A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter […]
FedEx shares jump after hours as massive cost-cutting measures kick in Read More »
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans
Rivian secures up to $5 billion from Volkswagen, shares soar 40% Read More »
A Cruise vehicle in San Francisco on Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO Read More »
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Waymo robotaxis are now open to all users in San Francisco, expanding the self-driving ride-hailing service, which has been available in the city to a limited number of riders. In a blog post
Waymo opens robotaxi service to all San Francisco users Read More »
The Tesla Cybertruck is unveiled at Tesla’s design studio on Nov. 21, 2019, in Hawthorne, Calif. Ringo H.W. Chiu | AP Tesla has issued two more recalls for its Cybertruck pickups in the U.S., as the automaker continues to face challenges with its newest electric vehicle about six months after beginning deliveries. The latest recalls
Tesla recalls Cybertruck to fix faulty windshield wipers, loose trim Read More »
Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Bitcoin advanced more than 3% on Tuesday to $61,741.78, according to Coin Metrics. The move coincided with a rebound in Nvidia and the Nasdaq Composite, both of which in
Bitcoin bounces above $61,000, Solana leads cryptocurrencies higher Read More »
Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history. Prices in April rose 6.3% compared with April 2023, according to the S&P CoreLogic Case-Shiller National
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session. Shares of chip firms in Europe and Asia were broadly in the red
Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile Read More »
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last
How Delta made itself America’s luxury airline — and what United wants to do about it Read More »
The bar at the Delta One lounge at New York’s John F. Kennedy International Airport. Leslie Josephs | CNBC Delta Air Lines’ most exclusive airport lounge opens this week to travelers flying on the right ticket. The Delta One lounge at the carrier’s hub at New York’s John F. Kennedy International Airport will open Wednesday
Delta’s most exclusive airport lounge opens. Here’s what’s inside Read More »
