transportation

How Carvana went from a Wall Street top pick to trading with meme stocks

How Carvana went from a Wall Street top pick to trading with meme stocks

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within …

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A severe pilot shortage in the U.S. leaves airlines scrambling for solutions

A severe pilot shortage in the U.S. leaves airlines scrambling for solutions

Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis …

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George Soros Backs Bet on Rivian as Ford Delivers Bad News

George Soros Backs Bet on Rivian as Ford Delivers Bad News

Rivian  (RIVN) – Get Rivian Automotive, Inc. Class A Report got scared but the electric vehicle maker made up for it well.  The young manufacturer of electric SUVs and pickups has just cleared some of the many doubts hanging over its short-term future.  The Irvine, Calif.-based company confirmed its production target of 25,000 vehicles in 2022, …

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How Ford's F-150 Lightning stacks up against Rivian and Hummer electric pickups

How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups

SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, …

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Uber CEO tells staff company will cut down on costs, treat hiring as a 'privilege'

Uber CEO tells staff company will cut down on costs, treat hiring as a ‘privilege’

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late …

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JetBlue Airways faces a quarter-century crossroads after Spirit rejects its takeover offer

JetBlue Airways faces a quarter-century crossroads after Spirit rejects its takeover offer

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways is at a quarter-century crossroads. The airline’s first flight took off from New York …

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Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part …

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