HighDemand

Rivian Shares Falter Following the Recall of Almost all its Vehicle

Rivian Automotive (NASDAQ: RIVN) announced the recall of over 12,000 vehicles on Friday, in order to verify that a fastener in the vehicles’ steering assembly was tightened properly. The stock plummeted more than 7% after the U.S. markets opened on Monday. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”RIVN” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”RIVN” range=”1mo” interval=”1d” axes=”true” …

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Cathay Pacific Facing Staffing Shortages According to Top Union in Hong Kong

Hong Kong’s lead airline Cathay Pacific (OTCMKTS: CPCAF) is struggling with “unprecedented” staff shortages and may not be capable of handling a rise in demand, as the city rolls back restrictions and allows international travel. Nevertheless, the end of Hong Kong’s two-year quarantine has brought relief to Cathay, which at one point had slashed capacity …

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American Airlines Ends Service in Three US Cities due to Pilot Shortage

American Airlines (NASDAQ: AAL) has opted to end service in three cities this fall amid a shortage of pilots within the industry. The move is the latest of many disruptions within the airline industry as cancellations and schedule cuts continue to occur. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”AAL” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”AAL” range=”1mo” interval=”1d” …

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Nordstrom Raises Full-Year Outlook Amid Strong Q1 Results

Nordstrom (NYSE: JWN) reported positive first-quarter results on Tuesday, detailing continuous demand as consumers buy designer brands and shoes. The company now forecasts that 2022 revenue and credit card sales will rise anywhere from 6% to 8%, higher than its previous estimated range of 5% to 7%. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”JWN” api=”yf”] [stock_market_widget type=”chart” …

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JetBlue Presents Flight Attendants $1,000 Attendance Bonuses

JetBlue Airways (NASDAQ: JBLU) is set to offer its flight attendants a USD1,000 bonus if they don’t call out from work beginning Friday through the end of May, as it strives to secure staffing levels throughout a boost in travel demand. Flight attendants will also be given a USD100 bonus for taking on open trips, …

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DuPont Shares Surge on Strong Earnings Report

DuPont (NYSE: DD), an industrial materials company, shares rose during pre-market trading Tuesday amid news of better-than-expected earnings, a dividend increase, and a stock buyback program. The company has also cut back with asset sales in order to focus on fast-growing areas like the electronics industry. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”DD” api=”yf”] [stock_market_widget type=”chart” template=”basic” …

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Ford Set to Double F-150 Lightning Production

Ford Motor (NYSE: F) announced plans to practically double annual production capacity for its electric F-150 pickup to 150,000 vehicles per year by 2023, amid rising demand. The move is a positive sign for electric vehicles and indicates how much Ford underestimated demand for the trucks as it strives to boost the manufacturing of the …

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