US Business

Delta reported a $940 million first-quarter loss, but said it returned to profitability during March, despite soaring fuel prices, and expects a profitable second quarter.

Blackwells Capital said that the company hasn’t made enough progress under its new chief executive and that the former leader and his allies still hold too much control.

Carriers and airports struggle to ramp up after cutting jobs and idling planes during the Covid-19 pandemic.

A few industries, like oil-and-gas and aerospace, require large aircraft. Russia’s war on Ukraine has taken most of them out of service, dealing another blow to global supply chains.

The move to temporarily allow the sale of gasoline with 15% ethanol content could lower prices at the pump and pay political dividends for the administration in farming states.

The iPhone maker’s CEO spoke before privacy advocates in Washington, D.C., as legislation is pending in Congress.

The multiyear agreement with commodities firm Glencore is the latest in the auto industry’s race to secure key battery materials.

Manufacturers are having more trouble getting parts delivered because China’s restrictions on movement are making it difficult for trucks to enter the region, analysts said.

U.S. steelmakers are seeking alternative supplies of pig iron as shipments from top suppliers Russia and Ukraine grind to a halt.

The Tesla CEO’s surprise decision not to join Twitter’s board gives the company less control over its largest shareholder, paving the way for him to press for changes and speak out freely as an activist investor.