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Foreign automaker stocks slide on Trump tariff fears

Foreign automaker stocks slide on Trump tariff fears

Business News

Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024.  Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will […]

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What Trump’s election to White House could mean for EVs

What Trump’s election to White House could mean for EVs

Business News

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 – President-elect Donald Trump’s victory over Vice President Kamala

What Trump’s election to White House could mean for EVs Read More »

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning

Business News

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.  David Ryder | Reuters Boeing‘s more than

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning Read More »

Singapore Airlines will add first class, revamp cabins for longest flights

Singapore Airlines will add first class, revamp cabins for longest flights

Business News

Singapore Airlines new business-class seats. Courtesy: Singapore Airlines Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours. The carrier will add the new seats to seven Airbus A350-900 URLs, or ultra-long-range

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Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

Business News

A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network Read More »

Apple commits .5 billion to Globalstar for expanded iPhone satellite services

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services

Business News

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services Read More »

Boeing union backs sweetened contract offer that could end strike, sets vote for Monday

Boeing union backs sweetened contract offer that could end strike, sets vote for Monday

Business News

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.  David Ryder | Reuters Boeing and its

Boeing union backs sweetened contract offer that could end strike, sets vote for Monday Read More »

Ford to halt production of electric F-150 Lightning next month until 2025

Ford to halt production of electric F-150 Lightning next month until 2025

Business News

Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks. The

Ford to halt production of electric F-150 Lightning next month until 2025 Read More »

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations

Business News

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs. 25

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations Read More »

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