Delta Air Lines said on Wednesday that the company expects to take a $200 million hit to its profits due to flight disruptions during the US government shutdown. The shutdown, which was the longest on record, wreaked havoc on the aviation industry as thousands of flights were canceled.Air traffic controllers were short-staffed as the shutdown meant they weren't getting paid. Many couldn't work or stayed home, leaving fewer staff to manage flights. To manage staffing shortages, the Federal Aviation Adminis ...

Dallas has become the latest city to get robotaxis on Uber. The ride-hailing giant announced on Wednesday that users can now access self-driving vehicles developed by startup Avride, as the race to introduce robotaxis across the US continues to heat up.The Dallas robotaxi fleet, which is made up of Hyundai Ioniq 5 EVs powered by Avride's self-driving tech, will initially include human monitors in the driver's seat. Uber said that fully driverless operations will be coming "sometime in the future." Custom ...

Group 1: Tesla's Performance in China - Tesla's sales in China rose by 9.9% in November compared to the same month last year, marking a rare positive outcome for the company amid a challenging year in major markets [1] - The company has faced significant sales declines in Europe and intense competition in China, leading to an anticipated overall sales decline for the second consecutive year [1] Group 2: BYD's Challenges and Performance - BYD, Tesla's largest competitor in China, has experienced three consecutive months of sales declines, selling just over 480,000 EVs and hybrids in November, which is approximately 5.3% less than the same period in 2024 [2] - The company is navigating a renewed price war in China's competitive EV market and a government crackdown on aggressive discounting, yet it remains on track to potentially surpass Tesla as the world's largest seller of battery EVs this year [3] - BYD's overseas sales reached a record 131,935 in November, significantly outselling Tesla in Europe, with a ratio of more than two to one in October [4]

Erik Smolinski makes a living trading options. The 34-year-old Marine veteran has been at it for more than half of his life. Since he first started trading in 2007, he's posted just two negative years — his first two — and, between 2018 and 2022, returned 24.6% on average. Business Insider verified his claims by looking at screenshots of his summary statements.Smolinki's strongest year was 2023, when he returned triple digits. In 2025, he said his portfolio has returned 79% and he's on track to hit his thi ...

Core Insights - The rise of Debt-Service Coverage Ratio (DSCR) loans has allowed small and midsize real estate investors to acquire properties with less scrutiny from lenders, focusing on the property's cash flow rather than the borrower's creditworthiness [1][3][4] - Serious delinquencies on DSCR loans have increased significantly, indicating financial strain among landlords amid a rental market slowdown, although these troubled loans represent a small fraction of the total [2][9] - Despite the challenges, the demand for DSCR loans remains strong, with substantial amounts being secured by landlords, suggesting ongoing interest in real estate investment [14][15] Group 1: DSCR Loans Overview - DSCR loans enable landlords to purchase rental properties by demonstrating that the expected rental income will cover mortgage payments and basic expenses, rather than relying on personal financial history [1][5] - The popularity of DSCR loans surged during the pandemic, with over $44 billion in loans issued in 2022, up from $5.6 billion in 2019, driven by low borrowing rates and rising home prices [7][8] - Institutional investors have increasingly embraced DSCR loans, contributing to the growth of this asset class [8][14] Group 2: Market Dynamics and Challenges - The percentage of DSCR loans in serious delinquency has nearly quadrupled since mid-2022, rising from around 0.5% to just under 2% of securitized loans, signaling potential risks in the market [9][10] - Landlords who refinanced traditional loans into DSCR loans faced higher borrowing rates, which required higher rents to cover payments, leading to over-leveraged positions for some [11][12] - The rental market is experiencing slower growth, with single-family rents increasing by only 1.4% year over year as of August, the lowest in 15 years, which may impact landlords' cash flow [16] Group 3: Future Outlook - The ongoing preference for renting over buying could benefit landlords, but stagnant rent growth poses challenges for maintaining profitability [16][17] - As the market adjusts to higher interest rates and changing economic conditions, the landscape for DSCR loans and real estate investment may continue to evolve, with potential opportunities for first-time buyers as distressed assets become available [16][17]

Core Viewpoint - San Francisco is suing major food brands for selling ultra-processed foods that contribute to public health issues, claiming these companies have profited from harmful products without proper health warnings [1][3][4]. Group 1: Lawsuit Details - The lawsuit, filed by San Francisco City Attorney David Chiu, is 64 pages long and targets 11 major food brands [1][2]. - The brands named in the lawsuit include Kraft Heinz, Mondelez, Coca-Cola, Pepsico, General Mills, Nestlé, and others [2]. Group 2: Accusations Against Brands - The lawsuit accuses these brands of creating addictive foods that lead to health problems, failing to provide health warnings, and making misleading claims about product healthiness [3][4]. - Ultra-processed foods are linked to obesity, type 2 diabetes, cardiovascular disease, and other chronic illnesses [4]. Group 3: Legal and Regulatory Context - Chiu is calling for the brands to stop deceptive marketing practices and to pay civil penalties to San Francisco [5]. - This lawsuit aligns with a broader movement in the U.S. to regulate processed foods, initiated by Health Secretary Robert F. Kennedy Jr. [5][6].

American Eagle's marketing campaigns are giving the company a meaningful boost. The retailer has launched a number of campaigns this year that have been at the center of viral moments online.It looks like they're paying off financially. Its stock has been up this year, and its total revenue was $1.4 billion for the third quarter that ended November 1, roughly 6% higher year-over-year. American Eagle raised forward-looking guidance for the fourth quarter, and its stock rose at least 10% after hours on Tues ...

Just because Cyber Monday is over doesn't mean you missed out. We've spent the past five days (and nights!) tracking some of the best deals of the year, and while some of the best Cyber Monday sales ended promptly at midnight, we were pleased to see so many of them extending their discounts through today.Some of the best ongoing deals we've spotted include 30% off a pair of Sony WH-1000XM5 headphones, the best overall headphones we've tested, and 55% off the Dyson V9 Motorbar vacuum. We're also still seeing ...

Amazon orders keep getting faster. The e-commerce juggernaut said Monday that it is making a big push into ultrafast fulfillment with new 30-minute delivery tests in Seattle and Philadelphia.Through the new service, dubbed Amazon Now, customers can choose from thousands of essentials, such as diapers, milk, pet food, electronics, and more, delivered right to their doorstep in under half an hour. In the Seattle test, Amazon workers pick and bag items at its warehouse, which are then handed off to Amazon Fl ...

Flying cars were supposed to be the wave of the future. A lot of retail traders are betting that's still the case. Over the years, names like Archer and Joby Aviation have garnered heightened interest from everyday traders wagering on the cutting-edge tech to revolutionize transportation. While retail has been early to other parties in the stock market, including EV makers like Tesla and space tech companies like AST SpaceMobile, Goldman Sachs thinks they might be overhyping the flying car trade. EVTOL— ...