DETROIT — The automotive industry faces a "catastrophic" scenario if the U.S. and Canada cannot reach a new trade deal by the end of this year, an executive with Honda Motor warned Tuesday. President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50%...
Category: News
Why popular airplanes are getting scrapped years early
GOODYEAR, Ariz. — An Airbus A320neo, one of the world's most popular planes, rolled off the Mobile, Alabama, factory line in July 2022, painted bright yellow for its next destination: Spirit Airlines. It was built to fly for decades. But this May, less than four years later, it was stripped...
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The General Motors global headquarters in Detroit, Jan. 12, 2026.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting, according to average estimates compiled by LSEG:Earnings per share: $3.63 adjusted estimatedRevenue: $48.70 billion...
Merck CEO tells CNBC he expects breakthrough cancer vaccine will become faster to make
Merck CEO Rob Davis told CNBC on Wednesday that he expects the company's breakthrough cancer vaccine with Moderna to get faster to manufacture over time. Shortening the current six-week timeline could potentially help the companies reach more patients."We are going to drive for improvement, but right now the focus really is,...
Delta delays debut of Saudi Arabia service until March after Riyadh airport attacks
Delta Air Lines said it will delay the launch of its nonstop service between Atlanta and the Saudi capital Riyadh until March after several deadly attacks hit the city's airport there.Delta planned to begin the route on Oct. 23, with an Airbus A350-900 wide-body plane, in what would have marked...