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Alibaba rose above 4% in Friday’s premarket. Shipping subsidiary Cainiao could file for an IPO next week. BABA stock has been in a downtrend since July 31. Cainiao is said to...
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2 Minutes
2 Minutes
Getaround Stock Forecast: GETR jumps over 70% following HyreCar deal
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Getaround has agreed to buy HyreCar for $9.45 million. Getaround stock soared 70% at Friday’s open. Ride-sharing company says acquisition may be path to profitability. HyreCar is a vehicle rental company...
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FedEx (FDX Stock) announced a better-than-expected quarterly earnings
Today’s instrument is the FedEx corporation traded in NYSE under the ticker FDX. Looking at the FDX’s chart, we can see that it was lastly traded at around $164. Last night it announced a...
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2 Minutes
American Airlines is dropping regional carrier Mesa, citing financial and operational problems
American Eagle Bombardier CRJ-900ER aircraft seen at Phoenix Sky Harbor International Airport. Alex Tai | SOPA | Getty Images American Airlines is dropping Mesa Air, citing concerns about its partner’s financial and operational problems, an enormous...
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3 Minutes
Union Pacific pauses use of controversial freight rail embargoes
A Union Pacific freight train carries goods east near Palm Springs, California, a key link in the roadways and railways that connect the southern California metropolitan areas, as well as the busiest port complex...
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2 Minutes
Ford again hikes the starting price of the F-150 Lighting pickup, now up 40% since launch
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has once again increased the...
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2 Minutes
Space company Maxar agrees to go private in $6.4 billion deal
Inside the company’s Palo Alto, California manufacturing facility, Maxar Space imagery and infrastructure company Maxar on Friday announced an agreement to go private through an acquisition led by Advent International. The all-cash deal gives...
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2 Minutes
U.S. safety regulators investigating GM’s Cruise self-driving car system
A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images U.S. automotive safety officials have opened a formal probe into the autonomous driving system...
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2 Minutes
American Airlines will make it harder to earn frequent flyer status next year in loyalty program shake-up
American airlines planes are seen at San Francisco International Airport (SFO) in San Francisco, California, United States on September 15, 2022. Tayfun Toskun | Anadolu Agency | Getty Images Members of American Airlines‘ loyalty...
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3 Minutes
Delta expects 2023 earnings to nearly double thanks to ‘robust’ travel demand
Delta Air Lines says the travel boom isn’t over. The airline expects its adjusted earnings to nearly double to as much as $6 per share next year, above analysts’ estimates. It forecast a 15%...
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