Tesla Inc. reported record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced over 365,000 vehicles in the just-completed third quarter, and made more than 343,000 deliveries. That was a significant rebound from the second quarter, when it reported nearly 259,000 vehicles built and 255,000Continue Reading
Climate provisions in the Inflation Reduction Act put the U.S. back on track toward significant emissions reductions, potentially reducing greenhouse gas output by 40% of 2005 levels. But one miner warned that when it comes to the transportation sector, domestic resources for lithium, the most critical mineral used for electricContinue Reading
Landing a job right after college can be a stress-inducing experience for new grads, to say the least. From countless interviews and applications to choosing what city to live in to figuring out the starting salary, the process can seem daunting and difficult. Leave it to Walmart to try toContinue Reading
Text size Dreamstime Semiconductor stocks have soared over the last few quarters, driven higher by robust demand for chips amid a global supply shortage. But the tide may be turning for semiconductor manufacturers, warned Truist analyst William Stein. “On Wednesday afternoon we learned of a sudden negative shift in demandContinue Reading
An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected. Rivian Automotive Inc. lost more than $2 billion in the fourth quarter, saying that supply-chain disruptions and other problems continued to plague its assembly line. Rivian RIVN, -6.35% said late Thursday it lostContinue Reading
According to Bloomberg data, US corporations participated in $2.5 trillion worth of takeovers in 2021. This easily beats the prior record of $1.96 trillion achieved in 2015. So that will be tough to beat, but it looks like 2022 will be another year of brisk business. On a historical basis,Continue Reading
Shares of Canadian cannabis corporation Tilray Inc. jumped 26% Wednesday, soon after the firm posted a surprise revenue for its fiscal fourth quarter, in its first earnings report due to the fact it closed its merger with Aphria Inc. in May possibly. The freshly blended business TLRY, +26.94% TLRY, +24.77%, theContinue Reading
(Bloomberg) — China’s shift to rein in two of the most potent company developments of the past decade — the rise of information-hungry tech titans and the flood of Chinese listings in the U.S. — is rippling by means of marketplaces as investors brace for a new era of tighterContinue Reading
Hindenburg Analysis, an expense exploration business with a concentration in activist quick-offering which also publishes reviews on alleged fraud by other firms, has picked DraftKings (DKNG) as its future target. Shares are down close to 7% in pre-market place soon after Hindenburg declared that it would be having a limitedContinue Reading