A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing factory in Renton, Washington. Matt McKnight | Reuters Boeing‘s aircraft deliveries in October fell from a month earlier after an airframe failure in its best-selling 737 Maxes delayed the handover of new planes. Boeing … Read more
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
Climate activists protest against environmental pollution from aviation at Amsterdam’s Schiphol Airport in Schiphol, Netherlands November 5, 2022. Piroschka Van De Wouw | Reuters Hundreds of climate activists thronged a private jet section of Amsterdam’s Schiphol Airport on Saturday as part of a day of demonstrations in and around the airport. The activists stopped several … Read more
Elon Musk attends the 2022 Met Gala celebrating “In America: An Anthology of Fashion” at the Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Since Tesla CEO Elon Musk announced his bid to buy the social network Twitter, shares of his electric car … Read more
Shares of Carvana posted their worst day on record Friday after the company missed Wall Street’s top-line and bottom-line expectations for the third quarter as the outlook for used cars slumps from record demand, prices and profits during the coronavirus pandemic. The stock hit 39% to end the day at $8.76 per share. stock — … Read more
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 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
Engines undergo a final inspection at Stellantis’ Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Car manufacturer Stellar expects the inflationary cost of commodities to moderate next year after significant increases during the coronavirus pandemic, Chief Financial Officer Richard Palmer told investors on Thursday. The high cost of … Read more
Engines undergo a final inspection at Stellantis’ Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Car manufacturer Stellar expects the inflationary cost of commodities to moderate next year after significant increases during the coronavirus pandemic, Chief Financial Officer Richard Palmer told investors on Thursday. The high cost of … Read more
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