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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 […]

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

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 »

Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last

Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last

Business News

The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Automakers such as Ford Motor, Hyundai Motor and Kia on Thursday reported significant year-over-year U.S. sales increases in April, as consumers rushed to purchase new vehicles ahead of potential price increases due to

Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last Read More »

Ford CEO says Trump’s tariff reprieve is helpful, but more changes needed

Ford CEO says Trump’s tariff reprieve is helpful, but more changes needed

Business News

Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025. Michael Wayland | CNBC LOUISVILLE, Kentucky – President Donald Trump’s reprieve for automotive parts tariffs is helpful, but more changes are still needed to assist automakers and grow the U.S. auto industry, Ford

Ford CEO says Trump’s tariff reprieve is helpful, but more changes needed Read More »

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