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Lucid reports record quarterly vehicle deliveries, meets production target

Lucid reports record quarterly vehicle deliveries, meets production target

Business News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. […]

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Comcast to launch Universal Ads in bid to win smaller advertisers over from tech

Comcast to launch Universal Ads in bid to win smaller advertisers over from tech

Business News

Jaque Silva | Nurphoto | Getty Images Comcast plans to launch a new advertising platform that will make it easier for smaller businesses to buy ad time — and, the company hopes, to beckon some advertisers away from social media and digital outlets and over to traditional TV’s streaming businesses. On Monday, Comcast announced the

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A year after Boeing’s door plug accident, the aircraft giant faces a steep road to recovery

A year after Boeing’s door plug accident, the aircraft giant faces a steep road to recovery

Business News

Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Via Reuters Boeing is embarking on another rebuilding year. A year ago, the company was thrust back into the spotlight for concerns over safety and quality when a fuselage panel that covered an unused emergency

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DraftKings tests a subscription service as it looks to offset high New York taxes

DraftKings tests a subscription service as it looks to offset high New York taxes

Business News

Sports betting company DraftKings’ logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images DraftKings is upping the ante. The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying customers a boost in odds. The $20 per month subscription service launched quietly on Dec. 28

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JetBlue fined million by DOT for ‘chronically delayed flights’

JetBlue fined $2 million by DOT for ‘chronically delayed flights’

Business News

JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013. Fred Prouser | Reuters The Department of Transportation fined JetBlue Airways $2 million for “chronically delayed flights,” the first penalty of its kind, the DOT said Friday. JetBlue operated four routes that were delayed

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Rivian meets its 2024 vehicle production target after lowering projections

Rivian meets its 2024 vehicle production target after lowering projections

Business News

Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California.  Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday said it produced 49,476 vehicles last year, including 12,727 trucks

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Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

Business News

CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report centers on Carvana’s practice of loan sales as well as the business relationship

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’ Read More »

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