Transportation
U.S. threatens Mexican airline flights over cargo, competition issues
Landing of an Aeromexico La Laguna airline plane at Mexico City International Airport. Gerrardo Vieyra | NurPhoto | Getty Images The Trump administration said on Saturday it is taking a series of actions against Mexico over the Mexican government’s decisions to rescind some flight slots for U.S. carriers and force U.S. cargo carriers to relocate […]
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Why Delta and United are pulling away from the airline pack
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 […]
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Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund
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 […]
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First the shoes went back on. Now, at U.S. airport security, more liquid in carry-ons may be at hand
People wait in a security line operated by the Transportation Security Administration (TSA) at John F. Kennedy (JFK) Airport on May 24, 2016 in New York, New York. Spencer Platt | Getty Images Travelers giddy about being able to keep their shoes on while walking through TSA checkpoints at the airport again may have something […]
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Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
An autonomous robotaxi from Uber’s partnership with Lucid and autonomous vehicle startup, Nuro. Courtesy: Nick Twork | Lucid Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. As part of the partnership, the ride-hailing company is teaming up […]
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5 things to know before the stock market opens Thursday
Here are five key things investors need to know to start the trading day: 1. Mixed messages President Donald Trump on Wednesday denied the he plans to fire Federal Reserve Chair Jerome Powell following reports that he told Republican lawmakers that he would. A senior White House official told CNBC that Trump asked House Republicans […]
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Sweden’s Volvo Cars pops 10% on quarterly profit beat
Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose more than 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s Geely […]
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United Airlines issues new 2025 forecast as CEO says ‘world is less uncertain’
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines‘ second-quarter earnings beat estimates and its CEO said travel demand is picking upafter a rocky start to 2025. United expects to post adjusted earnings of between $9 and […]
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Renault shares plunge 16% after French carmaker lowers guidance, appoints new interim CEO
A Renault Espace E-Tech full Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland. John Keeble | Getty Images News | Getty Images Shares of French carmaker Renault plunged as much as 17% on Wednesday after the […]
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GM expands production of gas-powered SUV, trucks in Michigan
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of […]
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