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Uber Delivers First-Ever Operating Profit
The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit. Source link
Apple, Amazon, Starbucks to Report in Packed Earnings Week
Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest
Uber's Grand Plan to Go All-Electric in London Ran Into Gridlock
The ride-share leader struggles with charging deserts and high prices. Source link
Volkswagen Seeks to Reclaim China Crown in Deal With EV Maker
The German auto giant bought a stake in Chinese rival XPeng after praising the dynamism and innovation of local automakers. Source link
Sweltering Planes. Baking Runways. How This Heat Is Testing Summer Travel.
The high temperatures that have engulfed swaths of the U.S. in recent weeks are creating fresh challenges for airlines amid the hectic summer travel season.
Southwest Airlines to Revamp Flight Schedule as Consumer Travel Changes
The airline says demand for vacation travel remains robust this summer, but business travel’s recovery to prepandemic levels remains elusive. Source link
Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist
The German car giant said logistics bottlenecks are shifting from semiconductor shortages to transportation delays. Source link
Facebook Parent Meta Expected to Report Sales Growth as Turnaround Continues
The social-media giant has seen a surge after cutting costs and improving ad-targeting. Source link
Airbus Hits New Supply-Chain Hurdle in Race With Boeing
Engine maker Pratt is recalling 1,200 engines over 12 months just as Airbus is trying to cement its supremacy in narrow-body jets. Source link
Fire on Car-Carrier Ship Off Dutch Coast Kills One
The coast guard is investigating whether the blaze started in one of the electric vehicles onboard. Source link