A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images) Anadolu | Getty Images The threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from attacks by Iranian-backed Houthi … Read more
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 declined by almost 10% during early trading Tuesday after the company reported increased vehicle production during the fourth quarter, but lower deliveries than the previous period. The company said … Read more
This photo provided by Jiji Press shows a Japan Airlines plane on fire on a runway of Tokyo’s Haneda Airport on January 2, 2024. A Japan Airlines plane was in flames on the runway of Tokyo’s Haneda Airport on January 2 after apparently colliding with a coast guard aircraft, television reports said. (Photo by JIJI … Read more
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023. Chandan Khanna | AFP | Getty Images Elon Musk’s SpaceX smashed its previous annual record for orbital rocket launches, pulling off 96 successful missions in 2023 at a blistering average launch pace … Read more
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week … Read more
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max planes to look for a “possible loose bolt” in the rudder control system, the latest quality issue to affect the manufacturer’s best-selling jetliner. The manufacturer … Read more
It is often said that a car begins losing its value as soon as you drive it off the lot. The reasons why boil down to some Nobel Prize-winning insights about human behavior and some quirks of the automotive industry. Everyone in the automotive industry keeps a close eye on depreciation: owners and buyers concerned … Read more
I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. While negotiating the evening rush hour traffic and typing into a translation app on his cell phone, the cab driver suggested the starting fare included a surcharge for all rides from Rome’s main … Read more
Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America’s transition to clean energy. Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Nio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market expectations. Here’s how Nio did in the third quarter, according … Read more
