Automakers, airlines, ride-hailing, logistics, shipping, electric vehicles, and the transportation economy.
Uber Technologies says it is widening the range of goods available through Uber Eats by adding new retail partners in the U.S., aiming to broaden beyond restaurant delivery.
THE APEX TIMES
THE APEX TIMES
FedEx reported higher-than-expected adjusted earnings for the quarter, yet its new full-year profit forecast did not meet market expectations, sending its shares lower.
THE APEX TIMES
A broad selloff in technology shares pushed down the estimated value of Elon Musk’s wealth by about $500 billion, according to market reporting on June 24.
THE APEX TIMES
Market futures were set to bounce as investors weighed a rebound in South Korea’s Kospi and ahead of upcoming semiconductor catalysts, while FedEx (FDX) and an AI chip-related IPO, Cerebras, were among the late decliners.
THE APEX TIMES
The logistics company reported stronger results for the latest quarter, but Wall Street focused on guidance for 2026, sending FedEx stock sharply lower in early trading.
THE APEX TIMES
SpaceX (NASDAQ:SPCX) continued to gain in premarket trading Wednesday after a quick move lower that took it below its post-IPO opening price, as market talk renewed around a possible business tie-up involving Tesla (NASDAQ:TSLA).
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The automaker says it will lower production for several models, including petrol versions of the RAV4 SUV and the Avalon sedan, as disruptions tied to the Hormuz area continue to affect supply chains.
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FedEx reported a fourth-quarter earnings and revenue result that beat expectations, but investors reacted negatively to the outlook, sending the stock down sharply in early trading.
THE APEX TIMES
The shipping and logistics company reported growth in fiscal fourth-quarter profit, but investors reacted negatively to guidance for the year ahead, with the stock falling early after the update.
