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Tag: Transportation

Congress is closing in on a deal

Congress is closing in on a deal

Democrats and Republicans are closing in on a massive stimulus package to combat the economic impact of the coronavirus. In perhaps the biggest signal that an agreement was close, House Speaker Nancy Pelosi, D-Calif., told CNBC on Tuesday morning that there is “real optimism” Congress can clinch a pact within a few hours. Senate Majority Leader […]

GOP bill fails in key Senate procedural vote

GOP bill fails in key Senate procedural vote

A massive funding package to combat the impact of coronavirus did not get enough votes in a key Senate procedural vote Sunday evening. The stalemate came hours after Democratic leaders warned that the bill did too much to bail out companies and not enough to help workers. Stock futures cratered as the two parties failed to […]

Coronavirus flight cancellations top 200,000, sending jet-fuel lower

Coronavirus flight cancellations top 200,000, sending jet-fuel lower

A health worker sprays disinfectant inside a Vietnam Airlines airplane to protect from the recent coronavirus outbreak, at Noi Bai airport in Hanoi, Vietnam February 21, 2020. Kham | Reuters Airlines have canceled more than 200,000 flights as the coronavirus continues to spread, prompting travel restrictions and a sharp drop in demand for trips to […]

Virgin Galactic is Wall Street’s new favorite speculative stock: SPCE

Virgin Galactic is Wall Street’s new favorite speculative stock: SPCE

Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Virgin Galactic’s rally began two months ago but trading in the speculative space company has recently accelerated in a way that tops even the momentum behind Tesla. Shares of Virgin Galactic rose as much as 12% in premarket trading Wednesday from its previous close […]

Space junk raise concerns as more and more satellites are launched

Space junk raise concerns as more and more satellites are launched

An computerized image showing a satellite orbiting the Earth. Jose Luis Stephens | EyeEm | Getty Images Space companies, from Elon Musk’s SpaceX to start-up OneWeb, are racing to launch satellites into space with the aim of creating global internet coverage on Earth. But there’s one big problem, experts say — the creation and threat […]

China becomes increasingly isolated as airlines pull out

China becomes increasingly isolated as airlines pull out

Chinese citizens wear face masks to protect against the spread of the Coronavirus as they check in to their Air China flight to Beijing, at Los Angeles International Airport, on February 2, 2020. Mark Ralston | AFP | Getty Images Dai Xin planned to fly to the northeastern Chinese city of Shenyang this month to […]

Top moments and highlights from Trump speech

Top moments and highlights from Trump speech

President Donald Trump delivers his State of the Union address to a joint session of the U.S. Congress in the House Chamber of the U.S. Capitol in Washington, U.S. February 4, 2020. Leah Millis | Reuters In the chamber where he was impeached, President Donald Trump on Tuesday delivered his third State of the Union […]

General Motors playing to its strengths with the GMC Hummer EV pickup

General Motors playing to its strengths with the GMC Hummer EV pickup

DETROIT – General Motors is playing to its strengths from a profitability and product standpoint by resurrecting Hummer as an all-electric vehicle under its GMC truck and SUV brand, according to officials. The automaker is attempting to cash-in on the reputation of an already-established brand while removing any “negative baggage” of the gas-guzzling, environment-harming Hummers […]

Boeing CEO says he’s confident regulators will sign off on 737 Max by mid-year

Boeing CEO says he’s confident regulators will sign off on 737 Max by mid-year

Boeing’s new CEO, David Calhoun, told CNBC on Wednesday that he’s confident that regulators will permit the 737 Max to return to service by the middle of 2020. Last week, Boeing gave airlines and suppliers that same timetable, which was months later than the company previously expected. “Mid-year is what we think we can do,” […]

United Airlines cuts some China flights as demand falls amid coronavirus

United Airlines cuts some China flights as demand falls amid coronavirus

United Airlines on Tuesday said it is canceling dozens of China flights next month because of a “significant decline in demand” for service to the country as it battles the growing number of coronavirus cases. The Centers for Disease Control and Prevention on Tuesday recommended travelers avoid all nonessential travel to China while the Trump […]