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Category: Economy

Bill Ackman Postpones Pershing Square IPO After Slashing Expectations
Economy

Bill Ackman Postpones Pershing Square IPO After Slashing Expectations

Pamela LoweJuly 27, 2024

Open Editor’s Digest for Free Roula Khalaf, Financial Times editor, picks her favourite stories for this weekly newsletter. Bill Ackman…

Steward Healthcare Closes Carney and Nashoba Valley Hospitals
Economy

Steward Healthcare Closes Carney and Nashoba Valley Hospitals

Pamela LoweJuly 26, 2024

Closures could have dire consequences for the two areas they serve. Carney Hospital opened 160 years ago, originally located in…

Tesla shares fell 7% in premarket trading after earnings miss
Economy

Tesla shares fell 7% in premarket trading after earnings miss

Pamela LoweJuly 24, 2024

Elon Musk, CEO of Tesla. Antonio Masiello Getty Images Tesla shares are down about 1% so far this year, while…

Elon Musk Doesn’t Answer Your Top Questions About Tesla’s Robotic Taxi
Economy

Elon Musk Doesn’t Answer Your Top Questions About Tesla’s Robotic Taxi

Pamela LoweJuly 24, 2024

Will Tesla’s robotaxi have a steering wheel? Elon Musk won’t say. Tesla’s CEO dodged several questions during an earnings call…

GM’s very strong quarter was overshadowed by potential headwinds for the industry.
Economy

GM’s very strong quarter was overshadowed by potential headwinds for the industry.

Pamela LoweJuly 23, 2024

DETROIT (AP) — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under…

 billion in deals on first day; A321XLR at show
Economy

$51 billion in deals on first day; A321XLR at show

Pamela LoweJuly 23, 2024

An Airbus A321-XLR takes part in an air show on the opening day of the 2024 Farnborough International Airshow, southwest…

FAA investigating Southwest flight to Tampa that plunged 150 feet above water
Economy

FAA investigating Southwest flight to Tampa that plunged 150 feet above water

Pamela LoweJuly 23, 2024

A Southwest Airlines flight bound for Tampa International Airport made a rapid descent on July 14, falling more than 1,500…

Billionaires are selling Nvidia shares and buying an index fund that could rise as much as 5,655%, according to some Wall Street analysts.
Economy

Billionaires are selling Nvidia shares and buying an index fund that could rise as much as 5,655%, according to some Wall Street analysts.

Pamela LoweJuly 22, 2024

Artificial intelligence has been one of the hottest investing topics on Wall Street this year. Nvidia (NASDAQ: NVDA) has become…

Sunday update: Flight cancellations now stand at 6,500 since IT chaos
Economy

Sunday update: Flight cancellations now stand at 6,500 since IT chaos

Pamela LoweJuly 22, 2024

Mass flight cancellations disrupted U.S. airports for a third straight day on Sunday, following a technical glitch on Friday. affecting…

Exploding soda cans injure Southwest Airlines flight attendants
Economy

Exploding soda cans injure Southwest Airlines flight attendants

Pamela LoweJuly 21, 2024

The scorching summer heat has created an unexpected problem for flight attendants: exploding soda cans. At least 20 Southwest Airlines…

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