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.
Job vacancies and layoffs edged lower in June, according to a report Tuesday that points to a stable labor market.Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million in May, the Labor Department said in its monthly Job Openings and Labor Turnover...
Bob and Terri Wood, of Mobile, Alabama, with their grandson.Courtesy: Bob WoodBob Wood, 66, has been thinking of selling his home in Mobile, Alabama. The finance professor and his wife, Terri, purchased the 5,000-square-foot house with a pool nearly a decade ago. "It's probably time to downsize," he said....
A new report shows so-called Peak 65 women are more than twice as likely than Peak 65 men to purchase an annuity if recommended by their financial advisor. Excuse us for asking, but why isn’t this substantial deviation piquing more advisors’ interest? According to a study out Tuesday from the Alliance...
A review of 401(k)s shows account balances that are emblematic of widening wealth inequality among older Americans, the Government Accountability Office said in a report Thursday to Congress. The account type, which is often championed as an important savings tool for the middle class, is utilized far more by those...
Artistgndphotography | E+ | Getty ImagesWhen it comes to retirement savings, the gap between the haves and the have-nots has widened, according to a new report from the Government Accountability Office.The median retirement account balance for high-income households was nine times that of middle-income households in 2019 — $605,000...
A man has been charged by the SEC for misappropriating millions of dollars invested by people who believed they would become ‘rich’ from cryptocurrencies. Richard Heart, also known as Richard Schueler, and three entities he controls are accused of selling unregistered securities, namely crypto assets that raised $1 billion from...
By Richard Scott, Group Vice President Asia Pacific, Informatica Australian banks have had an unsettling year. Global instability in the financial services sector combined with the nation’s cybersecurity and Privacy Act reforms are putting more pressure on banks with regard to how they manage and use data. At the same time,...
