Hertz results show revenue increase with strong rental car demand
Demand for rentals remains strong as more companies mandate work from office and people resume their travel plans after a long pandemic-induced hiatus.
‘On a roll,’ Universal’s theme parks set earnings record
Universal parent company Comcast’s executives are hopeful this year’s sizeable theme park investment will pay off as the division set an earnings record last quarter and the company’s international theme parks “roar” back from COVID restrictions.
Sonic Automotive Q1 net income drops 51%
Sales at Sonic Automotive’s EchoPark brand rose 34 percent in the first quarter, but the auto retailer saw lower gross profits per new and used retail vehicles, as well as lower sales volume from its franchised dealerships.
Tesla price cuts threaten image as a tech leader
CEO Elon Musk says the EV maker is trading profit for volume, a common tactic in the auto industry. But the deep price cuts are undermining claims that Tesla is primarily a tech firm.
Space tourism could be back soon for Virgin Galactic after latest test flight
When Virgin Galactic founder and billionaire Richard Branson beat competitor Blue Origin to the punch with a short flight into space nearly two years ago, it looked like it might begin to knock out tourism missions for its vast list of customers. Its rocket-powered spaceship hasn’t returned since, but after a test flight this week, the company declared it’s on track to get back to business.