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United Airlines took a $200 million Boeing hit — and still beat earnings expectations

Quartz

qz.com › united-airlines-earnings-stock-boeing-737-max-grounding-1851414652

Even Boeing can’t keep United Airlines down. The airline reported strong travel demand and a rebound in business travel during its first quarter earnings report on Tuesday, sending its stock up in after-hours trading despite a big loss stemming from its Boeing planes getting grounded.

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6 Republican governors say the UAW's big unionization push 'threaten our jobs and the values we live by'

Quartz

qz.com › uaw-mercedes-volkswagen-republic-governors-1851414402

The leaders of six southern states are seeking to stand athwart the United Auto Workers’ big unionization drive in southern factories. The Republican governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas together wrote a joint statement decrying the UAW’s push to represent workers deep in…

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The Dow is hesitating as the Fed announces it may delay rate cuts due to inflation

Quartz

qz.com › dow-jones-rate-cuts-inflation-federal-reserve-1851414249

After surging on Tuesday morning, the Dow tapped the brakes in the afternoon as the Fed said it needs more time to deal with stubborn inflation—which means interest rate cuts are likely to be delayed. In an address to a policy forum on U.S.-Canada economic relations, Fed Chair Jerome Powell said that recent economic…

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Super Micro Computer stock is spiking after an analyst said it can hit $1,500

Quartz

qz.com › super-micro-computer-stock-price-analyst-ai-hardware-1851413881

Super Micro Computer stock rallied on Tuesday after a Wall Street analyst hiked his price target on the shares from $600 all the way to $1,500. Shares in the AI hardware were up more than 7% in late-afternoon trading, making Super Micro Computer the day’s best performing stock in the S&P 500. It was added to the index…

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Rivian is directing drivers to chargers that actually work

Quartz

qz.com › rivian-charging-station-nacs-1851413793

Charging in the U.S. sucks. It’s getting better thanks to some massive new investments, but it’s still incredibly common to show up at a charge site and find the only available charger is broken. The Tesla Supercharger network is currently the best in the business, which helps explain why every automaker decided to…

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