Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50:

Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50:

After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the industry Flexport is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that … Read more

How Carvana went from a Wall Street top pick to meme stock trading:

How Carvana went from a Wall Street top pick to meme stock trading:

Ernie Garcia, CEO, Carvana: Scott Mlyn |: CNBC: Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

How electric pickups stack up in price, range:

How electric pickups stack up in price, range:

SAN ANTONIO – Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber posted a $ 5.9 billion loss in the first quarter of 2022. Philip Pacheco |: AFP via Getty Images: Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late … Read more

Can I live without it?

Can I live without it?

A pedestrian carries shopping bags in the Herald Square area of ​​New York, US, on Wednesday, April 13, 2022. Calla Kessler |: Bloomberg |: Getty Images: Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny does not want … Read more

Airlines face big rebooking challenges this summer:

Airlines face big rebooking challenges this summer:

Airline passengers, some not wearing face masks following the end of Covid-19 public transportation rules, sit during an American Airlines flight operated by SkyWest Airlines from Los Angeles International Airport (LAX) in California to Denver, Colorado on April 19, 2022. Patrick T. Fallon |: AFP |: Getty Images: Airlines that once touted globe-spanning destinations, promising … Read more

Airlines face big rebooking challenges this summer:

Airlines face big rebooking challenges this summer:

Airline passengers, some not wearing face masks following the end of Covid-19 public transportation rules, sit during an American Airlines flight operated by SkyWest Airlines from Los Angeles International Airport (LAX) in California to Denver, Colorado on April 19, 2022. Patrick T. Fallon |: AFP |: Getty Images: Airlines that once touted globe-spanning destinations, promising … Read more