CNBC's Kate Rogers investigates how criminals were able to file billions of dollars in potentially fraudulent loans meant for small businesses affected by the coronavirus pandemic. CNBC found victims who had their identities stolen for gain under the EIDL and PPP last year.
Massachusetts regulators are seeking to revoke Robinhood's registration as a broker-dealer in the state. In a follow-up filling to an earlier complaint, they accuse the firm of continuing "a pattern of aggressively inducing and enticing trading among its customers." Robinhood has filed a complaint of its own against the regulators. CNBC's Jim Cramer and Carl Quintanilla discuss.
Morgan Stanley posted blockbuster results for the first quarter, but a single prime brokerage client cost the firm nearly $1 billion. The firm had a $644 million loss from a “credit event” for that client, as well as $267 million in related trading losses, the New York-based bank said Friday in first-quarter earnings results that handily exceeded analysts’ expectations for the quarter. CNBC's...
Walmart is investing in Cruise, General Motors’ majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding round for the company. CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss.
Dell has announced its plan to proceed with the spinoff of its 81% ownership of enterprise software maker VMware. The deal should close in the fourth quarter of 2021. Dell will receive $9.3 billion to $9.7 billion, which will position it well for investment grade ratings, the company said. CNBC's David Faber reports.
Delta Air Lines has been front and center regarding the backlash to legislation passed by Georgia Republicans that would restrict voting access. The company came out against the law following criticism of the bill from activist, customers and a coalition of Black executives. Delta CEO Ed Bastian joined "Squawk on the Street" to discuss his reaction to the law.
Delta Air Lines on Thursday reported another quarterly loss in the first quarter but said it expects to reach break even in June as travel demand rebounds from a deep pandemic slump. Delta CEO Ed Bastian spoke with CNBC's Phil LeBeau about the quarters, the airline's outlook for the rest of the year and more.
Delta Air Lines CEO Ed Bastian joined CNBC's Phil LeBeau to discuss the company's first-quarter earnings results and his outlook for the rest of the year. Bastian said he expects bookings to increase as more customers get vaccinated and workers return to the office.