Yahoo Finance Plus July 11 (Reuters) - Electric vehicle maker Rivian Automotive is planning to cut around 5% of its total workforce, Bloomberg News reported on Monday, citing people familiar with the matter.
Rivian declined to comment, when contacted by Reuters. (Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)
The market is unstable. Your portfolio doesn’t need to be.
Michael Burry, who bet on the collapse of subprime mortgages ahead of the 2008 financial crisis, is worried about the economy.
Many semiconductor stocks slumped this year as investors fretted over concerns about slowing sales of PCs and smartphones, the potential overproduction of chips in response to the global chip shortage, and more conservative enterprise spending in a tougher macro environment. As a result, the Philadelphia Semiconductor Sector index has declined about 24% this year as the S&P 500 retreated just 12%.
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what the “real” inflation rate is—more on that below). Meanwhile, your ability to earn a guaranteed rate of return on risk-free investments, regardless of what happens to inflation, actually went up.
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
On Friday, five of China's biggest state firms announced their exit from Wall Street. More delistings could be on the way as Washington and Beijing remained embroiled in a dispute over audit rules for U.S.-listed Chinese companies.
The famous billionaire investor is betting on Tesla and Ford, two of the contenders for the throne in the market of electric vehicles.
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
Western sanctions have ‘limited impact’ on Putin regime, warns International Energy Agency GDP fell by 0.1pc in second quarter, first decline since early 2021 FTSE 100 adds 0.5pc Ambrose Evans-Pritchard: The next PM should not be bounced into stupid energy policies by this mood of near hysteria Sign up here for our daily business briefing newsletter
The super investor sees softness. But is sticking to her guns.
In this article, we discuss 10 Chinese stocks investors are shorting. If you want to skip our discussion about the turmoil in the Chinese economy, go directly to Investors are Shorting These 5 Chinese Stocks. NIO Inc. (NYSE:NIO), KE Holdings Inc. (NYSE:BEKE), and TAL Education Group (NYSE:TAL) are some of the stocks that investors are […]
Upstart Holdings' (NASDAQ: UPST) stock price tumbled 12% on Aug. 9 after the online lending company posted its second-quarter earnings report. Instead, it acts as an intermediary for its lending partners, which then fund the actual loans and pay Upstart fees for accessing its platform.
Profit warnings from Nvidia and Micron have sent a chill through chip stocks, but the long-term opportunity is still intact.
Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of what it used to be.
Where can you find extremely high-quality dividend stocks with high yields? Starting with this list of Dividend Aristocrats and narrowing it down to the higher-yielding ones can produce truly great dividend stocks. Below, we'll take a look at the three highest yielding Dividend Aristocrats now.
Strong crude oil prices have once again brought investors' attention to energy stocks that have long been underperforming. The West Texas Intermediate crude oil price has largely been above $90 per barrel since the beginning of March. Here are two stocks that have delivered solid dividend growth consistently over the years, irrespective of oil prices.
I'm holding $300,000 in cash that I plan to put into a new home. With the market as it is, I'm putting off that purchase for six to nine months. I'm 66 years old, single and plan to retire within … Continue reading → The post Ask An Advisor: Where Should I Stash Short-Term Savings? appeared first on SmartAsset Blog.
The latest analyst coverage could presage a bad day for Lucid Group, Inc. ( NASDAQ:LCID ), with the analysts making...
SNDL Inc. (NASDAQ: SNDL) ("SNDL" or the "Company") reported its financial and operational results for the second quarter ended June 30, 2022. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. All results for the second quarter of 2021 exclude the subsequent acquisitions of Inner Spirit Holdings ("Spiritleaf") and Alcanna Inc. ("Alcanna"), which closed on July 20, 2021, and March 31, 2022, respectively.
These are the top trending tickers on Yahoo Finance after-hours on Aug. 12.
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