As Holiday Weekend Starts, Airport Crowds Top 2019 Numbers | Business News

The July Fourth holiday weekend is off to a booming start with airport crowds crushing the numbers seen in 2019, before the pandemic. Travelers seemed to be experiencing fewer delays and canceled flights early Friday than they did earlier this week. The Transportation Security Administration screened more than 2.4 million travelers at airport checkpoints on … Read more

China’s Baidu Races Waymo, GM to Develop Self-Driving Cars | Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) – With no one at the wheel, a self-driving taxi developed by tech giant Baidu Inc. is rolling down a Beijing street when its sensors spot the corner of a delivery cart jutting into its lane. The taxi stops a half-car-length away. “So sorry,” a recorded voice … Read more

Boston Beer stock gets downgrade from Goldman Sachs as hard-seltzer business fizzles

Boston Beer Co. Soon may have lower its expectations for the year as its hard-seltzer business “deteriorates further,” analysts at Goldman Sachs said Tuesday. The analysts downgraded their rating on Boston Beer SAM, -4.86% shares to sell, from the equivalent of hold, saying they see “an even greater negative risk / reward” balance for the … Read more

Elon Musk says offering is 3 or 4 years away

SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk told last week SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline … Read more

The IPO Market Has Gone Cold. Getting It Going Again Is Likely To Take Some Time.

Elias Stein Text size The queue for initial public offerings is long, over 300 companies long. But precious few are proceeding: By June 17, only 47 companies, valued at $ 4.6 billion, had undergone traditional IPOs in 2022-74% below the same period in 2021, notes Dealogic. Most of the 47 have been tiny. Larger IPOs, … Read more

Pilots Picket as Airline Unions Leverage Summer Travel Woes | Business News

By DAVID KOENIG, AP Airlines Writer DALLAS (AP) – Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell … Read more

BlackBerry IVY Wins Frost & Sullivan Technology Leadership Award

WATERLOO, ON, June 21, 2022 / PRNewswire / – BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Frost & Sullivan has presented BlackBerry IVY ™ with the 2022 Enabling Technology Leadership Award for the edge-to-cloud connected and autonomous vehicles industry. Applying a rigorous evaluation process, Frost & Sullivan recognizes companies that are consistently at … Read more

JD.com Considers a Move Into Competitive Food Delivery Business in China

Text size JD.com stock rose after a company executive said in a TV interview that the Chinese e-commerce giant may move into on-demand food delivery in China. Giulia Marchi / Bloomberg JD.com is considering expanding into on-demand food delivery service, a top executive of the Chinese e-commerce giant said in a Bloomberg TV interview. Such … Read more

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Text size Uncredited US stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data releases when investors return this week. Companies reporting quarterly results will include Lennar on Tuesday; FedEx , BlackBerry , and Darden Restaurants on Thursday; and … Read more

Buttigieg: US May Act Against Airlines on Consumers’ Behalf | Business News

By DAVID KOENIG, AP Airlines Writer The day after Transportation Secretary Pete Buttigieg met with airline leaders to quiz them about widespread flight disruptions, his own flight was canceled and he wound up driving from Washington to New York. “That is happening to a lot of people, and that is exactly why we are paying … Read more