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EcoCeres aims to go public by year-end, sources say Bain plans to sell down part of its stake, sources say Company turns used cooking oil into sustainable aviation fuel (Adds details throughout) By Julie Zhu and Yantoultra Ngui HONG KONG, Sept 24 (Reuters) — EcoCeres, a Hong Kong-based producer of renewable fuels backe
Oil near $100 a barrel would normally look like the beginning of an economic problem. Instead, the U.S. stock market is near records, artificial-intelligence investment remains robust and economic growth is holding up. That contradiction may be the most important feature of the current energy crisis. Bank of America co
United Airlines says it is tightening capacity and cutting marginal December routes as jet fuel costs rise because fuel is now unhedged. The airline plans to offset pressure with premium A321XLR East Coast–Europe services, Starlink, 4K seatback upgrades, and higher co-brand card revenue.
As tensions between Washington and Tehran continue to escalate, Iran’s Parliament Speaker Mohammad Bagher Ghalibaf said the U.S. cannot pressure Iran through the Strait of Hormuz without facing blowback, as tensions between Washington and Tehran escalate. Petrodollar Ponzi, IOU Casino In a post on X on Sunday, Ghalibaf
This week has been a rollercoaster ride for the business world. From airlines grappling with fuel price hikes due to the ongoing Iran war to Tesla Inc. (NASDAQ: TSLA ) facing regulatory scrutiny and revised delivery forecasts, there’s a lot to unpack. Let’s dive into the top stories of the week. United, American Airlin
As the war in Iran continues to drive volatility in global oil markets, the aviation sector is also feeling the heat from higher fuel costs. Now, United Airlines Holdings Inc. (NASDAQ: UAL ) and American Airlines Group Inc. (NASDAQ: AAL ) signal that capacity cuts could follow. United CFO Says Some Routes Don’t Make Se
Navan said total GBV rose 45% year over year to more than $3 billion in Q2 2027. The company said it exceeded expectations for revenue and non-GAAP operating income and raised its full-year outlook.
American Airlines Group Inc. (NASDAQ: AAL ) shares traded lower Thursday after the carrier reported second-quarter 2026 results that beat analyst expectations but cut its full-year earnings outlook. Adjusted EPS of 15 cents topped the 3-cent estimate, while record revenue rose 16.3% to $16.735 billion, beating the $16.
GE Aerospace (NYSE: GE ) delivered another blockbuster quarter Thursday, raising its full-year guidance after reporting double-digit growth across orders, revenue, earnings and free cash flow. But CEO Larry Culp used the second quarter earnings call to send investors a different message: the hard part isn’t over. In fa
United Airlines Holdings Inc. (NASDAQ: UAL ) stock fell in premarket trading Thursday after the carrier warned that higher fuel costs and capacity constraints are expected to weigh on near-term results, even as it reported second-quarter earnings and revenue above Wall Street estimates. Earnings Top Estimates United re
Airlines are accelerating capacity and fleet measures due to increased kerosene costs and labor disputes