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Air traffic control shortages add to U.S. flight delays

Air traffic control shortages add to U.S. flight delays

The Hollywood Burbank Airport air traffic control tower stands on October 6, 2025 in Burbank, California. The Federal Aviation Administration (FAA) stated the airport currently has no air traffic controllers in its tower amid the ongoing federal government shutdown. Incoming flights are being delayed for over two hours, with control duties currently being handled by […]

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Firefly Aerospace leaps 10% after buying defense tech firm for 5 million

Firefly Aerospace leaps 10% after buying defense tech firm for $855 million

Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace stock climbed 10% Monday premarket after the space company said it’s buying defense technology contractor SciTec for $855

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Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – Shares of the Detroit automakers closed higher Friday

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Tesla, GM lead record U.S. EV sales this year as federal incentives end

Tesla, GM lead record U.S. EV sales this year as federal incentives end

DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids,

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Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns

Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns

Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — “A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he

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Spirit Airlines touts ‘massive progress’ in bankruptcy

Spirit Airlines touts ‘massive progress’ in bankruptcy

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.  Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a

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Ford CEO expects EV sales to be cut in half after end of tax credits

Ford CEO expects EV sales to be cut in half after end of tax credits

James Farley, CEO, Ford speaks onstage during the Reindustrialize Conference 2025 on July 16, 2025 in Detroit, Michigan. Tasos Katopodis | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday. Farley on

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