The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
Airlines still need to invest in the fuel efficiency of their fleets, despite the low price of oil, Airbus' chief operating officer told CNBC on Tuesday.
"The price of fuel is a double-edged sword," John Leahy told CNBC on Tuesday.
Oil prices have declined further since the start of 2016 to around the $31-mark. Low oil prices could deter airlines from investing in newer, more fuel-efficient models, such as Airbus' A320 NEO, but Leahy remained confident that airlines would make investments at a time of higher profits.
"When the price is high, airlines aren't making money but they desperately want new aircraft that they can't afford to pay for. (But) I think they understand that now when the price of fuel is low, they're making record profits and they know that they need to provision for the future and they're placing orders as well for these new fuel-efficient airplanes."
Earlier Airbus said its planemaking division recorded 1,036 net plane orders after cancellations, down 29 percent from 2014, compared with Boeing's tally of 768, a fall of 46 percent.
Despite falling behind rival Boeing in terms of deliveries, Leahy said that it won't take long for the planemaker to catch up.
"I think almost all the orders will be delivered but we don't build the airplanes on speculation."
"We build airplanes to spec so when we increase production it's because we already have legally binding contracts for those aircraft."
In particular, Airbus has experienced a delay in delivering its latest fuel-efficient model, the A320 NEO ( "New Engine Option"), but Leahy said the delay amounted to a matter of weeks.
"We should be delivering the first airplane in a couple of weeks, definitely before the end of January," he said.
Leahy said the company had been "managing the order book relatively well" since 2005. "We're very proud of that, our production has not gone up and down, it has stayed relatively flat and is ramping up quite nicely."