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RIVIAN FINANCIAL RESULTS
Why Nvidia, Intel and Pinterest crashed today while Rivian and Palantir surge big - AI disruption fears shake US stock marketRivian stock jumped 24% to $17.38 today. Palantir gained 1%. But Nvidia fell 0.75%. Intel slipped 0.88%. Pinterest crashed over 20% after w...- Mass layoffs hit Amazon, UPS and Target, but the real reason has nothing to do with AIMajor companies including Amazon, UPS, and Target are cutting thousands of jobs. This is primarily due to rapid past hiring and internal re...
- Rivian stock soars 15% after strong Q3 results and upcoming R2 SUV plansRivian shares jumped after the company reported strong Q3 results. Revenue and vehicle deliveries increased, and the company made a small p...
- Tesla Q3 deliveries hit record 497,099 cars as US EV tax credit endsTesla’s Q3 deliveries were very strong, hitting a record 497,099 cars. Sales were boosted by the end of the US federal EV tax credit. Produ...
- Rivian stock rallies 8% on Fed hopes and Q2 gains — U.S. sales hit 10-month high, but is RIVN’s EV surge real or just hype?Rivian stock jumped 8% after the Fed hinted at possible rate cuts and the company reported its Q2 results, showing U.S. sales hitting a 10-...
- Dow registers record high close as US jobs data eases economic worriesThe data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief marke...
- Volkswagen is reeling in China. Can EVs help it grow in the US?The world's second-largest automaker faces a vexing landscape of challenges in Europe, the U.S. and especially China, where domestic EV mak...
- Why Elon Musk may not drive Tesla to India anytime soonTesla delays new factory investments, focusing on capex efficiency. Model 2 launch canceled, Musk hints at new models. Rivian shifts to pro...
- Rivian CEO says bond issue does not reflect concerns about EV maker's financial healthElectric vehicle maker Rivian's recent bond issuance was aimed at bolstering its balance sheet ahead of potential geopolitical risks that c...
- Wall St ends higher with earnings poised to ramp upCompanies scheduled to report earnings this week include Tesla and Netflix, while more big banks in the form of Bank of America, Morgan Sta...
- US stocks gain as fresh earnings awaitedThe Dow Jones Industrial Average rose 92.24 points, or 0.27%, to 34,601.27, the S&P 500 gained 17.05 points, or 0.38%, to 4,522.47 and the ...
- Tesla's first electric pickup has rolled off the assembly line, company saysThe company tweeted a photo on Saturday showing scores of workers in helmets and yellow vests surrounding the truck.
- Wall Street ends lower, pausing rally as Powell testimony loomsUS stocks closed lower as investors took profits following a sustained rally amid concerns of weakening global demand. The sell-off followe...
- Amazon posts 2Q loss but revenue tops estimates, stock jumpsAmazon lost USD 2.03 billion, or 20 cents per share, in the three-month period ended June 30, driven by a USD 3.9 billion write-down of the...
- Amazon's net loss prompts query: Has it built too many warehouses?The world's largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation ...
- Amazon reports rare quarterly loss as online shopping slowsAmazon reported a loss of $3.84 billion, or $7.56 a share, for the first three months of the year. A year ago, it reported a profit of $8.1...
- Equity-raising drought costs US banks $4.6 billion in revenueAs per Dealogic statistics, there was no conventional initial public offering in the US between February 17 and March 14, the longest droug...
- Amazon hikes Prime membership fees in US as wages, costs riseShares rose as much as 17% in extended trade as Amazon also beat profit expectations for the holiday season. If shares increase on Friday b...
- Amazon's strong Q4 numbers spark 17% rally in stockFor the holiday quarter, Amazon earned $14.3 billion, double its net income from a year earlier. That included a pre-tax gain of $11.8 bill...
- Can a green economy boom town be built to last?The electric vehicle boom is something of a microcosm for the larger transition to a low-carbon economy: As governments and investors funne...
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