Rivian's crucial R2 EV launch to begin with $58,000 model in spring
Rivian will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday.
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Oil taps $101 as Iran dramatically changes strategy and IEA calls conflict biggest supply disruption in history
Worries come despite International Energy Agency members agreeing to release the largest ever amount of oil from emergency supplies.
Salesforce makes a big splash in the debt market so it can quickly buy back 14% of its stock
The software giant will conduct $25 billion worth of accelerated share repurchases after management previously signaled that the stock is too cheap.
Stellantis taps Toyota, Bosch suppliers for hybrid technologies for new Jeeps
Jeep maker Stellantis is leaning on technologies from automotive suppliers for its newest hybrid vehicles, CNBC has learned.
Dow futures down nearly 500 points as oil prices continue to climb
Investors receive a few more updates related to the oil market Wednesday evening
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Why the IEA’s largest-ever release of oil reserves is pushing up crude prices
The largest-ever release of oil from the International Energy Agency’s emergency stockpiles lifted prices for the commodity up by nearly 5% on Wednesday.
Spirit Airlines to recall furloughed pilots to combat attrition as carrier eyes bankruptcy exit
Spirit Airlines is reversing course on pilot furloughs after aviators left in high numbers for rival airlines.
Uber’s stock rises as new Amazon robotaxi partnership is ‘a positive surprise’
Amazon’s Zoox still needs regulatory approval to use its custom-built robotaxis for commercial service
