OLE, which creates one-of-a-kind, luxury Super Bowl packages that include tickets, food, entertainment and even lodging to see the game, expects to make roughly $200 million in revenue off the weekend, according to company officials. Revenue climbsLast year, OLE generated roughly $175 million in revenue from Super Bowl LIII in Atlanta. In 2018, the company grossed more than $140 million from Super Bowl LII in Minnesota. Many ticket brokers sell Super Bowl tickets to fans weeks before they actual

The Mercedes-Benz Vision AVTR concept vehicle was unveiled on Jan. 7, 2020 at CES in Las Vegas. ScreenshotSony produced a car, Mercedes-Benz unveiled an out-of-this-world concept vehicle, and Uber teamed up with Hyundai to showcase their visions for a flying taxi. Mercedes-Benz Vision AVTRMercedes-Benz took inspiration from another world to design its most recent all-electric concept car, the Vision AVTR. Mercedes-Benz described the car as a “living creature” that can interact with passengers as

An employee drills holes for rivets in a frame inside a Boeing 737 fuselage during assembly at Spirit AeroSystems in Wichita, Kansas. A key Boeing 737 Max supplier said Friday that it is planning to cut about 2,800 jobs as the planes remain grounded far longer than expected and the financial impact ripples through the aerospace company’s supply chain. The 737 Max accounts for half of Spirit’s revenue. Spirit said it would also make smaller job cuts at two plants in Oklahoma. The job cuts come as

Greycroft’s Alan Patricof on why Tesla isn’t in a bubbleKevin Delaney of The New York Times and Alan Patricof of Greycroft join “Squawk Alley” to discuss Tesla’s success in the market.

There’s something bigger impacting the market: Josh BrownJosh Brown, Ritholtz Wealth Management, and Erin Browne, Pimco managing director, join ‘Fast Money Halftime Report’ to discuss the Dow hitting 29K and whether stocks are climbing too fast.

The revelation presents a fresh crisis for Boeing, which has been struggling to regain public trust after the fatal crashes. Boeing said the messages were “completely unacceptable” and “do not reflect the company we are and need to be.” Urban Outfitters — Urban Outfitters stock fell more than 5% Friday after the retailer announced its holiday sales results. Grubhub — Shares of Grubhub sank 6% after the food delivery company denied a Wall Street Journal report saying it was exploring a sale. L Br

Democratic presidential candidate, author Marianne Williamson addresses the audience at the Environmental Justice Presidential Candidate Forum at South Carolina State University on November 8, 2019 in Orangeburg, South Carolina. Author and self-help guru Marianne Williamson is suspending her 2020 presidential campaign, she told supporters in an email Friday. “As of today, therefore, I’m suspending my campaign,” Williamson said. The best-selling author entered the 2020 Democratic presidential pri

Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announced new sanctions Friday on Iran’s metal exports and eight senior Iranian officials. After the missile strikes, President Donald Trump said Wednesday that the U.S. will “immediately impose additional punishing economic sanctions on the Iranian regime.” The Iranian officials targeted for the new sanctions “have advanced the regime’s destabilizing objectives,” the Treasury Department said in a statement. “The United States

CNBC’s Jim Cramer said Friday that he feels like a “clown” for defending Boeing in the early days of the 737 Max scandal. Cramer expressed that regret one day after Thursday’s release of more than 100 pages of internal Boeing communications, in which company employees boasted about bullying regulators to approve the now-grounded 737 Max without requiring pilots to undergo simulator training. “I feel like a ‘clown’ and a ‘monkey’ defending everything. The messages Boeing released publicly Thursda

Six Flags received an exceedingly rare double black eye from the same analyst as the stock was downgraded twice in less than a day by Wells Fargo. When the closing bell rang on Thursday, Timothy Conder had an overweight rating and a $49 per share price target on the theme park stock. Later that night, Conder downgraded Six Flags to equal weight and cut the target price to $42, citing concerns about the company’s problem-plagued projects in China. Conder went back to the drawing board, slashing t

XFA’s Bill Looney is seeing more traders making bets that a monster market move is coming. Looney is making the observation from the market’s front lines, where he helps facilitate trades on behalf of large institutional clients. “The theme is the investors are positioned on the tail side of the market,” he told CNBC’s “Trading Nation” on Thursday. “There is some out-of-the-money puts being bought, deep out-of-the-money puts as well as deep out-of-the-money calls, because they’re positioning for

Gene Munster, a former top Wall Street tech analyst turned venture capitalist, says Apple’s stock has reason to trade 50% higher than its Friday price. “I want to try to quickly define what the right case [on Apple] would be,” Munster said on CNBC’s “Squawk Alley.” Munster, co-founder of research-driven venture capital firm Loup Ventures, thinks Apple will earn about $15 per share in fiscal 2020, which is on the higher end of Wall Street expectations. We cannot live without those other staples,”

One of the wealthiest Democratic megadonors has decided to remain uncommitted to any of the presidential candidates until after the pivotal primaries of Super Tuesday. The delegate-rich day is scheduled for March 3, with contests in 14 states, including his home state of California. Many of the candidates, including Biden, Sens. Bernie Sanders, Elizabeth Warren and former mayors Pete Buttigieg and Mike Bloomberg, have opened offices in various Super Tuesday states. The Saban family foundation ha

Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York. Privately held mattress maker Casper Sleep on Friday filed the regulatory paperwork to take the company public on the New York Stock Exchange under the ticker symbol “CSPR.” But the mattress market has exploded with new entrants, including Purple, Leesa, Nectar and Tuft & Needle. The explosion of competition is one reason Casper has pivoted to say it wants to be more than just a ma

Wage growth was expected at 3.1% year over year, but it came in at just 2.9%. Some economists had expected the report to beat those expectations. “On top of that, you also avoid overall inflation on the economy. There was also the expectation that wage growth would become a bigger factor, after nonsupervisory worker pay showed signs of picking up recently. We’re still in an environment of benign wage inflation.

Facebook now trades at an all-time high, Tesla recently reached a new high, and Netflix is up about 33% after hitting it’s 52-week low in September. In June, as Facebook’s stock fell amid the controversies, Needham predicted growing calls for regulation would be damaging. Investors, however, shrugged it off as the bull market reached for new highs and Facebook continued to grow. The tweet sent Tesla stock up more than 13% and allegedly violated securities laws. On Tesla, we think many investors

In a year that featured otherwise solid job growth, manufacturing stood out as one sector that lagged behind. It’s not that the jobs aren’t there: There were still 477,000 open positions as of October, down less than 5% from the year-ago level, according to the Labor Department’s most recent data. Instead, it’s more a case where the manufacturers themselves are having a harder time filling positions. “Until we have a better-trained, more-skilled workforce, which is not really out there, you’re g

David Drummond speaks during a meeting of the Advisory Council to Google on the Right to be Forgotten in Paris. Alphabet’s chief legal officer David Drummond is retiring from the company, according to a filing. Drummond’s departure means the company is losing one of its highest paid executives and veterans amid yet another sexual misconduct scandal. He served as chief legal officer and vice president of corporate development until 2015 when he became chief legal officer and SVP for parent compan

In its latest regulatory blow, Uber will end operations in Colombia on Jan. 31, CNBC confirmed Friday. Uber appealed the ruling, according to Reuters, though it did not ban its other divisions, like its delivery service Uber Eats. Uber called the Colombian regulator’s decision “arbitrary,” in a statement on its end to operations translated from Spanish. Uber also continues to face regulation at home, most recently with California’s new gig economy law known as Assembly Bill 5. WATCH: Uber just c

WASHINGTON — House Speaker Nancy Pelosi said Friday that she will send articles of impeachment against President Donald Trump to the Senate next week. “I have asked Judiciary Committee Chairman Jerry Nadler to be prepared to bring to the Floor next week a resolution to appoint managers and transmit articles of impeachment to the Senate,” Pelosi wrote to House colleagues. Impeachment managers are House members who essentially act as prosecutors in a Senate trial of the president. Friday’s letter