Longtime readers will remember the erstwhile heyday of CatBo, when Boeing and Caterpillar ruled the Dow Jones Industrial Average Yet over the past five years, it is Caterpillar that has taken off, out...
Tag: Transportation
Nikola NKLA founder Trevor Milton found guilty of fraud
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of fo...
NASA astronauts return to Earth
[The webcast is scheduled to begin at 11:15 a.m. ET. Please refresh the page if you do not see the video player above.] SpaceX is set to return its fourth operational crew mission from the Internation...
Sony and Honda plan to start U.S. deliveries of their EV in 2026
Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint ventur...
Delta Air Lines (DAL) earnings 3Q 22
A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. James D. Morgan | Getty Ima...
Polestar Unveils Very Familiar Looking Tesla and Fisker Competitor
Polestar (PSNY) is looking to take on not only electric vehicle giant Tesla (TSLA) in the all-electric SUV market, but also upstart EV maker Fisker (FSR) . The problem, according to some Tesla an...
Taiwan Semi reports stronger-than-forecast profit
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter. The chipmaker said earnings rose ...
Amazon changes Kuiper prototype satellites launch from ABL to ULA
From left: Artist renderings of the launches of an RS1 rocket and a Vulcan rocket. ABL Space; United Launch Alliance Amazon is swapping rides for the first prototype satellites for its Project Kuiper ...
Space tourism pioneer Dennis Tito books private moon trip
Dennis Tito, most widely known as being the first space tourist back in mid-2001. Wikipedia Entrepreneur Dennis Tito and his wife Akiko purchased seats on a private trip with SpaceX’s Starship r...
GM’s Chevrolet Trax crossover comes with new tech, design, lower price
2024 Chevrolet Trax ACTIV GM DETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand’s entry-level crossover — with new technologies and a more aggressive ...
Polestar unveils $84,000 electric SUV, Polestar 3, to cement U.S. foothold
Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, calle...
Lucid EV production on track to meet 2022 guidance
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric luxury vehicle maker Lucid Group...
NASA aims for mid-November launch of Artemis I moon mission
NASA’s next-generation moon rocket, the Space Launch System (SLS) rocket with its Orion crew capsule perched on top, as it stands on launch pad 39B in preparation for the unmanned Artemis 1 mission at...
Delta, Starbucks link loyalty programs in bid for repeat customers
A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Delta Air Lines and Starbucks are linking their loyalty programs, marking ...
United adds new trans-Atlantic flights for summer 2023 in bet on travel recovery
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines is planning another big schedule increase for trans...
American Airlines raises revenue forecast after strong summer travel season
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines said Tuesday that its third-quarter sales likely came in better than it previously e...
Honda’s new $4.4 billion EV battery plant will be built in Ohio
An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wrig...
Delta invests in electric air taxi startup Joby, plans last-mile airport service
A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company’s initial public offering in New York, U.S., on Aug. 11, 202...
Lyft president still thinks driverless cars will dominate ride-share
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angele...
GM Energy launches to connect homes, businesses with EV chargers, energy storage
Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC General Motors on Tuesday said that it is forming a new business unit to offer stationary battery packs, so...
GM, Ford shares tumble after UBS downgrades cite weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...
Here’s why UBS’s downgrade of Ford is misguided — and late
Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a...
Second strike at Liverpool to add to European port congestion
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty Images Logistics experts are warning an...
Takeaways from our meeting: Diversification, inflation data, Ford
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stay diversified Stocks fal...
Ford, GM Downgraded. Here’s Where They Have Support
Ford (F) and General Motors (GM) are down hard on the day as analysts at UBS downgrade the stocks. Ford stock is down almost 7% on Monday, while GM shares are down 5.25% on the day and were down a...
Rivian shares are set to slump after the company announced a big recall
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive are set to open sharply lower Monday a...
S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long
Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an e...
How credit cards ruined the airport lounge
This article is reprinted by permission from NerdWallet. Years ago, there were business travelers and there were leisure travelers, and nary did the perks of the high-flying former trickle down to th...
One of the world’s biggest container shipping companies is ‘too compelling to ignore,’ says analyst
With valuation at a trough and a dividend lined up for 2022, A.P. Moeller-Maersk is “too compelling to ignore” and investors should buy the shares. That’s according to analysts at Berenberg, who upgra...
Rocket builder Astra Space gets delisting warning from Nasdaq
A close up look at Astra’s LV0008 rocket at LC-46 in Cape Canaveral, Florida. John Kraus / Astra Embattled small rocket-builder Astra revealed Friday that it received a delisting warning from th...
Cruise stocks soar to pace the S&P 500, as Norwegian is upgraded to buy
Shares of cruise operators were the top-3 gainers in the S&P 500 SPX, -0.33% in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. NCLH, +11.61% getting bullish backing from UBS...