Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne […]
Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025. Kamil Krzaczynski | Afp | Getty Images U.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown. The cuts were ordered as air
Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin Read More »
A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images Airlines rushed to provide travelers updates after the Federal Aviation Administration said Wednesday that it would reduce flights across 40
A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell more than 12% during morning trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down.
CarMax stock falls 12% as CEO steps down, used car retailer releases weak outlook Read More »
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 DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship
Lucid misses Wall Street expectations, narrows production guidance Read More »
Elon Musk, CEO of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on March 13, 2024. Krisztian Bocsi | Bloomberg | Getty Images Tesla sold just 750 electric vehicles in Germany for October 2025, less than half of what it sold a year ago, according to data out Wednesday from the country’s federal
Tesla sales in Germany have cratered from last year, data shows Read More »
The head of the air traffic controllers’ union said Wednesday that it could take the industry “weeks to recover” from the impacts of the government shutdown. Nick Daniels, president of the National Air Traffic Controllers Association, said on CNBC’s “Squawk Box” that the holiday season will be especially affected by the shortage of air traffic
Lyft customers can once again Earn miles toward their next flight. The ridesharing company on Wednesday said it’s partnering with United Airlines to offer MileagePlus points to riders who link their accounts, months after it ended an eight-year partnership with Delta Airlines. Once linked, riders can Earn one mile for every dollar spent on Standard
Lyft, United Airlines launch loyalty program months after Delta partnership ends Read More »
Fire and smoke mark where a UPS cargo plane crashed near Louisville Muhammad Ali International Airport on Nov. 4, 2025 in Louisville, Kentucky. Stephen Cohen | Getty Images A UPS plane crashed shortly after takeoff on Tuesday around 5:15 p.m. local time after departing from Louisville Muhammad Ali International Airport in Kentucky, the Federal Aviation
UPS plane crashes after taking off from Louisville airport Read More »
Rivian electric SUV parked outside brick showroom on a sunny day, San Francisco, California, August 19, 2025. Smith Collection/gado | Archive Photos | Getty Images DETROIT – Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported its second quarterly gross profit this year thanks to a joint venture with Volkswagen
Rivian beats Wall Street’s Q3 expectation, maintains guidance Read More »
