By Miguel Mike Medina Photo: NBC News On Christmas Eve, American Airlines experienced a “technical issue” that caused travel disruptions and impacted holiday plans for many travelers around the United States. American Airlines posted a tweet on X: “We’re currently experiencing a technical issue with all American Airlines flights. Your safety is our utmost priority;…
By Miguel Mike Medina Photo: Detroit Free Press The Japanese automobile maker made it official. Nissan and Honda are officially merging, which could be a significant game changer for the industry. According to npr.com, “The emergence of Chinese automakers such as BYD and Nio has eroded the market share of global automakers such as Honda,…
By Miguel Mike Medina CFPB Suing Major Banks The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against major banks JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC), along with Zelle’s operator Early Warning Services. The bureau alleges that these financial institutions failed to protect consumers from fraud adequately. Zelle was…
By Miguel Mike Medina Photo: Grammarly Grammarly announced on Tuesday that it is acquiring a productivity startup called CODA. CODA’s CEO and co-founder, Shishir Mehrotra, will also become Grammarly’s new CEO. Although the acquisition is great for Grammarly, they must still compete with Apple and other big tech companies. The CEO is confident the company…
By Miguel Mike Medina Photo: Evan Vucci/AP President-elect Donald Trump announced that SoftBank CEO Masayoshi Son would invest $100 billion in the United States, creating 100,000 American jobs at a minimum. It seems like Deja Vu. Trump made his announcement at the media conference at his Palm Beach home. “One of the beautiful things about…
By Miguel Mike Medina Photo: Mahmoud Khaled/Getty Images The FIFA World Cup will be held in Saudi Arabia in 2034, according to an announcement made on Wednesday. https://twitter.com/FabrizioRomano/status/1866872696899834200 The World Cup is the world’s largest sporting event. The decision is controversial and drew plenty of criticism from human rights groups. Saudi Arabia was the only…
By Miguel Mike Medina Photo: Getty Images Bruin Capital founder and CEO George Pyne launches a new global soccer agency, As1. Pyne interviewed with CNBC about his brand and its offerings. “We’ve seen a lot of institutional capital come into the agency space,” Pyne said. “EQT invested in UTA, and they’ve made a big investment…
By Miguel Mike Medina Photo: David Paul Morris | Bloomberg | Getty Images Nvidia’s Monday performance was less than satisfactory. The chipmaker’s shares slipped after a Chinese regulator said it was investigating the company. The State Administrator for Market Regulation said it is investigating Nvidia over its 2020 acquisition of Mellanox Technologies. Regulators in China…
By Miguel Mike Medina Photo: AaronP / Bauer-Griffin / GC Images / Getty Images https://twitter.com/CNBC/status/1865064738306089367 “The CFPB is suing Comerica Bank for illegally harming disabled and older Americans who count on Social Security and other federal benefits,” CFPB Director Rohit Chopra said in a release. The lawsuit claims Comerica Bank “intentionally terminated” more than 24…
By Miguel Mike Medina Photo: Gary Hershorn | Getty Images Salesforce and Artificial Intelligence are off to a solid start. Salesforce shares jump 12 percent after a strong earnings quarter. Dan Ives, Wedbush global head of technology research, joined CNBC’s Closing Bell: Overtime’ to discuss Salesforce after the financial company reported earnings. “A Goldilocks quarter…
