Rivian Automotive Inc
Stocks making the biggest moves premarket: Disney, Airbnb, Rivian, Amgen and more
Check out the companies making headlines before the bell. Disney — Shares were down about 1% after the media giant reported quarterly results that beat analyst expectations, thanks in part to strong performance at its streaming unit. The company earned $1.39 per share, excluding items, on revenue of $23.16 billion. Analysts expected a profit of […]
Read More
Stocks making the biggest moves after hours: Airbnb, Super Micro Computer, Tripadvisor, Wynn Resorts and more
Check out the companies making headlines in midday trading. Airbnb — The online booking company plunged 13% after second-quarter earnings missed Wall Street estimates. Airbnb reported earnings of 86 cents per share, while analysts polled by LSEG were looking for 92 cents. The company also said it’s seeing signs of slowing demand from its U.S. […]
Read More
Rivian tops Wall Street’s second-quarter expectations amid cost cuts
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company […]
Read More
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice
2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s […]
Read More
Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more
Check out the companies making headlines in midday trading. Lamb Weston –The potato and French-fry company tanked 27% after issuing a disappointing report for the fiscal fourth quarter. Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on […]
Read More
Tech founders are shunning IPOs after extended marketplace lull, study finds
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Pictures Silicon Valley is recognized for manufacturing tech companies that start out in garages and flip into enormous publicly traded organizations ubiquitously acknowledged across the world. From Oracle and Microsoft to Google and Facebook, the […]
Read More
Rivian investor day focuses on cost reductions, efficiencies and next-generation EVs
A Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn’t enough to build on the company’s significant share growth this week. Shares of the all-electric vehicle startup fell by about 2% to 6% for much of the event, eating into some of its 23% gain […]
Read More
CNBC Each day Open: Micron slides, Amazon’s $2 trillion
A trader operates on the floor of the New York Stock Exchange (NYSE) in the course of early morning buying and selling on March 4, 2024 in New York Town. Angela Weiss | Afp | Getty Illustrations or photos This report is from present day CNBC Daily Open, our worldwide marketplaces e-newsletter. CNBC Everyday Open […]
Read More
Shares generating the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and much more
Look at out the providers generating headlines in midday investing: Rivian Automotive — The stock surged much more than 20% adhering to the announcement that the electric car or truck startup secured a $5 billion expenditure from Volkswagen Team. Volkswagen’s initial financial commitment will be $1 billion in the form of a convertible be aware, […]
Read More
Stocks creating the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and more
Look at out the companies generating headlines in advance of the bell. Rivian Automotive — Shares of Rivian Automotive skyrocketed additional than 40% after the electric powered car business secured up to $5 billion in funding from Volkswagen Team. The preliminary financial commitment totals $1 billion, with a further $4 billion expected by 2026. A […]
Read More