Shares of Australia’s Sunrise Energy Metals jumped as much as 29% on Monday after the rare earth miner secured a $400 million investment in long-term debt financing from the U.S. to support the development of the world’s first primary mine for scandium. The Trump administration’s backing for Sunrise comes as major economies seek to shore…
United Airlines Polaris lounge in Chicago United Airlines CHICAGO — No advanced seat selection, lounge access or flight changes included with a C-suite executive’s business-class ticket? Absolutely not, some companies say. Delta Air Lines joined United Airlines last month in launching stripped-down business class fares for certain flights, taking the same approach they used to…
The Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in the best-selling family of aircraft, after nearly a decade of delays. The agency on Monday said the approval “reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane’s design and supporting safety…
Wherever volatile fuel prices head this year, don’t expect bargain flights. Airfare in the U.S. in June was up 26.5% compared with a year earlier, according to the latest federal data. Airline leaders say customers continue to book even after carriers hiked fares. They told Wall Street analysts this month that they’re expecting to hold…
US President Donald Trump speaks during a Cabinet meeting at Camp David in Maryland, on July 31, 2026. Aaron Schwartz | AFP | Getty Images President Donald Trump on Friday said the U.S. “has not agreed” to grant Ukraine licenses to produce Patriot missile systems, apparently backtracking on one of Kyiv’s top priorities in its…
As the AI infrastructure buildout and global geopolitical developments spur massive spending, an old-guard sector of the economy is getting a level of attention from investors that rivals the action in tech. The industrials sector of the S&P 500 is trading at a price-to-earnings ratio above 30, a level investors more often associate with high fliers,…
American Airlines further cut its 2026 earnings outlook, citing higher fuel costs, a sign that a jump in fares isn’t enough for the U.S. airline that flies the most to fully offset this year’s spike in fuel prices. American said it could post an adjusted loss per share of as much as 65 cents up…
Southwest Airlines Boeing 737 airplanes park at Hobby Airport during an afternoon rainstorm on May 27, 2026 in Houston, Texas. Kevin Carter | Getty Images News | Getty Images Southwest Airlines reported a more than 9% increase in second-quarter profit from last year as higher fares are increasingly helping the airline cover its fuel tab,…
SpaceX celebrates their IPO at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC SpaceX‘s stock gained 5% on Tuesday, attempting to snap a seven-day losing streak after setting its maiden earnings report, which coincides with a major share lock-up expiration. Elon Musk‘s aerospace and defense contractor on Monday announced Aug. 4 as its…
Archer Aviation CEO Adam Goldstein said the company is laser-focused on getting its air taxis certified and flying by the 2028 Olympics in Los Angeles. “It’s always been an ambitious goal,” he told CNBC’s Phil LeBeau on Monday at the Farnborough Air Show in the U.K. “It’s still an ambitious goal, but we’re certainly going…
