Rivian’s VW partnership seen as ‘game changer’ for the company’s prospects
Rivian Automotive Inc. drew praise from at least two analysts on Wednesday as its stock rallied in premarket trades on the electric vehicle maker’s joint venture with German care giant Volkswagen.
YouTube dominates streaming, forces media companies to adapt
It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating the internet, it’s dominating the living room, too. YouTube made up 9.7% of […]
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile. […]
‘She told my grandchildren lies about me so they would despise me’: I’m disinheriting my ungrateful and selfish daughter. Could she contest my will?
“I once complimented my daughter and her partner on a nice plant in their garage and they started laughing, and told me it was marijuana.”
FedEx (FDX) earnings Q4 2024
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter […]
Lower inflation, no recession set stocks up for a summer stunner
Ed Yardeni: Ignore the inverted yield curve — this “Roaring 2020s” market is alive and well.
Volkswagen takes $1 billion stake in EV maker
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes […]
Growth stocks are trouncing value stocks in 2024, even in struggling small-cap universe
The small-cap focused Russell 2000 index is trading well below its record high in 2021.
U.S. auto sales are expected to slow during the second half of 2024
Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada. Scott Olson | Getty Images DETROIT — U.S. auto sales through […]
Delta, United compete to be America’s luxury airline
A Boeing 767 passenger aircraft of Delta Air Lines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on Feb. 7, 2024. Charly Triballeau | Afp | Getty Images Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure […]
