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Archer Aviation, with United Airlines, wants to fly New Yorkers to the airport

Shares of electric air taxi company Archer Aviation surged more than 7% Thursday morning following an announcement that the company is planning an NYC network in partnership with its investor United Airlines.

Using Manhattan helipads, the service would shuttle customers to JFK, Laguardia, Newark, and a few smaller regional airports.

Archer’s promise: to reduce long, congested rides to NYC airports to between five and 15 minutes (as long as you’re really close to one of the helipads in the first place). Air taxi Blade, which we discovered actually does more business as an organ-transport business, also provides airport transfer service.

Archer announced a similar plan in partnership with Southwest Airlines in California last year, and in 2023 struck a deal with Stellantis to mass produce its vehicles. It’s also said it plans to be “at scale” for the LA Olympics in 2028.

First the company will need its Midnight taxi — an electric vertical takeoff and landing (eVTOL) aircraft that seats five, including a pilot — to receive all the necessary certifications.

Archer’s promise: to reduce long, congested rides to NYC airports to between five and 15 minutes (as long as you’re really close to one of the helipads in the first place). Air taxi Blade, which we discovered actually does more business as an organ-transport business, also provides airport transfer service.

Archer announced a similar plan in partnership with Southwest Airlines in California last year, and in 2023 struck a deal with Stellantis to mass produce its vehicles. It’s also said it plans to be “at scale” for the LA Olympics in 2028.

First the company will need its Midnight taxi — an electric vertical takeoff and landing (eVTOL) aircraft that seats five, including a pilot — to receive all the necessary certifications.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

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