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395 Results / Page 11 of 44

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sponsorship revenue
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Microsoft among deals that helped NBA set record $1.46 billion in sponsorship revenue

Microsoft among deals that helped NBA set record $1.46 billion in sponsorship revenue Via CNBC.com: The National Basketball Association made a record $1.46 billion in sponsorship revenue in its 2020-21 regular season, according to estimates by IEG, a sports partnerships consultancy firm. IEG said the figure is up 6% year over year, and up from the $1.2 billion the NBA made from partnerships after its 2018-19 season. IEG tracks sponsorship […]

today06/29/2021 12

Model 3
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Tesla to ‘recall’ nearly 300,000 China-made Model 3 and Model Y vehicles

Tesla to ‘recall’ nearly 300,000 China-made Model 3 and Model Y vehicles Via CNBC.com: Chinese regulators said on Saturday Tesla would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is linked to an assisted driving function […]

today06/26/2021 13

Marijuana
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Connecticut Legalizes Marijuana to Combat ‘Racial Disparities’

Connecticut Legalizes Marijuana to Combat ‘Racial Disparities’ Via Breitbart: Connecticut Gov. Ned Lamont (D) signed a bill into law Tuesday that legalizes possession of marijuana in the state and anticipates retail sales of the drug in 2022. The new law allows people age 21 and older to possess or use marijuana up to the specified possession limit of 1.5 ounces on their person and five ounces in their home or […]

today06/24/2021 8

American Airlines
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American Airlines cancels hundreds of flights due to staffing crunch

American Airlines cancels hundreds of flights due to staffing crunch Via CNBC.com: American Airlines said it canceled hundreds of flights this weekend due to staffing shortages, maintenance and other issues, challenges facing the carrier as travel demand surges toward pre-pandemic levels. About 6% of the airline’s mainline schedule, or 180 flights, were canceled on Sunday, according to flight-tracking site FlightAware. The airline said that equaled about 3% of its total […]

today06/21/2021 19

TikTok
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TikTok owner ByteDance’s revenue surged 111% in 2020

TikTok owner ByteDance’s revenue surged 111% in 2020 Via CNBC.com: ByteDance, the owner of TikTok, saw its revenue for 2020 more than double, a person familiar with the matter told CNBC. Revenue for last year totaled $34.3 billion, up 111% year-on-year, senior management at the company told employees in a company-wide meeting. Gross profit rose 93% to $19 billion, the person who attended the meeting said. ByteDance had 1.9 billion […]

today06/17/2021 52

Southwest Airlines
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Southwest Airlines cancels 500 flights after second technology issue in two days

Southwest Airlines cancels 500 flights after second technology issue in two days Via CNBC.com: Southwest Airlines canceled 500 flights, 15% of its schedule, Tuesday as it struggled with connectivity issues, a day after technical problem with a weather data supplier delayed hundreds of flights. The Federal Aviation Administration briefly issued a nationwide ground stop for Southwest, which prevents its flights from taking off to avoid overwhelming destinations. More than 1,690 […]

today06/16/2021 5

Lordstown Motors
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Electric truck maker Lordstown Motors shares slide after CEO and CFO resign

Electric truck maker Lordstown Motors shares slide after CEO and CFO resign Via CNBC.com: Lordstown Motors said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned. The announcement came days after the electric truck maker warned that it had “substantial doubt” about its ability to continue as a going concern in the next year. Shares of Lordstown, which went public through a special purpose acquisition company in October, […]

today06/15/2021 19

electric car
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Apple hires BMW veteran in latest sign of electric car push

Apple hires BMW veteran in latest sign of electric car push Via CNBC.com: Apple has hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars, Apple confirmed to CNBC’s Phil LeBeau on Thursday. The hire is the latest sign that Apple is serious about building an electric car to compete with automakers such as Tesla. Hyundai said earlier this year it was in talks with Apple […]

today06/11/2021 21

Boeing 737 Max
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United Airlines is reportedly in talks to buy at least 100 Boeing 737 Max jets

United Airlines is reportedly in talks to buy at least 100 Boeing 737 Max jets Via CNBC.com: United Airlines is in advanced talks to buy a large narrow-body aircraft order, which would include at least 100 Boeing 737 Max jets as part of a broader fleet revamp, Bloomberg News reported late Wednesday. The carrier is looking to upgrade its fleet and study several new, fuel-efficient models at a time when […]

today06/10/2021 5

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