United Airlines Is Fined $1.9 Million for Runway Delays

United Airlines Is Fined $1.9 Million for Runway Delays

The Transportation Department said it fined United Airlines Holdings Inc. $1.9 million for violating the department’s rule prohibiting long tarmac delays, the largest fine it has issued for such violations. The department on Friday said its Office of Aviation Consumer Protection found that between December 2015 and February 2021 the airline allowed 20 domestic flights … Read more

Volkswagen Is Pulling Ahead With Electric Vehicles

Volkswagen Is Pulling Ahead With Electric Vehicles

Volkswagen’s ID.4 electric SUV. VW is moving aggressively into electric-battery vehicles. Courtesy of Volkswagen Text size Shares of German car giant Volkswagen tumbled in the past three months over fears that production will be hurt by the global shortage in semiconductors that control the electronic brains of its vehicles, and by supply-chain problems that will … Read more

How Bitcoin is somehow worth more than the paper it’s printed on

How Bitcoin is somehow worth more than the paper it's printed on

Bitcoin and similar blockchain-based cryptos exhibit the same radical divergence from traditional scarcity economics that we first saw when MP3s and Napster cratered physical album sales at the turn of the century. Unlike gold, which derives its value from both its myriad uses in fashion and industry as well as the difficulty involved in extracting … Read more

Scaramucci Sees Institutional Investors Sitting Out Crypto Craze

Scaramucci Sees Institutional Investors Sitting Out Crypto Craze

(Bloomberg) — Headlines aside, the vast majority of money managers remain hesitant about cryptocurrencies and blockchain technology, according to SkyBridge Capital founder and noted crypto booster Anthony Scaramucci. Most Read from Bloomberg The new asset class is dominated by what Scaramucci estimates to be about 10% of the financial-service community, he said in an interview … Read more

Electric Vehicle Checkpoint: Experts Say EV Revolution is Here

Electric Vehicle Checkpoint: Experts Say EV Revolution is Here

The electric vehicle revolution is essentially here. It will be expensive and disruptive. It will create enormous opportunities for investors of every stripe. Real Money contributor Jim Collins believes that it will come in large part from the mainstream market that EVs have so far largely ignored. “Elon Musk can bring on stage a guy in … Read more