American Airlines employees assist with passenger check-in at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images US airlinesFourth-quarter earnings beat analysts’ expectations as strong travel demand and high fares supported results during a turbulent holiday season. Shares of American rose about 2% in premarket trading Thursday. … Read more
Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida. Paul Hennessey | Anadolu Agency | Getty Images Southwest airlines lost $220 million in the fourth quarter, as the carrier’s vacation collapse drove up costs and cost millions in … Read more
Hong Kong, China, September 13, 2022, A red Tesla car passes a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Electric vehicle maker Tesla plans to publish fourth-quarter results Wednesday after market close. Here’s what analysts expected Wednesday morning, according to Refinitiv: related investment news Earnings … Read more
A Tesla showroom is on display at the City Center mall on January 17, 2023 in Washington, DC. Anna Geldmaker | Getty Images DETROIT — Tesla vehicles in the US are undergoing significant price cuts, proving to be a double-edged sword for the electric car manufacturer and the larger auto industry. Tesla lowered the prices … Read more
An American Eagle Embraer 170, similar to the aircraft involved in the incident.Photo: AaronP/Bauer-Griffin/GC Images (Getty Images) Last month, the National Transportation Safety Board released its preliminary report on a shocking incident that took place at Montgomery Regional Airport in Alabama. On New Year’s Eve 2022, an Envoy Air employee was killed afterwards be sucked … Read more
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy-duty truck production in Nevada, United States company said Tuesday on social media. According to his public statements, Tesla plans to eventually hire an additional 3,000 people in two new … Read more
Many of Nigeria’s existing seaports, inherited from the colonial administration, no longer function properly. Nigeria has opened a billion-dollar Chinese-built deep-sea port in Lagos that is expected to ease congestion in the country’s ports and help it become an African hub for transhipment, handling cargo en route to other destinations. President Muhammadu Buhari, who inaugurated … Read more
Photo: LEVC This may come as a shock to some of our readers who don’t pay much attention to what is happening on the TERF Island in the UK, but the latest black cabs you’ll see all over London were built by a company owned by Geely. Yes, the same Geely that also owns Volvo … Read more
Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger to fly around the moon aboard the SpaceX BFR launch vehicle. DAVID MCNEW | AFP | Getty Images Elon Musk told a federal court in San Francisco on Monday that he could have … Read more
DETROIT – General engines’ the future may be in all-electric vehicles, but it still needs its current models to pay the bills to invest in those new products. That’s one of the reasons the automaker unveiled the 2024 Chevrolet Corvette E-Ray on Tuesday — the first-ever “electrified” or hybrid version of the famed sports car. … Read more
