How the Chips Act Could Benefit Tech Stocks and Investors

How the Chips Act Could Benefit Tech Stocks and Investors

It’s been a tough year for tech stocks – but there could be reason to hope for long-term growth. Market volatility, supply chain issues and rising inflation have all contributed to the sell-off. Morningstar surveys also suggest that big tech companies could see a significant hit to third-quarter earnings as a strong dollar eats away … Read more

When will flying taxis leave the ground? The CEO of Boeing-Backed Wisk Aero has some ideas.

When will flying taxis leave the ground?  The CEO of Boeing-Backed Wisk Aero has some ideas.

There is a lot of buzz about flying taxis, even though no one is buzzing overhead. Investors are pouring capital into start-ups racing to develop new electric planes that take off and land vertically like a helicopter but fly horizontally like an airplane. Major airlines are investing in some of these start-ups, betting that they … Read more

Lyft is laying off about 700 workers in second round of job cuts

Lyft is laying off about 700 workers in second round of job cuts

Lyft Inc. LIFT -2.00% said it is cutting 13% of staff, or nearly 700 jobs, the latest tech company to say it needed to cut costs ahead of choppy economic conditions. Confirming an earlier report by The Wall Street Journal, Lyft co-founders John Zimmer and Logan Green announced the layoffs to staff Thursday. “There are … Read more

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply chain technology provider project44 has postponed plans for a possible public offering amid uncertainty in markets, and is instead turning to more venture capital investments to expand its company’s tracking of goods through global transportation networks. Chicago-based project44, one of a number of supply chain software startups that have drawn billions of dollars in … Read more

Pilots are also frustrated with airlines

Pilots are also frustrated with airlines

Contract negotiations between the major U.S. carriers and their pilot unions have become acrimonious in recent weeks, with pilots saying the summer disruptions have left them as frustrated as passengers. The airline’s employees have been responsible for picketing at airports for several months. The Board of Directors of the Allied Pilots Association, which represents pilots … Read more

Thousands Ask FAA to Fix Shrinking Airplane Seats

Thousands Ask FAA to Fix Shrinking Airplane Seats

The Federal Aviation Administration wanted to know if the public believed that seat sizes on airlines posed a potential safety problem. Many took the opportunity to complain about comfort. The FAA received more than 25,000 comments over a 90-day period that ended Tuesday. Some commentators accused airlines of discriminating against people who may not fit … Read more

American Airlines Pilot Union Leaders Reject Proposed Contract

American Airlines Pilot Union Leaders Reject Proposed Contract

Airline pilots seek pay increases and improvements in quality of life. Photo: Lucia Buricelli/Bloomberg News Leaders of the union representing pilots at American Airlines Group Inc. EEL -3.76% on Wednesday rejected a contract proposal that included wage increases of about 20% over a two-year period. The board of the Allied Pilots Association, which represents American’s … Read more

Maersk will handle the rough seas ahead

Maersk will handle the rough seas ahead

AP Møller-Maersk MAERSK.B -6.59% gets a sinking feeling about the economy. As the pandemic and stimulus-driven trade boom fades, the Danish shipping giant now faces more shocking waters: a looming global recession, an energy crisis in Europe and sour consumers. Shareholders know: The stock fell about 7% by early afternoon in Europe after the company … Read more

The weird-looking, fuel-efficient planes you could fly in a day

The weird-looking, fuel-efficient planes you could fly in a day

Modern airliner design dates from the 1950s: a metal tube and swept-back wings with jet engines slung underneath. They get you where you need to go and back. But after decades of research, something completely different could fly you on vacation in the late 2030s. Unconventional designs such as the “blended-wing” shapes now used on … Read more

Uber shares rise on gains in quarterly revenue, adjusted profit

Uber shares rise on gains in quarterly revenue, adjusted profit

Uber technologies Inc.’s UBER 11.97% shares soared after the company announced revenue and adjusted earnings gains for last quarter as its customers spent more on rides and food delivery. The ride-hailing company said on Tuesday that revenue for the three months to September rose 72% from a year earlier to $8.34 billion. Adjusted earnings — … Read more