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American Airlines

American Airlines warns about jet-fuel shortages around the U.S

American Airlines warns about jet-fuel shortages around the U.S Via CNBC.com: American Airlines on Monday said it might have to add stops to certain flights because of fuel delivery delays at some small and midsize airports and asked pilots to save fuel when possible, the latest headache during a surge in summer travel. The carrier said airlines, including American, have experienced the delays due to a lack of truck drivers, […]

today07/27/2021 2

BBQ

Surging BBQ companies go public, signaling continued post-pandemic shift to home cooking

Surging BBQ companies go public, signaling continued post-pandemic shift to home cooking Via Just The News: Multiple home barbecue companies are going public after a successful year and a half amid the COVID-19 crisis, an apparent reflection of increasing consumer orientation toward home cooking after many months during which dining out was sharply curtailed. Traeger — a manufacturer of automated wood-pellet smokers — this week announcedan initial public offering of […]

today07/26/2021 16

Cybertruck

Elon Musk admits Tesla’s Cybertruck could flop

Elon Musk admits Tesla’s Cybertruck could flop Via CNBC.com: Tesla CEO Elon Musk said Thursday in an exchange with fans on Twitter that there’s “always some chance” his company’s forthcoming Cybertruck will “flop.” Nonetheless, Musk plans to keep the Cybertruck “production design” almost exactly the same as its show car — a giant metal trapezoid. But he also said he “doesn’t care” about any risk that the Cybertruck could flop, […]

today07/16/2021 7

American Airlines

American Airlines shares rise on carrier’s better second-quarter forecast

American Airlines shares rise on carrier’s better second-quarter forecast Via CNBC.com: American Airlines shares rose after the carrier forecast better revenue and a narrower loss than previously estimated for the second quarter, the latest sign that airlines are recovering from the coronavirus pandemic’s toll on travel. The Fort Worth, Texas-based carrier said Tuesday that it expects to post a “slight” pretax profit for the second quarter. It said it will […]

today07/14/2021 12

2022 Compass

Jeep unveils 2022 Compass SUV ahead of EV push

Jeep unveils 2022 Compass SUV ahead of EV push Via CNBC.com: Jeep is updating one of its smallest SUVs with new technologies and a redesigned interior ahead of the brand’s push into electric vehicles. New features on the 2022 Jeep Compass include active emergency braking and blind-spot monitoring as standard safety technologies as well as optional 10-inch interior screens and an available driver-assist highway system. The compact Compass SUV is […]

today07/14/2021 11

Wells Fargo

Wells Fargo tells customers it’s shuttering all personal lines of credit

Wells Fargo tells customers it’s shuttering all personal lines of credit Via CNBC.com: Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer letters reviewed by CNBC. The revolving credit lines, which typically let users borrow $3,000 to $100,000, were […]

today07/09/2021 29

Chip shortage

Chip shortage causes Ford to slash vehicle production at several plants in July

Chip shortage causes Ford to slash vehicle production at several plants in July Via CNBC.com: Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry. The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due […]

today07/01/2021 20

Robinhood

Robinhood to pay $70 million for outages and misleading customers

Robinhood to pay $70 million for outages and misleading customers Via CNBC.com: Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers about aspects like […]

today07/01/2021 16

Juul

Juul agrees to $40 million settlement in North Carolina teen marketing lawsuit

Juul agrees to $40 million settlement in North Carolina teen marketing lawsuit Via CNBC.com: Juul Labs has agreed to pay North Carolina $40 million and change its business practices in the state. Regulators and health officials have blamed the company for the surging popularity of e-cigarettes among teens in recent years. In 2019, federal data found that more than 1-in-4 high school students had used an e-cigarette in the past […]

today06/29/2021 2

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