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Lyft shares pop 20% after buyback; CEO says there are no signs of worry in the consumer

Lyft shares pop 20% after buyback; CEO says there are no signs of worry in the consumer

Finance News

Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025. Kylie Cooper | Reuters Lyft shares climbed 20% Friday after the ride-sharing company upped its share buyback plan and posted better-than-expected gross bookings. During an interview with CNBC’s “Squawk Box,” CEO David Risher said that Lyft isn’t seeing “anything […]

Lyft shares pop 20% after buyback; CEO says there are no signs of worry in the consumer Read More »

Carvana’s record quarterly results top Wall Street expectations

Carvana’s record quarterly results top Wall Street expectations

Business News

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie

Carvana’s record quarterly results top Wall Street expectations Read More »

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Business News

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs Read More »

Uber misses revenue expectations with trips up 18% over last year

Uber misses revenue expectations with trips up 18% over last year

Finance News

Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | Reuters Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report. Here’s how Uber did versus

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Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Business News

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump’s tariffs, but the company is also reconfirming its earnings expectations for the year.

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures Read More »

Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown

Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown

Business News

People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays

Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown Read More »

Ford suspends 2025 guidance amid .5 billion tariff impact

Ford suspends 2025 guidance amid $2.5 billion tariff impact

Business News

The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT – Ford Motor beat Wall Street’s first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from President Donald Trump’s tariffs. The Detroit automaker said it expects to offset

Ford suspends 2025 guidance amid $2.5 billion tariff impact Read More »

Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand

Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand

Business News

The “Saarinen Lobby” inside General Motors’ global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan. GM WARREN, Mich. — Walking into General Motors’ global design headquarters is like taking a step back in time. Much of the midcentury-modern architecture and designs have remained untouched since the space opened in

Inside GM’s decade-long battle to revive Cadillac as the quintessential American luxury car brand Read More »

Newark flight disruptions pile up as United Airlines blames FAA staffing, technology

Newark flight disruptions pile up as United Airlines blames FAA staffing, technology

Business News

United Airlines airplanes proceed to a runway at Newark Liberty International Airport on Feb. 20, 2025, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty Images United Airlines passengers faced hourslong delays again Friday as air traffic controller staffing issues disrupted more flights at the carrier’s hub at Newark Liberty International Airport in

Newark flight disruptions pile up as United Airlines blames FAA staffing, technology Read More »

L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays

L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays

Business News

First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan. 20, 2025. Patrick T. Fallon | AFP | Getty Images The

L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays Read More »

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