The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
In 2016, Page invested in two flying car start-ups. One of those was Kitty Hawk, which is developing Cora.
Last year, the company released footage of a prototype aircraft that flew over water and was all-electric.
Now the company is pushing forward with making the flying cars a reality. In the video in which Kitty Hawk unveiled Cora, the company said it is working with the New Zealand government to commercialize its air taxis.
Cora is completely autonomous, can travel at 150 kmh (93 mph), and is all-electric with a range of 100 kilometers. It also takes off and lands vertically so doesn't need a runway to operate.
Megan Woods, minister for research, science and innovation for New Zealand, said that Kitty Hawk's Cora fits in with the country's aim of having net zero emissions by 2050.
Kitty Hawk is operating in New Zealand as Zephyr Airworks.
"New Zealand's Central Aviation Authority has the respect of the worldwide regulatory community. A people who embrace the future. And a dynamic economy that could serve as a springboard for Cora," Kitty Hawk explained in a press release Monday.
The company did not give a timeline for when the autonomous taxi service could be running, but Kitty Hawk CEO Sebastian Thrun told CNBC in an interview earlier this year, that they could take to the skies within five years.
New Zealand is seen as being one of the most progressive when it comes to the future of aviation. Dubai in the United Arab Emirates is another place that is looking into the idea of flying taxis.
Kitty Hawk is not the only company developing flying taxis however. Chinese firm EHang is developing an all-electric passenger drone, Airbus launched its first successful flight of its self-piloted flying car in February, and Uber is working with NASA to make its flying vehicle project a reality.