United Airlines Will Take Biggest Hit From EU’s Travel Ban on Americans

EU travel limits on Americans will hit United Airlines harder than other major airlines. Nearly a fifth of United Airlines’ revenues come from Atlantic flights. Europe contributes nearly 30% of the carrier’s net income. The EU has excluded the U.S. from the list of “safe countries” whose citizens are allowed to travel to the bloc. …

Tesla Will Top Toyota as World’s Largest Automaker, But It Won’t Last Long

Tesla’s valuation is now within 5% of Toyota Motors, the gargantuan player in the space. The electric-car company will likely de-throne Toyota soon. However, one indicator suggests Tesla may take a breather first. Markets have a love-hate relationship with Tesla Motors (NASDAQ:TSLA). The electric car maker is either a market darling or out of favor. …

The U.S. Housing Market Is Heating Up

House prices rose by 4.7% annually in April, despite a steep plunge in home sales. The rise adds to recent data indicating a recovering U.S. housing market, and potentially a wider economic recovery. That said, rising home prices and recovering sales figures point to a depressing trend for many prospective buyers. Home prices rose by …

Ubisoft Steals Fortnite’s Thunder With New Battle Royale Game

Ubisoft is preparing to release a battle royale game, sources reveal. Called Hyper Scape, the game is a futuristic first-person shooter set in a virtual world. The game could become the next big Fortnite competitor. Tweets published by esports journalist Rod “Slasher” Breslau Monday revealed that Ubisoft is developing a battle royale game. The title, …

Elon Musk Has Every Reason to Be Absolutely Terrified of Jeff Bezos’ Latest Purchase

The space rivalry between Jeff Bezos and Elon Musk has extended to cars. Amazon’s interests in alternative-energy cars and self-driving vehicle startups are growing by the day. The online retail giant is reportedly eyeing a robotaxi business. Elon Musk’s saltiness over Jeff Bezos’ growing encroachment on his turf is no longer concealable. Hours after it …

Is Apple the Canary in the Economy’s Coalmine?

In February, Apple warned about supply chain disruptions. The uncertainty started a broader market selloff. Last week, Apple announced they were closing some reopened stores in hotspot areas. Are you trying to understand the disconnect between the economy and the stock market? Look no further than Apple (NASDAQ:AAPL). The consumer tech giant has proven remarkably …