Business
Max Knoblauch

Air taxi companies Joby and Archer Aviation take off on Trump’s executive order

Air taxi companies Joby Aviation and Archer Aviation are each up about 10% on Monday following President Trump’s recent executive orders set to boost their businesses.

The orders, issued after the bell on Friday, work to promote the US drone industry and restrict drone flights near sensitive or high-profile locations like oil refineries, amusement parks, and sports stadiums. They also establish a program aimed at speeding up the adoption of air taxi tech, built by companies like Joby and Archer.

It’s been a big year for the electric vertical takeoff and landing (eVTOL) business. Joby recently announced a $250 million investment from Toyota, and Archer (already the “official air taxi provider” of the LA Olympics in 2028) announced an NYC partnership with United Airlines in April. Hyundai, Boeing, and Airbus are all also working on their own air taxi businesses.

Last week, Morgan Stanley estimated the air taxi and broader “low-altitude economy” could “eventually vastly exceed the size of today’s automotive market.” For now, the air taxis being built hold four passengers and a pilot.

More Business

See all Business
business
Max Knoblauch

Ford’s April EV sales climb from March but make up less than 2% of its total sales this year

Ford sold 22% more EVs in April than in March, but the category makes up just 1.7% of the automaker’s total 2026 sales through April. At the same point last year, EVs were about 4% of sales.

The company released its April sales figures Monday morning, with EVs climbing sequentially but still down nearly 25% from last year. Its more popular hybrids were down 5% from March and about 33% from last year.

Overall, Ford posted a 14.4% drop in sales in April from last year. SUVs were down more than 16%, trucks fell more than 14%, and cars (the company doesn’t sell many) climbed 18%.

When it reported its Q1 earnings last week, Ford boosted its full-year guidance for adjusted earnings before interest and taxes to between $8.5 billion and $10.5 billion.

business
Rani Molla

Amazon opens up its supply chain to everyone

Today Amazon unveiled Supply Chain Services, a new business that turns the vast warehousing and logistics network behind its e-commerce empire into a product for other companies — an AWS-style move applied to the physical world.

As Amazon put it: “Any business can now move, store, and deliver everything from raw materials to finished products using the same supply chain that supports Amazon and its independent selling partners.”

That could make Amazon a behind-the-scenes operator for an even wider swath of commerce, expanding its reach beyond its marketplace and helping it capture more of the $1.3 trillion third-party logistics market.

Shares of traditional shipping companies UPS and FedEx fell after the announcement.

Amazon listed Procter & Gamble, 3M, and American Eagle among the logistics service’s first customers.

Introducing Amazon Supply Chain Services: Amazon’s logistics network, now open to every business

Introducing Amazon Supply Chain Services: Amazon’s logistics network, now open to every business

That could make Amazon a behind-the-scenes operator for an even wider swath of commerce, expanding its reach beyond its marketplace and helping it capture more of the $1.3 trillion third-party logistics market.

Shares of traditional shipping companies UPS and FedEx fell after the announcement.

Amazon listed Procter & Gamble, 3M, and American Eagle among the logistics service’s first customers.

Ford Announces Plans For New Electric-Vehicle Battery Plant

Ford’s leaving the door open for a Chinese automaker collaboration, says RBC

US lawmakers have raced to introduce legislation to lock in restrictions on cheaper Chinese vehicles and parts ahead of the Trump-Xi meeting in May.

Max Knoblauch4/30/26
Max Knoblauch
4/30/26
Xbox has “work to do” as console sales drop 33% in Q3

Microsoft said gaming revenue fell by $380 million in the quarter.

Xbox booth
Airlines Cut Flights As Concerns Grow Over Jet Fuel Prices And Shortages

The 6 biggest US airlines spent $1.2 billion more on fuel in Q1, and things are about to get worse

Carriers expect to pay about $4.26 per gallon for jet fuel in Q2, up from $2.80 in Q1.

Max Knoblauch4/28/26

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.
©2026 Sherwood Media, LLC