Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue.Here is how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per share: 99 cents adjusted vs. a loss of 92 cents expectedRevenue: $874 million vs....
Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing on both top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG...
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group slightly beat Wall Street's third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV...
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock...
Former U.S. President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center on Nov. 6, 2024.Jim Watson | Afp | Getty ImagesPresident-elect Donald Trump's victory means higher individual taxes, including levies on investments, are less likely for top earners,...
Laylabird | E+ | Getty ImagesMost Americans will have a lower tax burden in retirement than during their working years.However, that may not be the case for some retirees, especially for higher earners and big savers, which could have a significant impact on their financial plans, according to financial...
Walldorf, Germany, November 7th, 2024, FinanceWireBacked by SAP Fioneer technology, Numisma Bank, a global currency distributor of U.S. banknotes, has started their operations. Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. To make Numisma’s objective possible,...
Check out the companies making headlines in midday trading. Dutch Bros — The stock popped more than 32% following the coffee chain's better-than-expected third-quarter results. Dutch Bros earned 16 cents per share on revenue of $338 million for the period, while analysts surveyed by LSEG had penciled in 12...
Check out the companies making...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
The Securities and Exchange Commission on Tuesday barred a former broker, Steven K. Woodard, who was based in Hawaii and allegedly preyed on members of his church in a $6 million scam. The SEC’s action against Woodard, 63, comes just days after it charged Brent Seaman of Naples, Florida,...
A class at Princeton University in New Jersey.Princeton University, Office of CommunicationsWhen it comes to elite college admissions, most expert agree: The Supreme Court's ruling on the affirmative action admission policies of Harvard University and the University of North Carolina could have an immediate effect on who gets in and why.That may...
Recently, Scientific Financial Systems’ founder Peter Millington participated in a timely one hour webinar on leveraging the power of Snowflake’s Snowpark for Python, with an emphasis on applications in Financial Analytics.Sharing the stage with Pete for this event were:Kesav Rayaprolu, Snowflake Sr, OSI Sales EngineerSumit Bhatia, Kipi.bi SVP. Kipi...
Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads "Work Here $15 $15 $15". (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)Medianews Group/reading Eagle Via...
The student loan debt crisis is so significant that a broad array of employers consider student loan assistance a substantial value-add to their employee offerings. Student loan repayment assistance is now becoming a priority for many employers because of the looming expiration of federal student loan forbearance enacted during...
Traders work on the floor of the New York Stock Exchange, June 29, 2023.Brendan McDermid | ReutersGlobal stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top economists say there is nothing to worry about.Fitch announced late on Tuesday that...
When your clients are discussing their retirement plans with you, they may be thinking of relocating outside their current state, but are they planning to make a bad move? Decisions may be driven by several factors including the weather, being near other family members, or simply a long-held desire to...
