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Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

Technology News

A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly […]

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption Read More »

Musk blasts Duffy after Artemis contract spat: He ‘is trying to kill NASA!’

Musk blasts Duffy after Artemis contract spat: He ‘is trying to kill NASA!’

Technology News

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters SpaceX and Tesla CEO Elon Musk criticized acting NASA Administrator Sean Duffy after he told media outlets this week that the billionaire’s space company is falling

Musk blasts Duffy after Artemis contract spat: He ‘is trying to kill NASA!’ Read More »

GM raises guidance after beating Wall Street expectations, lowering tariff costs

GM raises guidance after beating Wall Street expectations, lowering tariff costs

Business News

A General Motors Co. Chevrolet Silverado truck at a dealership in Upland, California, US, on Wednesday, Oct 15, 2025. Kyle Grillot | Bloomberg | Getty Images DETROIT — General Motors raised its 2025 financial guidance Tuesday after beating Wall Street’s top- and bottom-line earnings expectations for the third quarter, while lowering its expected impact from

GM raises guidance after beating Wall Street expectations, lowering tariff costs Read More »

Transportation Secretary Duffy says Musk’s SpaceX is behind on moon trip and he will reopen contracts

Transportation Secretary Duffy says Musk’s SpaceX is behind on moon trip and he will reopen contracts

Technology News

Transportation Secretary Sean Duffy said Monday that Elon Musk’s SpaceX is falling “behind” the U.S. timeline to return to the moon with Artemis and he will open the contract to other companies. “We’re not going to wait for one company,” Duffy, who is currently the acting NASA administrator, told CNBC’s “Squawk Box” on Monday. “We’re

Transportation Secretary Duffy says Musk’s SpaceX is behind on moon trip and he will reopen contracts Read More »

Cost and ‘chaos’ continue to test resiliency of U.S. auto industry  

Cost and ‘chaos’ continue to test resiliency of U.S. auto industry  

Business News

A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — “A lot of cost and a lot of chaos.” That’s how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions. All those factors created

Cost and ‘chaos’ continue to test resiliency of U.S. auto industry   Read More »

FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident

FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident

Business News

Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan | Via Reuters Boeing has won regulator approval to ramp up production of its best-selling 737 Max jetliners to 42 a month, a milestone for the manufacturer nearly two years after the Federal Aviation Administration capped

FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident Read More »

United Airlines CEO warns an extended shutdown will hurt bookings

United Airlines CEO warns an extended shutdown will hurt bookings

Business News

CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images United Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues. Despite the funding impasse, essential federal employees including Transportation Security

United Airlines CEO warns an extended shutdown will hurt bookings Read More »

Beta Technologies IPO could value electric air taxi maker at .2 billion

Beta Technologies IPO could value electric air taxi maker at $7.2 billion

Finance News

Aerospace manufacturer BETA Technologies’ electric aircraft, ALIA, is seen at John F. Kennedy Airport in New York City, U.S., June 3, 2025. It is the first Advanced Air Mobility flight into JFK Airport. Kylie Cooper | Reuters Beta Technologies updated the prospectus for its initial public offering on Wednesday, setting a price range that could

Beta Technologies IPO could value electric air taxi maker at $7.2 billion Read More »

United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short

United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short

Business News

A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines on Wednesday forecast higher-than-expected earnings for the fourth quarter after a rocky start to 2025. The carrier expects to Earn between $3 and $3.50 a share

United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short Read More »

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