ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBilly Nolen, Archer Aviation chief safety officer and former FAA Acting Administrator, joins ‘Squawk Box’ to discuss the ongoing air traffic chaos at Newark Liberty International Airport, state of the aging U.S. aviation infrastructure and staffing shortages, what’s needed to modernize the air traffic control system, and more. Source link
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Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | ReutersUber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report.Here’s how Uber did versus analysts’ estimates compiled by LSEG:Earnings per share: 83 cents vs. 50 cents expected.Revenue: $11.53 billion vs. $11.62 billion expected.Revenue at the ride-sharing company grew about 14% in the first three months of 2025, up from $10.13 billion during the same period in 2024.The company also reported net income of…
German factory orders jumped more than expected in MarchERGOLDING, GERMANY – OCTOBER 25: An employee during the final check while Bavarian Minister of State Florian Herrmann attends the opening of the new electric car motor housing production line at the BMW Landshut factory on October 25, 2024 in Ergolding, Germany. Analysts are predicting a strong 2025 for electric car sales in Germany. (Photo by Leonhard Simon/Getty Images)Leonhard Simon | Getty Images News | Getty ImagesNew manufacturing orders in Germany rose by 3.6% month on month on an adjusted basis, provisional data from the country’s statistics bureau Destatis showed on Wednesday.Analysts…
UBS is betting on Logitech going forward. The bank upgraded shares of the computer accessories manufacturer to buy rating from neutral. Its price target on Switzerland-listed shares of 80 Swiss francs implies upside of 26.1%. A similar gain on the U.S.-listed stock would take it to around $96.50. Logitech’s U.S.-listed shares have slipped 7% this year, making them a relative underperformer to the S & P 500, which is down 4%. “The share price has come down already, reflecting investor uncertainties, and we look through some challenging quarters,” analyst Joern Iffert wrote. “Margins and cash flows will remain on healthy…
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesUncertainty — that was the theme during earnings season for the world’s biggest semiconductor firms which are unclear on demand for their products as a result of changing U.S. tariff policy and export restrictions that have been place on China.U.S. President Donald Trump’s “reciprocal” tariffs took effect in April though they were paused shortly after. The White House also exempted certain tech products such as smartphones and chips. However, the U.S. is investigating imports of semiconductor technology which could come under new duties.Meanwhile, Washington…
A few weeks ago, several prominent American universities and law firms found themselves in what seemed to be a classic prisoner’s dilemma, courtesy of President Trump.His campaign of retribution against law firms that represented or hired his political opponents, and against universities that engaged in “woke” policies or purportedly fostered antisemitism, was forcing them to make an unappealing choice.Those who capitulated and struck an early deal with the White House, it seemed, might be spared the worst of Mr. Trump’s wrath, but at the cost of jeopardizing their independence. Standing up to the president risked even harsher punishment, particularly if…
Traders work on the floor of the New York Stock Exchange on April 29, 2025. NYSEStock futures advanced early Wednesday as investors monitored the latest updates on U.S. trade negotiations and looked toward the Federal Reserve interest rate announcement expected Wednesday afternoon.Dow Jones Industrial Average futures added 196 points, or 0.48%. S&P 500 futures popped 0.49%, while Nasdaq 100 futures rallied about 0.5%.Stock futures took a leg up after government spokespeople said U.S. Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet with their Chinese counterparts this week in Switzerland. That can be taken as a positive…
Pakistani soldiers take security measures around the city as the people panic during blackout after India launches strikes on Pakistan, in Muzaffarabad, Pakistan on May 7, 2025. Anadolu | Anadolu | Getty ImagesInvestors are sticking with the India story, with optimism on its growth prospects dwarfing geopolitical fears.Indian markets shrugged off the latest tensions with Islamabad after New Delhi struck several targets within territory controlled by Pakistan in a military operation early Wednesday.”Structural reforms, resilient domestic demand, and strong macro fundamentals continue to offer a compelling case,” said Mohit Mirpuri, an equity fund manager at SGMC Capital.”Investors may take a…
A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, U.S. February 18, 2025. Eli Hartman | ReutersU.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer and its energy security, the CEO of Diamondback Energy told shareholders in a letter this weekU.S. crude oil prices have tumbled about 17% this year as recession fears due to President Donald Trump’s tariffs weigh on demand expectations. At the same time, OPEC+…
There’s a new warehouse robot at Amazon that has a sense of touch, allowing it to handle a job previously only done by humans. Amazon unveiled the robot, called Vulcan, Wednesday at an event in Germany.CNBC got an exclusive first look at Vulcan in April, as it stowed items into tall, yellow bins at a warehouse in Spokane, Washington. An up-close look at the “hand” of the robot reveals how it can feel the items it touches using an AI-powered sensor to determine the precise pressure and torque each object needs.This innovative gripper helps give Vulcan the ability to manipulate…
