Rivian can not catch a break. The electric vehicle manufacturer is letting go of 6% of its workforce to cut back on costs as the company failed to meet production goals. CEO RJ Scaringe said Rivian's focus on efficiency needs to be a "core objective," according to an email that employees received and was viewed by CNBC.
The Oracle of Omaha never saw a future in cryptocurrency.
Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.
Ronald Reid was the last person you would expect to be a millionaire. He used safety pins to hold his old coats together and cut his own firewood well into his 90s. He drove a second-hand Toyota Yaris and resisted new purchases. To stay updated with top startup investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter His only real indulgence may have been his daily English muffin and a cup of coffee at the Brattleboro Memorial Hospital in Vermont, where a friend rem
Rule changes living rent-free in your mind? Perhaps it's time for a more passive approach.
Morningstar has put together a list of top dividend stocks held by its 'ultimate stock pickers.'
Investment is down, labor is scarce, budget is squeezed. Oligarch: ‘There will be no money next year’
The firm said it was relocating “immediately” from Washington after the state’s supreme court cleared the way for a capital gains tax.
The markets have been pounded lately by a series of economic shocks, most recently the bank crisis sparked earlier this month by the failure of Silicon Valley Bank. That spread quick fears of contagion, as the crypto-heavy Signature and Silvergate banks also failed – and then the international heavyweight Credit Suisse showed signs of cracking. Economist Mohamed El-Erian warns that we are facing multiple problems simultaneously, and the outlook is grim. “It’s not just a dilemma of inflation vers
Disney might be the happiest place on earth, but one thing's for sure -- it isn't so happy there today. CEO Bob Iger sent out an email to Disney employees on March 27 informing them that the layoffs previously announced in February have begin.
(Bloomberg) -- Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesBanks in France Face More Than $1.1 Billion Fines After RaidsUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverIn a measure that offici
(Bloomberg) -- Of all the stocks that have been supercharged by this year’s artificial intelligence frenzy, Nvidia Corp. stands alone.Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesBanks in France Face More Than $1.1 Billion Fines After RaidsUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverThe key supplier of chips required to power chatbots has more than doubled since hitti
XRP led gains in major tokens on positive sentiment, but might face a sell-off in coming days.
Nvidia stock is working on its third straight daily decline on Tuesday, which has it lower for the week. Earlier this month, I called Nvidia "One of the Best Stocks to Own Right Now" in the midst of the stock rallying almost 24% amid a nine-day win streak. Simply an observation, Nvidia's perception of being one of the best stocks of 2023 is backed up by data.
An oil tanker owned by a major U.S.-traded transportation company appears to be taking on Iranian crude oil in a key Asian maritime strait in violation of American sanctions, an advocacy group alleges. The firm allegedly involved, Euronav, said Wednesday it will “take appropriate action when necessary." Satellite photos and maritime tracking data analyzed by The Associated Press put the Belgian-flagged crude oil tanker Oceania just next to the Vietnamese-flagged tanker Abyss for a possible ship-to-ship transfer.
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkThe firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Ba
Investors need to pay close attention to First Majestic Silver (AG) stock based on the movements in the options market lately.
Penny stocks are controversial, to say the least. When it comes to these under $5 per share investment opportunities, Wall Street observers usually either love them or hate them. The penny stock-averse point out that while the bargain price tag is tempting, there could be a reason shares are trading at such low levels like poor fundamentals or insurmountable headwinds. However, the other side of the coin has merit as well. Naturally, with these cheap tickers, you get more bang for your buck in t
Oil and gas pipeline operators populate many top dividend stock lists due to fee-based contracts and steady cashflows that support high yields. Western Midstream is a top performer in this group, sporting a sizzling 7.9% yield that's set to go even higher next quarter. Western Midstream stores, processes and transports natural gas and crude oil, with operations in Northeast Colorado and Southeast Wyoming's DJ basin and West Texas' Delaware basins.
Tesla and BYD are the world's largest electric-vehicle makers. In 2022, BYD vehicle sales raced far past Tesla's. Among all-battery electric vehicles, or BEVs, Tesla still leads, though BYD is closing the gap. Tesla announced big price cuts in China and key Asian markets on Jan. 6, followed by sweeping discounts in the U.S. and Europe.
Finding S&P 500 stocks that analysts agree on is rare. So when you see nearly unanimous agreement on some, that's quite a statement.
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