Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan Howard Nathan Howard | Reuters President Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government. “Everyone […]
Trump says he won’t ‘destroy’ Musk’s companies by taking away subsidies Read More »
Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks. Shares fell roughly 9% on Thursday morning. The airline also announced a new $2 billion share buyback. Here’s how Southwest performed in the second quarter compared with Wall
Southwest profit drops, but airline says travel demand has stabilized Read More »
American Airlines shares slumped Thursday after the carrier’s third-quarter profit forecast fell short of Wall Street’s expectations and it reinstated its 2025 financial forecast well below its outlook at the start of the year. CEO Robert Isom told CNBC’s “Squawk Box” that the results are driven by consumer weakness, flat corporate travel demand that continued
American Airlines scales back 2025 profit outlook as third-quarter forecast falls short Read More »
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Tesla shares fell 6% in premarket trading on Thursday after the company reported a second straight quarter of declining automotive sales. Elon
Tesla shares drop 6% in premarket trading after auto sales plunge again Read More »
Nisian Hughes | Getty Images Uber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform. The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides,
General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump’s auto tariffs. Shares of the company fell about 3% in premarket trading. While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025. Kevin Carter | Getty Images News | Getty Images Southwest Airlines passengers will fly in assigned seats for the first time on Jan. 27, the carrier told CNBC. Customers can start
Southwest Airlines sets a date for seat assignment launch, lays out new boarding order Read More »
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images An investment group led by LVMH’s private equity arm is buying 20% of private jet company FlexJet, marking the latest push by the luxury industry
LVMH-backed investor group takes 20% stake in private jet company FlexJet Read More »
A Delta Air Lines plane takes off at Reagan National Airport in Arlington, Virginia, on Dec. 24, 2021. Eric Lee | Bloomberg | Getty Images For United Airlines CEO Scott Kirby, there’s his airline, his carrier’s main rival, Delta Air Lines, and then everyone else. Delta and United accounted for more than 86% of the
Why Delta and United are pulling away from the airline pack Read More »
Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks
