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Delta Air Invests $60 Million, Takes Stake In Air Taxi Startup Joby Aviation

Delta Air Lines said Tuesday it invested $60 million in air taxi startup Joby Aviation for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles.

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Delta Air invests $60m in Toyota-backed US air taxi startup Joby Aviation

Delta CEO Ed Bastian said the airline's total investment could rise to $200m.

New yorkUnited statesUnited kingdomEd bastianLos angelesHoneywell internationalUnited airlinesDelta air linesAviation administrationAmerican airlines incJoby aviationChief executive ed bastianCarrier certificationFederal aviation administrationArcher aviationVertical aerospace

Wall Street ends lower on high US inflation data, concerns of steep Fed rate hike

While all three major US equity indexes bounced off lows reached early in the day, and occasionally edged into positive territory throughout the session, they were all red by the closing bell.

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Wall St ends down as hot inflation data raises odds of steep Fed rate hike

Wall St ends down as hot inflation data raises odds of steep Fed rate hike
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Wall Street wavers as hot CPI data stokes rate hike jitters

Wall Street wavers as hot CPI data stokes rate hike jitters
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesNorth carolinaEd bastianChris zaccarelliAmruta khandekarRichard changStephen culpPeter cardilloSinead carewMorgan stanleyFederal reserveLabor departmentTesla incDelta air linesJpmorgan chase co