Just a few months ago, the market was worried about Rivian . The company has disclosed it lost $33,000 on every electric truck it sold, laid off hundreds of workers , and said it expects to take a $2.7 billion hit this year. Read more...
Southwest Airlines dropped its expectations for the second quarter as it struggles to manage its revenues amid changing flyer preferences. Read more...
A federal judge on Tuesday rejected a $30 billion settlement reached between credit card giants Visa and Mastercard and U.S. merchants, as a nearly two-decade battle over so-called swipe fees continues. Read more...
Kevin Gordon, Senior Investment Strategist with Charles Schwab & Co., spoke with Quartz for the latest installment of our “Smart Investing” video series. Read more...
Chipotle Mexican Grill’s stock was up 2.8% to $3,283 at market close Tuesday on the eve of the company’s historic stock split. The burrito chain’s 50-for-1 stock split is considered to be one of the biggest splits in the history of the New York Stock Exchange. Read more...
"We believe that a second Trump term would have a negative impact on the US's economic standing in the world, and a destabilizing effect on the US's domestic economy," the economists wrote in a letter.
Rivian Automotive and Volkswagen Group are joining forces as they look to develop software technology that will help drive their production of electric vehicles. Read more...
Dozens of delivery bikes parked outside The Roosevelt Hotel have been cleared away by NYPD as part a stepped-up crackdown on unregistered and illegal mopeds and e-bikes.
Nvidia’s shares were up over 5% during mid-day trading on Tuesday, after slipping Monday , putting it back behind Microsoft and Apple, which it had briefly passed to become the most valuable company in the world . Read more...
Both recall notices impact more than 11,000 Cybertrucks. In both cases, Tesla will make the repairs free of charge and owners will be notified by Aug. 18.
Prices increased 6.3% nationally in April when compared with the previous year, the S&P CoreLogic Case-Shiller index showed and 0.3% on a monthly basis.
The settlement announced in March was intended to resolve most litigation that began in 2005 over so-called swipe fees, also known as interchange fees, that merchants pay to accept Visa and Mastercard, and which the card networks set.
As climate change increases pressure on the airline industry to reduce greenhouse gas emissions, some of the costs of doing so are being passed on to consumers. German airline Lufthansa announced Tuesday that it would begin charging an “environmental cost surcharge” to help