Transportation
Joby Aviation stock pops 14% after delivering first flying taxi to UAE
An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Joby Aviation stock soared about 14% as the flying air taxi maker got closer to launching a service in the United Arab Emirates. The electric vertical takeoff and landing, […]
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We checked out Tesla’s supervised, invite-only robotaxi launch. Here’s what we saw
Tesla’s June launch of its long-awaited “robotaxi” requires a lot of qualifiers: it was supervised, open only to a few invitees and included somewhere between 10-20 vehicles. The stock jumped 8% the day after the launch, and some participants and observers called it a success. The shares have largely given back that gain since then. […]
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Hemi V-8 engines and mechanical bull rides: Inside Stellantis’ plan to revive its Ram Trucks brand after yearslong sales declines
Stellantis’ Ram display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC AUBURN HILLS, Mich. — Ram CEO Tim Kuniskis reemerged from a seven-month retirement late last year saying he “missed the fight” and admitting the Stellantis brand was getting smashed in the marketplace by its competition. […]
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UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images U.K. vehicle production fell sharply for a fifth straight month in May, according to new figures, as headwinds including U.S. President Donald Trump’s trade policy hit the […]
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Airport lounges, Europe and premium class are on the table, Southwest CEO says
A Southwest Airlines Boeing 737 MAX8 departs from San Diego International Airport to Chicago on March 4, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images ARLINGTON, Texas — Southwest Airlines is considering airport lounges, more premium seating and even long-haul international flights to win over high-spending customers, CEO Bob […]
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U.S. Senate committee advances nomination of Republic CEO to head FAA
FILE PHOTO: Bryan Bedford, chairman and chief executive officer of Republic Airways Holdings Inc., speaks at the Global Business Travel Association (GBTA) 2011 convention in Denver, Colorado, U.S., on Tuesday, Aug. 23, 2011. Matthew Staver | Bloomberg | Getty Images The Senate Commerce Committee on Wednesday voted 15 to 13 to approve the nomination of […]
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FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
A FedEx truck on Cyber Monday in San Francisco, California, US, on Monday, Dec. 2, 2024. David Paul Morris | Bloomberg | Getty Images 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 […]
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Carnival shares pop on earnings beat and raised full-year outlook
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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Uber, Waymo robotaxi service opens to passengers in Atlanta
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 […]
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Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base
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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