Month: May 2023
Rivian reports a narrower-than-expected quarterly loss, reaffirms EV production target
Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it’s still on track to meet a 50,000-vehicle production target for 2023. Shares were up about 4% in after-hours trading following the news. Here are the key numbers from Rivian’s first-quarter earnings report, together with consensus Wall […]
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Airbnb drops 10% immediately after earnings report offers cautious outlook for Q2
Brian Chesky, CEO of Airbnb talking on CNBC’s Squawkbox on May perhaps 4th, 2023. CNBC Shares of Airbnb fell as significantly as 10% in extended buying and selling Tuesday inspite of to start with-quarter earnings that beat analyst estimates on best and bottom line, as it offered marginally weaker-than-expected advice and a careful outlook for Q2. Here’s […]
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Stocks making the biggest moves midday: Palantir, Novavax, Under Armour and more
A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Palantir – […]
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Nikola exits European joint venture to focus on hydrogen trucks in North America
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Tuesday that it’s “refocusing the company on North America” as it exited a European joint venture with its chassis supplier, The news came as the company reported its first-quarter results. Here are the key numbers, together with Wall Street estimates as reported […]
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Breast cancer screenings should start at age 40 instead of 50, U.S. panel says
Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images Most women should get screened for breast cancer every other year starting at age 40, a decade earlier than previously recommended, according to draft guidelines issued Tuesday by a government-backed panel of […]
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Baffled about the debt ceiling? Here is what you need to have to know
An inverted image of the U.S. Capitol is reflected in puddle on the East Entrance on Tuesday, May perhaps 9, 2023. (Tom Williams/CQ-Roll Get in touch with, Inc by way of Getty Illustrations or photos) Tom Williams | Cq-roll Simply call, Inc. | Getty Visuals The White Residence and Republicans in Congress are mired in […]
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FBI normally takes down Russian malware community that attacked allies, journalist pcs
Taxis transfer past the headquarters of Russia’s Federal Stability Companies (FSB) in central Moscow on May 12, 2022. Natalia Kolesnikova | Afp | Getty Photographs The Federal Bureau of Investigation disrupted a Russian government-managed malware network that compromised hundreds of desktops belonging to NATO-member governments and other Russian targets of desire, which include journalists, the […]
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Gilead Sciences defeats U.S. government lawsuit alleging HIV drug patent violations
The logo of Gilead Sciences pharmaceutical company is seen in Oceanside, California, April 29, 2020. Mike Blake | Reuters A Delaware federal court jury on Tuesday cleared Gilead Sciences of civil claims by the U.S. government that the company violated patents held by the Centers for Disease and Prevention for an HIV prevention drug. The […]
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A.I. will transform the face of Microsoft and double cloud earnings, Bernstein says
Artificial intelligence is revolutionizing how providers run, and that could have important implications for Microsoft ‘s cloud company, in accordance to Bernstein. As Microsoft launches new offerings and much more people undertake the cloud, Bernstein expects the firm’s cloud revenue to far more than double. At this time, AI offerings touch about 42% of the […]
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Fed’s John Williams claims charges could be greater if inflation won’t appear down
John Williams, Main Executive Officer of the Federal Reserve Lender of New York, speaks at an function in New York, November 6, 2019. Carlo Allegri | Reuters NEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that curiosity rate raises will choose a even though to operate their way via the […]
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