Moscow's civil aviation authority said on Wednesday that two major Russian airlines are helping to repatriate its citizens from Cuba amid a jet fuel shortage on the island. The agency, Rosaviatsia, said that Rossiya Airlines had changed its flight schedule "to ensure the evacuation of Russian tourists currently in Cuba."Rossiya, which is owned by Russian aviation giant Aeroflot, and Nordwind Airlines, a Russian luxury airline, announced on the same day that they would suspend flights to Cuba and offer only ...

Bill Ackman is betting big on Meta — saying it believes it to be "one of the clearest beneficiaries of AI integration." The billionaire investor's Pershing Square hedge fund revealed Wednesday that it has invested around 10% of its capital in Meta, or approximately $2 billion, as of the end of December."We believe Meta's current share price underappreciates the company's long-term upside potential from AI and represents a deeply discounted valuation for one of the world's greatest businesses," the presenta ...

Core Insights - Ford's electric vehicle (EV) business reported a loss of $4.8 billion in 2025, with a 14% decline in sales of key models like the Mustang Mach-E and F-150 Lightning [1][5] - The company is shifting its strategy towards lower-cost, high-volume EVs and increasing its focus on hybrids, moving away from its initial approach of electrifying premium models [2][6] Sales Performance - In 2025, Ford sold 27,307 F-150 Lightnings, an 18.5% decrease from 2024, and 51,620 Mustang Mach-Es, which remained roughly flat year-over-year [5] - The end of the $7,500 federal tax credit in September 2024 significantly impacted sales, with F-150 Lightning sales dropping from 5,197 units in December 2024 to 1,724 units a year later [5] Strategic Changes - Ford has ceased production of the all-electric F-150 Lightning, planning to reintroduce it as an extended-range electric vehicle (EREV) with improved range and towing capacity [6] - The company is developing a new "universal" EV platform aimed at producing lower-cost, high-volume vehicles, with the first model expected to be a midsize pickup priced around $30,000 by 2027 [7][8] Financial Outlook - Ford anticipates that its EV business will continue to operate at a loss for several more years, targeting break-even around 2029 [9] - The company missed earnings estimates for the quarter, reporting adjusted earnings per share of 13 cents compared to analysts' expectations of 19 cents [9] Market Context - Other major automakers are also planning to launch sub-$50,000 EVs, indicating a broader industry trend towards more affordable electric vehicles [8]

Yes, you read that right. The monthly jobs report, a Friday tradition, is out this morning, five days later than originally scheduled due to the partial government shutdown .The delayed report led with some surprisingly good news. The US added 130,000 jobs in January, well above the 65,000 economists expected. Unemployment ticked down to 4.3%, beating expectations of holding at 4.4%.Investors are looking at the January jobs report to see if the job market has continued stabilizing following a difficult 2025 ...

The Sonder fiasco cost Marriott millions. On a Tuesday earnings call, Marriott's outgoing finance chief, Leeny Oberg, said Marriott incurred a $23 million loss from terminating its contract with the luxury short-term rental company Sonder in November.A Tuesday earnings report said the $23 million in charges came from termination expenses and the write-down of Marriott's licensing agreement with Sonder. Oberg added that it was a one-time expense. There were no other mentions in the earnings call of any fal ...

Wall Street may be getting the AI trade wrong, says Dan Ives, a Wedbush analyst and longtime tech bull. Ives said on CNBC's "Closing Bell" published Tuesday that the recent investor pessimism toward software companies is 'the most disconnected call that I've ever seen."While much of the AI excitement has centered on data centers, chips, and GPUs, Ives said software will be the "heart and lungs of the AI revolution." The infrastructure buildout is still in its early innings and could stretch over the next ...

Lyft is down. The ride-hailing company's stock dipped 16% in after-hours trading on Tuesday after it reported fourth-quarter earnings and a 2026 outlook that fell short of expectations.Lyft's revenue rose 3% to $1.59 billion during the quarter, below the $1.76 billion that analysts expected. Its guidance for the first quarter also missed the mark as it said it expects adjusted earnings before interest, taxes, depreciation, and amortization, a measure of profit, of between $120 million and $140 million. Th ...

Another week, another round of jitters caused by fears of widespread AI disruption. On Tuesday, financial firms and brokerages saw their shares fall as tech firm Altruist boasted its new Hazel AI tool could assist with tax planning for clients "within minutes." Here were the big moves on Tuesday: The iShares U.S. Broker-Dealers & Securities Exchanges ETF was down 4%. Follow Samuel O'Brient Every time Samuel publishes a story, you’ll get an alert straight to your inbox! Stay connected to Samuel a ...

Google's business unit is offering voluntary exit packages to some employees.In an email sent to staff on Tuesday, Google's chief business officer, Philipp Schindler, said employees on certain teams within the global business organization (GBO) could voluntarily leave the company with a severance package. "We're starting the year in a strong position thanks to everything you accomplished in 2025," Schindler wrote in the memo, which Business Insider viewed. "But the game is dynamic, the pace is electric, and ...

David Ellison's first eight offers to buy all of Warner Bros. Discovery were rejected. Now, the Paramount Skydance CEO is betting that the ninth try's the charm. Paramount just adjusted its all-cash offer for all of WBD, though it didn't raise its topline bid from $30 per share. WBD turned down Paramount's previous offers and is selling its streaming and studio assets, including HBO, to Netflix for $27.75 per share in cash. (Unlike Paramount's bid, the Netflix deal doesn't include WBD's cable channels, lik ...