How 5G Technology Could Lead to Increased Flight Delays
One in five planes for U.S. flights has not been updated to prevent 5G signals from interfering with the plane's altimeter, which pilots need for landings in bad weather. Starting July 1, when wireless companies are allowed to switch on 5G towers near airports, unequipped planes will not be allowed to land in bad weather, forcing reroutes that could become another source of flight delays.
Ride share competitors Uber and Lyft both posted their fourth quarter earnings days apart from each other. Both companies have been trying to get back on their feet after taking some pandemic-related hits, but the Omicron variant had other ideas as the year came to a close, with each company taking a hit in ridership in December. Lance Ippolito, head trader at The Future of Wealth explains how Uber and Lyft measured up this earnings period and why Uber may still have an edge over the competition.
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
