Wheels Up CEO looks to transform private jet industry as company goes public via SPAC
Private jet company Wheels Up went public Wednesday via a SPAC merger, with its CEO now looking to transform the business's technology platform.
CNBC US News
Biden administration invites UN experts on racism to visit U.S. in bid to combat racial injustice
The Biden administration has invited United Nations experts on racism to visit the United States in an effort to address racial justice and equality.
Delta reports first profit since 2019 thanks to federal aid, improving revenue as travelers return
Delta's quarterly report came in better than Wall Street estimates as travelers returned and federal aid drove it to its first profit since 2019.
Facebook to pay creators $1 billion through 2022
Facebook plans to pay out $1 billion now through 2022 to users who create content for its Facebook and Instagram social networks, CEO Mark Zuckerberg announced.
Biden rallies Senate Democrats on spending goals after they reach $3.5 trillion budget deal
Biden's appearance at a caucus lunch came hours after the lawmakers announced they had reached an agreement on a multitrillion-dollar budget resolution.
Biden to begin evacuation of Afghans who helped U.S. military during war
The U.S. will begin evacuating Afghan nationals and their families who assisted U.S. and NATO forces during the war and who may face retribution by the Taliban.
The junk bond market is on fire this year as yields hit a record low
Yields in the $10.6 trillion space for the lowest-grade bonds in terms of quality are at historic lows after a tumultuous year.
Ex-Trump Treasury Secretary Steven Mnuchin's firm leads $275 million investment in Cybereason
Mnuchin's firm, Liberty Strategic Capital, is investing $200 million, while Neuberger Berman and SoftBank are investing $75 million.
Twitter to kill Fleets feature, its competitor to Facebook Stories
Twitter on Wednesday announced it will discontinue its Fleets feature next month.
10-year Treasury yield falls as Powell says taper of bond purchases still a ways off
U.S. Treasury yields ebbed lower on Wednesday morning, ahead of Federal Reserve Chairman Jerome Powell's testimony in front of Congress later in the day.
Oatly accused of overstating revenue and greenwashing by activist short Spruce Point
Activist short Spruce Point Capital Management has accused Oatly of shady accounting practices and misleading investors about its sustainability practices.
Schumer proposes federal legislation to decriminalize marijuana
The proposed Cannabis Administration and Opportunity Act would remove marijuana from the controlled substances list.
More than 150 companies call on Congress to strengthen Voting Rights Act
Amazon, Starbucks and Pepsi are among the companies that signed on to a letter calling on Congress to pass legislation that would expand the Voting Rights Act.
Investment in space companies hit record $4.5 billion in the second quarter, report says
Private investment in space companies hit $4.5 billion in the second quarter, according to a report by New York-based firm Space Capital.
Wholesale prices rose 7.3% in June from a year ago for a record surge
The producer price index, which measures what companies get for the goods they produce, increased 1% from May and jumped 7.3% on a year-over-year basis.
Facebook asks for FTC Chair Lina Khan to be recused from its antitrust case
Facebook's petition follows a similar move by Amazon.
Watch Fed Chair Powell speak live on policy and the economy before a House panel
These are America's 10 worst states for infrastructure
America's infrastructure, from roads to bridges, power and broadband internet, is in bad shape in many states. But the following states rank as the worst.
These are America's 10 best states for infrastructure
Many American states are falling apart, literally, with infrastructure in major need of upgrades. Not these 10 states, which are the most-solid in the nation.
American Airlines shares surge on carrier's better second-quarter forecast
American Airlines forecast it will report a "slight" pretax profit for the second quarter and better revenue than previously estimated, sending shares higher.
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