal.The bank said in a release that the Office of the Comptroller of the Currency terminated a consent order that…

(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at the so-called "Detroit Three" automakers hampered production in the group's North American profit epicenter.Adjusted operating income (AOI) came in at 10.2 billion euros ($10.96 billion) for…

The logo of car manufacturer Ford is pictured in Inwood, New York, on February 5, 2024. Charly Triballeau | AFP | Getty ImagesLONDON — Ford was warned on Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer from the U.S. automotive giant.Unite, one of the U.K.'s largest trade unions, said although offers put forward by Ford for salaried staff and managers had been rejected by more than 90% among both sets of workers, the company had so…

CHICAGO, ILLINOIS - JANUARY 24: American Airlines workers picket at O'Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants (APFA), were picketing to demand better working conditions as their contract negotiations continue. (Photo by Scott Olson/Getty Images)Scott Olson | Getty Images News | Getty ImagesAirline pilots won pay raises worth billions of dollars in new labor deals last year. Flight attendants are now…

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019.Lindsey Wasson | ReutersBoeing's aircraft orders and deliveries fell in January as the company grappled with the fallout from a midflight blowout of a fuselage panel on one of its 737 Max 9s, an accident that overshadowed the manufacturer's strong finish in 2023.The company handed over 27 planes last month, its lowest tally since September, compared with 67 deliveries in December. It sold…

A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International reported quarterly earnings and revenue that beat analysts' expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales.Shares of the company were unchanged in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as…

Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.Justin Sullivan | Getty ImagesCoca-Cola is expected to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 49 cents expectedRevenue: $10.68 billion expectedInvestors are expecting another strong quarter from Coke. Like many other food and beverage companies, Coke has seen demand for its products drop after it raised…

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on Sept. 13, 2016.Heidi Gutman | CNBCActivist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading.Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had plans to continue discussions with the company "regarding the possibility of board representation,"…

A JetBlue Airways plane prepares to depart New York's LaGuardia Airport.Leslie Josephs/CNBCIn the 24 years since JetBlue Airways' first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it's trying to get back to basics.JetBlue was a pioneer in seat-back entertainment, free Wi-Fi, good snacks and a business-class cabin with lie-flat seats that debuted at lower prices than rivals'. More recently, it's ventured across the Atlantic…