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American Airlines and United Airlines airplanes at the Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023.Aristide Economopoulos | Bloomberg | Getty ImagesUnited Airlines CEO Scott Kirby reportedly floated the idea of a potential tie-up with rival American Airlines to the Trump administration earlier this year, a suggestion that if acted upon, would create the world’s largest airline.While the Trump administration has appeared more open to mega deals than its predecessors, such a merger would face heavy regulatory scrutiny with the top four airlines (those two carriers, plus Delta Air Lines…

Disney CEO Josh D’Amaro just told employees that the Mouse House is laying off staffers less than a month into his tenure. Loading audio narration… The cuts come after Disney unified its enterprise marketing and brand teams earlier this year, D’Amaro said in a Tuesday morning memo obtained by Business Insider.”Those that will be leaving us have done meaningful work here and care deeply about this company,” D’Amaro said in the memo. “These decisions are not a reflection of their contributions, or of the overall strength of the company.”To that point, D’Amaro expressed confidence in Disney’s trajectory: “Despite these difficult…

The next Fed chair may be one of the wealthiest men to ever hold the job. Loading audio narration… Kevin Warsh, a financier and bank executive nominated by President Donald Trump to be Chairman of the Federal Reserve, is worth well over $100 million, according to a financial disclosure made public on Tuesday.That would make him significantly wealthier than current chair Jerome Powell, who has previously been considered the wealthiest Fed chair since the 1940s.The disclosures show that Warsh has earned $13.1 million in consulting fees from various investment firms since the beginning of 2025, including $10.2 million alone from…

As several Wall Street banks reported first-quarter earnings on Tuesday, executives had to answer for their exposure to the private credit market, which has been under a microscope recently. Loading audio narration… CFO Jeremy Barnum estimated the bank’s exposure to private credit funds was $50 billion.”We’re broadly comfortable with it,” Barnum said on a call with analysts. He explained that the $50 billion is part of approximately $160 billion worth of broader exposure to non-bank financial institutions. The private credit market has been under heightened scrutiny for the quality of its loans and for exposure to companies that could be…

Growing up, I expected to live the fast-paced life of a performer. Loading audio narration… I’m a Jersey girl with a New York City spirit. As a kid, my backyard was the Hudson City Skyline, and my dreams were set on being a principal actor on Broadway.Most of my childhood weekends were spent in the boroughs of New York City. From family trips to Queens Village to walks in Prospect Park, I learned to navigate the subways and buses at a younger age than most people, and I relished the speed of life.In college, I frequently took NJ Transit to…

Mark Zuckerberg has a new perspective on the AI race — literally. Loading audio narration… The Meta CEO now has a desk among the company’s AI researchers that gives him a front-row seat to the company’s overhaul of its AI efforts. He’s also coding again.”Mark has actually moved his desk and is seated in the AI lab with Alex Wang and Nat Friedman, and he’s coding all day long,” Meta President Dina Powell McCormick said during an appearance at Semafor’s World Economy Summit in Washington, D.C.McCormick joked that, “On the one hand, they are sort of like, ‘Oh great, more…

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Fears of rising defaults and a systemic crisis from private credit don’t reflect the underlying fundamentals of private loan portfolios and returns, according to Blackstone’s head of private wealth.A wave of redemptions is causing fresh concerns about the risks of private credit, with Ares Management, Apollo Global Management and others capping investor withdrawals from their funds last month. Joan Solotar, global head…

Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026.Danielle DeVries | CNBCLucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive. Silvio Napoli, who spent nearly 31 years at Schindler, is set to become the all-electric vehicle maker’s second CEO following the abrupt departure of Lucid founder Peter Rawlinson in February 2025.Interim CEO Marc Winterhoff will remain with the company as its chief operating officer once Napoli takes the reins, according to Lucid. A company spokesman said Napoli is…

McKinsey advises some of the biggest companies in the world, and Kurt Strovink consults with their leaders. Loading audio narration… Strovink, a senior partner who has been at McKinsey for 30 years, leads the firm’s global CEO services, which helps support top executives through all aspects of the job, from setting company direction to working with the board.He told Business Insider in February that it’s one of the hardest times to be a CEO, in part because the number of critical issues on the management agenda has risen.”They’ve always had to separate the critical few from the important many,” Strovink…

Jane Fraser, CEO of CitiGroup, speaking at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBCCitigroup beat on the top and bottom lines during the first quarter.Here’s what the firm reported on Tuesday, compared with Wall Street estimates compiled by LSEG:Earnings per share: $3.06 vs. $2.65 estimateRevenue: $24.63 billion vs. $23.55 billion estimateThose results marked the firm’s best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. Citigroup’s return on tangible common equity, a measure of profitability, came in at 13.1%, the highest since 2021 and above the firm’s goal of between…