US FAA shifts gears on certifying future flying taxi pilots
The Federal Aviation Administration said that it had shifted course on its approach to approving pilots of future electric vertical takeoff and landing aircraft but does not expect it would delay certification or operational approvals. The eVTOL aircraft have been touted as air taxis that could be the future of urban air mobility. The low-altitude […]
Ford sells shares in EV maker Rivian for $214 MLN
The U.S. automaker said that Ford Motor Co sold eight million shares of electric-car maker Rivian Automotive Inc for $214 million, or $26.80 apiece. Ford now holds nearly 94 million shares, or a 10.5% stake, and is still the fourth-largest shareholder in the Irvine, California-based company. Rivian is struggling in a competitive market, including competition from Ford’s […]
Fed’s Waller says now is the time to hit it on raising rates
Federal Reserve Governor Christopher Waller said that it is time to “hit it” on raising interest rates to deal with inflation that is too high and a labor market, with nearly two open jobs for every job seeker, that is out of whack. Waller told the Economic Club of Minnesota that it is time to […]