SpaceX test fires Starship as FAA reviews key license for first orbital launch

A view from the launch tower as SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2021. @elonmusk on Twitter Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on Thursday, as the company prepares for the rocket’s first orbital launch while …

General Motors unveils new high-end GMC Sierra Denali and AT4X pickups

2022 GMC Sierra 1500 AT4X (left) and Denali Ultimate GM DETROIT – General Motors is rolling out two new high-end GMC Sierra 1500 pickups, including one called the Denali Ultimate, that will start at more than $80,000 – making it the most expensive full-size, half-ton pickup on the market. The new models aim to build …

American, Southwest CEOs say they don’t plan to fire employees over federal vaccine mandate

Southwest Airlines Chairman and CEO Gary Kelly (R) speaks alongside American Airlines chairman and CEO Doug Parker (L) following a meeting with other airline executives at the White House about extending economic assistance to the airlines, in Washington, DC, September 17, 2020. Saul Loeb | AFP | Getty Images Southwest Airlines and American Airlines CEOs …

AutoNation shares hit new all-time high after reporting record quarterly earnings

AutoNation’s stock reached a new all-time record of more than $130 a share Thursday after the nation’s largest seller of new cars reported its sixth consecutive quarterly earnings record. AutoNation beat Wall Street’s profit and sales estimates, led by resilient consumer demand outpacing vehicle supplies due to an ongoing global shortage of semiconductor chips that …

American Airlines posts profit thanks to federal aid, revenue improves

American Airlines on Thursday reported a $169 million profit for the third quarter thanks to more than $990 million in federal payroll support. Revenue for the quarter totaled $8.97 billion down about 25% from the same period of 2019 but up from the $3.17 billion American brought in a year ago. That was ahead of …

Southwest Airlines’ October flight cancellations cost carrier $75 million

Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando, Florida, U.S., October 11, 2021. Joe Skipper | Reuters Southwest Airlines on Thursday said mass flight cancellations and delays that disrupted travel for tens of thousands of customers earlier this month cost it $75 million. Dallas-based Southwest earlier this month canceled …

Groceries in 10 minutes: New York City has become a testing ground for ultrafast delivery

Delivery App advertising: BuyK, Fridge No More, Jokr Melissa Repko | CNBC NEW YORK CITY — From the Upper East Side to Williamsburg, delivery company names are plastered on subway turnstiles, bike docks, bus shelters and backpacks of cycling couriers zooming by. They promise to get milk, frozen pizza, diapers and other online purchases to …

Sustainable jet fuel targets could push food prices higher, Ryanair CEO O’Leary warns

The CEO of Ryanair has acknowledged the need for ambitious sustainable aviation fuel targets while also expressing concerns about how food prices could be affected. During a discussion at CNBC’s Sustainable Future Forum on Wednesday, Michael O’Leary said his firm was investing “a lot of money” with Trinity College Dublin on research into sustainable aviation fuel, …

Tesla will change the type of battery cells it uses in all its standard-range cars

Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in all its standard-range electric …