FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year. The company achieved its “structural cost reduction target, in the face of ongoing headwinds,” CEO Raj Subramaniam said in a media release. […]
Carnival shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance. According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analyst estimates of 24 cents, according to LSEG. Adjusted revenue came in at at record $6.3
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Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Uber and Alphabet’s Waymo are now offering robotaxi rides to the public in Atlanta, as the companies continue expansion of their partnership. The Waymo robotaxis available through the Uber app will cover approximately 65 square miles around Atlanta, but will not yet
Uber, Waymo robotaxi service opens to passengers in Atlanta Read More »
Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24. Courtesy: Flightradar24 Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict. At least six commercial aircraft turned around near
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A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. T Tim Goessman | Bloomberg | Getty Images Tesla‘s driverless robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up about 5% on Monday. The EV giant debuted autonomous rides in Austin, Texas, on
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Incoming Stellantis CEO Antonio Filosa, head of the company’s Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025. Stellantis DETROIT — “Mediocrity is not worth the trip.” That was part of incoming Stellantis CEO Antonio Filosa’s first public message after being named to lead the
New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’ Read More »
Tesla‘s long-overdue robotaxi is finally hitting the streets this weekend, but the rollout may face some roadblocks. The Elon Musk-led electric vehicle company is expected to roll out robotaxis in Austin, Texas, on June 22, with the first driverless trip from the factory to a customer house expected on his birthday, June 28. Musk shared
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Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California. Zoox Amazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more robotaxi production as it plans a commercial rollout of its fleet later this year.
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A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas. The production
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A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California. Kevin Carter | Getty Images JetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year unlikely. “We’re
