White House Press Secretary Karoline Leavitt speaks during the daily press briefing in the Brady Press Briefing Room at the White House on Nov. 12, 2025 in Washington, DC.Key economic reports for October may not be released at all because of the government shutdown, a senior White House official said Wednesday.With the spending impasse appearing to be near an end, White House press secretary Karoline Leavitt told reporters that part of the fallout could be lasting damage to the government's data collection ...

Core Insights - Flight cancellations in the U.S. have decreased, with 811 departures canceled on Wednesday, representing 3.5% of the airlines' schedule, the lowest rate since the previous Thursday [2] - The ongoing federal government shutdown has significantly impacted air travel, with air traffic controllers working without pay, leading to staffing shortages and increased flight disruptions [2][7] - Major airlines, including Delta Air Lines, are experiencing financial impacts due to the shutdown, but it is not expected to eliminate profits entirely [4] Industry Impact - The shutdown, which began on October 1, has resulted in thousands of flight cancellations and delays, affecting the travel plans of approximately 5 million passengers [7] - Air traffic controller staffing levels have been critically low during the shutdown, prompting some controllers to seek additional employment to support themselves [7] - Transportation Secretary Sean Duffy indicated that air travel may not return to normal immediately after the shutdown ends, depending on the return of air traffic controllers to work [8] Market Reaction - U.S. airline shares saw a broad increase on Wednesday ahead of the House vote on the funding bill [6]

In this articleNOVO.B-DKLLYA view shows a Novo Nordisk sign outside its office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, on July 14, 2025.Tom Little | ReutersA version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.All eyes are on new pills for obesity – and a treatment from Novo Nordisk could be the first to reach patients. The 25-milligram oral version of the Danish ...

Core Viewpoint - Toyota Motor has initiated production at a new $13.9 billion battery plant in North Carolina and plans to invest up to $10 billion more in the U.S. over the next five years, marking a significant moment in the company's history [1][2]. Group 1: Investment and Production - The new battery plant is Toyota's first in-house facility outside of Japan, announced in December 2021 as part of the Biden administration's initiative to increase domestic battery production for electric and hybrid vehicles [2]. - The company has confirmed an increase in investment, although specific details were not disclosed, with the CEO describing it as a pivotal moment for Toyota [2]. - The announcement follows a statement from President Donald Trump regarding a $10 billion investment by Toyota in the U.S., indicating a potential alignment with governmental policies [3]. Group 2: Market Conditions and Sales Performance - Market conditions for electric vehicles (EVs) have deteriorated, while demand for hybrids has surged, benefiting Toyota, which holds over 51% market share in U.S. hybrid sales through Q3 of this year [3]. - Toyota's U.S. sales increased by 9.9% to over 1.3 million vehicles sold through the third quarter of this year, reflecting a positive sales trend amid changing market dynamics [4]. Group 3: Industry Challenges - The automotive industry, including Toyota, is facing challenges in production planning due to regulatory changes affecting EVs and tariffs imposed on new vehicles and parts [4].

Waymo robotaxis will now take passengers on freeways in three major U.S. cities, marking a major milestone for the driverless, ride-hailing company.Alphabet-owned Waymo on Wednesday said it will begin offering those types of trips in the San Francisco, Phoenix and Los Angeles markets "when a freeway route is meaningfully faster." The Google sister company will gradually extend freeway trips to more riders and locations over time.Although Waymo's driverless cars have previously taken passengers on smaller hi ...

Core Points - Atlanta Federal Reserve President Raphael Bostic will leave his position when his term expires on February 28, 2024, after serving since June 2017 [1][2] - Bostic is recognized as the first Black and openly gay regional president of the Federal Reserve [1] - His departure comes at a critical time for the Federal Reserve, as it prepares for a pivotal year regarding interest rate decisions [2] Group 1 - Bostic expressed pride in his accomplishments during his tenure, emphasizing the goal of creating an economy that works for everyone [2] - Regional presidents serve five-year terms, typically expiring in years ending in 1 or 6, which aligns with Bostic's upcoming departure [3] - The process of appointing new regional presidents may be complicated by unusual political dynamics on the Fed Board of Governors [3] Group 2 - Jerome Powell's term as Fed chair will expire in May 2024, while his governorship continues until 2028 [4] - Bostic has been characterized as a centrist and has shown caution regarding interest rate cuts amid high inflation and a softening labor market [4] - Until a successor is appointed, Cheryl Venable will assume the role of president at the Atlanta Fed [5]

Core Insights - Veteran investor Howard Marks warns of investor complacency and carelessness in the credit market, highlighting recent bankruptcies but refraining from labeling the situation as a systemic issue [1][2]. Group 1: Market Conditions - The recent bankruptcies of First Brands and Tricolor indicate potential issues within the credit market, but Marks does not see these as signs of a broader systemic problem [2]. - Marks emphasizes that defaults are a normal occurrence, suggesting that a few dozen defaults in a year should not be surprising [3]. Group 2: Investor Behavior - Rising markets often lead to increased risk tolerance and carelessness among investors, creating an environment conducive to potential wrongdoing [4]. - During market upswings, negative factors are often overlooked, while downturns tend to exaggerate negatives and downplay positives [5]. - Marks notes that good times foster complacency and aggressive bidding for assets, which can lead to failures in a challenging environment [6].

Core Insights - AMD's CEO Lisa Su expressed confidence in the tech industry's increased spending, stating that investing in computing will enhance innovation [1] - AMD's hyperscaler customers have significantly increased their spending over the past year, indicating a positive return on investment as technology reaches an "inflection point" [1] - Major tech companies have announced over $380 billion in AI spending, highlighting the industry's race to build infrastructure to meet growing demand [2] Company Performance - AMD anticipates a revenue growth of 35% annually over the next three to five years, driven by high demand for AI chips [2] - Following Su's comments, AMD's shares rose by more than 6% [2]

Group 1 - Coinbase is moving its state of incorporation from Delaware to Texas, following a similar move by Tesla [1] - The decision is influenced by recent unpredictable outcomes in the Delaware Chancery Court, which have raised concerns about the legal framework in Delaware [2] - Other notable companies, including Dropbox and TripAdvisor, have also announced their departures from Delaware, indicating a trend among businesses seeking more favorable legal environments [2] Group 2 - Elon Musk has publicly recommended that companies still incorporated in Delaware should consider relocating to other states [3]

Core Insights - Sweetgreen is facing significant challenges as its traffic and sales decline, resulting in millions of losses each quarter [1][2] - The company reported a 9.5% decrease in same-store sales and an 11.7% drop in foot traffic in the third quarter of this year [1] - Sweetgreen's share price has plummeted over 80% this year, indicating a loss of investor confidence [2] Company Performance - Sweetgreen has struggled to achieve profitability since its inception in 2007, despite revolutionizing the quick service industry with healthy food options [2] - Investors are increasingly nervous about Sweetgreen's performance, as it has underperformed compared to general market benchmarks [3] Strategic Initiatives - The company is focusing on automation, having acquired Spyce in 2021 to enhance its kitchen technology with robotic systems [3] - Currently, approximately 10% of Sweetgreen's stores are equipped with the automated "Infinite Kitchens" system, although the company has scaled back its initial goal of full automation [4]