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While a granted air operator’s license (AOC) gives an airline the right to start running and selling flights, the certificate can also be revoked if a carrier fails a safety audit or runs out of the resources necessary to continue operations. Airlines that saw their AOC revoked in recent weeks include British charter carrier Pen-Avia, […]

The title of Morgan Stanley’s midyear US economic outlook, published May 12, is four words: “Capex Over Consumption.” It is the bank’s clearest possible signal about what is holding the American economy together heading into the second half of 2026, and what is beginning to buckle beneath the surface. Chief US Economist Michael Gapen and

Toyota Motor (TM) and Tesla (TSLA) are generally seen as rivals in the global auto business. Toyota is the manufacturing powerhouse, selling more than 11 million automobiles a year in almost every major market. Tesla is the electric vehicle disruptor that pushed the industry to embrace batteries, software and autonomous driving. But Toyota’s latest earnings

The pizza dining sector has faced economic issues over the last year that have led to 100s of closings and bankruptcy filings. Restaurant chains have blamed fierce competition, rising labor and food costs, and high lease rates, which have required several companies to launch restructurings. Pizza chains close 100s of stores Papa John’s shared in its

Boeing is one of the largest aircraft makers in the world. It runs a complex business of making aircraft for airlines and militaries, while running a separate division for services that support customers’ needs. The company requires tens of thousands of skilled professionals, from executive management to technical staff. Here’s who gets paid the most

Cisco Systems (CSCO) climbed 25% in the past week as investors woke up to a simple shift. AI is driving a multibillion-dollar rebuild of the networks that power modern computing, and Cisco sits squarely in that spend cycle. That shift could ripple across the broader tech industry. As AI workloads become larger and more distributed,

LinkedIn built its business around helping people find jobs, grow their careers, and connect with employers. Now, the Microsoft-owned professional networking platform is delivering difficult news to some of its own workers.  This comes within weeks of Microsoft’s voluntary buyouts for its senior-level workers, which apply to 7% of eligible US employees, CNBC reported. The

It seems the recent surge of refinancing has come to an end.  New data from the Mortgage Bankers Association show that refinance applications have fallen for the last three weeks. Rate-and-term refinances have tumbled the most, with cash-out refinances seeing less movement. It’s all a symptom of stubbornly high mortgage rates. The average contract rate

Marvell (MRVL) stock closed the May 13 trading session at $177.95. That means it has gained 135% since March 5, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up close to 9% in the same period. Why has Marvell outpaced the S&P 500 so much since that date? The company reported

Automakers around the world are learning just how much government subsidies propped up their electric vehicle sales, as the expiration of those subsidies is throwing cold water on the industry’s EV ambitions. Take Honda, for example. Over the last three decades, the Japanese automaker has gone from an afterthought in the U.S. market to the fourth-best-selling