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Former U.S. President Donald Trump in the East Room of the White House in Washington, D.C., on May 19, 2020.Kevin Dietsch | Bloomberg | Getty ImagesDonald Trump's new crypto project is off to a rough start.World Liberty Financial, which aspires to be a sort of crypto bank, launched its token sale on Tuesday, a day after project co-founder Zachary Folkman said "well over 100,000 people" are on the whitelist to invest.But WLF's website suffered regular and lengthy outages for much of the morning and early afternoon, contributing to a limited number of sales. Only about 4,300 unique walled addresses hold the token as of Tuesday afternoon, according to blockchain data tracked by Etherscan, representing roughly 4% of the total number of people who registered.The platform says it has sold more t...

A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024.Kevin Carter | Getty ImagesUnited Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong results for the last three months of the year.United expects to earn an adjusted $2.50 to $3.00 a share in the fourth quarter, compared to $2.00 a share a year earlier and the $2.68 analysts polled by LSEG estimated.Here is what United reported for the third quarter compared with what Wall Street expected, based on average estimates compiled by LSEG:Earnings per share: $3.33 adjusted vs. $3.17 expectedRevenue: $14.84 billion vs. $14.78 billion expectedThe sh...

The U.S. economy may not experience a "soft landing" after all. A soft landing occurs when economic growth slows just enough to bring down inflation below the Federal Reserve's 2% target without tipping the economy into a recession. Many on the Street expect this to be the case, as the central bank starts to lower interest rates. BNY Wealth's Alicia Levine has a more optimistic view. She thinks the economy is experiencing a no-landing scenario as it continues to expand without slowing down. "So far, clearly bank earnings are coming in better than expected, both top line and bottom line. Net interest income is better than expected. So, that is a good signal for the economy," the firm's head of investment strategy and equities told CNBC's " Squawk Box " on Tuesday. "The other thing that that...

As earnings season kicks into high gear, investors are keeping an especially close eye on the Magnificent Seven 's quarterly results. The group of mega-cap tech names — Apple , Microsoft , Alphabet , Nvidia , Tesla , Meta Platforms and Amazon — has been the powerhouse of the two-year bull market rally. The Roundhill Magnificent Seven ETF , for example, which tries to replicate their performance, is up about 42% this year versus 22% for the S & P 500. But the stocks have lately come under pressure as Wall Street questions if they have more room to run. The CNBC Magnificent 7 Index — which peaked more than three months ago, in early July — fell sharply during the early August selloff and is down 1.3% in October while the broader market has inched higher by more than 1%. Here's what analy...

A sign sits in front of a Walgreens store on November 10, 2023 in Wheeling, Illinois. Scott Olson | Getty ImagesWalgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street's expectations, as the company slashes costs in an attempt to steer itself out of a rough spot.The retail drugstore chain also said it plans to close roughly 1,200 stores over the next three years, which includes 500 in fiscal 2025 alone. The company said those closures will be "immediately accretive" to its adjusted earnings and free cash flow.Walgreens has around 8,700 locations in the U.S., a quarter of which it says are unprofitable. Those closures will give Walgreens a "healthier store base" and "will enable us to respond to shifts in consumer behavior and buying preferences,"...