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Max Knoblauch
Posts
JetBlue surges following report it is exploring potential merger partners
JetBlue shares climbed more than 15% midday on Wednesday.
Sony and Honda are scrapping Afeela, their joint EV that you could play PlayStation in
The joint venture was expected to begin deliveries of the Afeela 1 later this year.
Disney ends its OpenAI deal after Sora video app is shuttered
In a surprise move on Tuesday, OpenAI announced it will shutter Sora.
United CEO says airfares would have to go up another 20% to “break even” if fuel prices remain elevated
United CEO Scott Kirby said he expects oil prices to remain higher for longer.
“Fortnite” maker Epic is laying off 1,000 employees amid engagement downturn
The move follows Epic’s decision earlier this month to increase the cost of in-game currency in “Fortnite.”
Nintendo is reportedly cutting back Switch 2 production by 33% as US sales underperform
Bloomberg’s sources don’t think Nintendo’s target of 20 million Switch 2 sales this fiscal year will be impacted, but investors aren’t holding back from dumping…
China’s EV startup trio have all become profitable
XPeng and Nio each posted their first-ever quarterly profit in Q4.Source: Sherwood News.
CarMax says EV and hybrid searches are up 9.3% this month as gas prices surge
Car shoppers are increasingly looking toward more fuel-efficient options as the war in Iran continues to spike gas prices.Source: Sherwood News.
Uber will invest $1.25 billion in Rivian in a new robotaxi deal
The ride-hailing company has more than 20 autonomous vehicle partnerships.Source: Sherwood News.
It’s the end of Disney’s Iger era (again)
Incoming CEO Josh D’Amaro is replacing Bob Iger on Wednesday, though Iger will remain a senior adviser through the end of the year.Source: Sherwood News.