Plus, UPS shares are down after earnings showed deliveries are slowing down in the U.S., GE CEO Culp warned that the conglomerate is facing inflationary pressures, and American Airlines said it may have to add extra stops for some flights amid snarls in trucking and supply chains delays fuel shipments to some airports.
Read MorePlus, American Airlines and Southwest Airlines both posted second quarter profits on federal aid and surging travel demand, DiDi shares are dropping on reports that Chinese regulators are planning unprecedented penalties for the ride-share giant, and Uber Freight is buying shipping software company Transplace.
Read MorePlus, Coca-Cola said its second quarter revenue topped 2019 levels, Bitcoin is rebounding, and Ford is partnering with Argo AI and Lyft on an autonomous vehicle fleet.
Read MorePlus, DISH Network said it has signed a multi-year agreement with AT&T worth $5 billion for wireless services, Zoom is buying cloud contact center software provider Five9 for $14.7 billion, and Bill Ackman’s Pershing Square Tontine Holdings SPAC has dropped its deal for 10% of Universal Music Group.
Read MorePlus, Apple asked suppliers to increase iPhone production by 20%, Citigroup delivered an earnings beat, and a short seller accused Oatly of misleading investors and consumers.
Read MorePlus, JPMorgan is buying OpenInvest, Walmart will start offering its own brand of analog insulin at a cheaper price for diabetes patients, and Capri Holdings raised its revenue guidance for the year on rising luxury sales.
Read MorePlus, Bitcoin rebounded, Southwest Airlines CEO Kelly will step down next year, and GlaxoSmithKline is spinning off its consumer products business to focus on reviving its drug unit.
Read MorePlus, Reddit and several other major websites were down early this morning due to a Fastly outage, Bitcoin is dropping after the U.S. recouped most of the ransom paid to the hackers that took down the Colonial Pipeline last month, and one analyst says Apple could hit a $3 trillion market cap next year.
Read MorePlus, United is buying 15 planes from Boom Supersonic, Twitter announced its new subscription service, and Ford is building a new small pickup truck.
Read MorePlus, Moderna asked for full approval from the FDA for its COVID-19 vaccine, AMC raised $230 million via a stock sale to Mudrick Capital, and Cloudera is going private.
Read MoreFor the last year and a half, the Aerospace industry, which includes commercial airlines has been one of the biggest, unquestioned losers in the stock market. Yes, the biggest portion of that drop comes from the reality that the industry took some of the biggest drawdowns in the market starting in February 2020 as commercial […]
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