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 had forecast a loss of 92 cents per share on revenue of $990 million. Pinterest — Shares tumbled 11% after the
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s 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 expected Revenue: $874 million vs. $990 million expected Rivian said it now expects adjusted earnings before interest, taxes, depreciation, and amortization of between a
Australian Prime Minister Anthony Albanese announced Thursday what he called a “world-leading” plan to implement a social media ban for all children under the age of 16. While much of the detail of the proposed legislation has yet to be made clear, the Australian leader said at a news conference that the bill involves an age verification process where “the onus will be on social media platforms to demonstrate they
High end Porsche 911 Carrrera GTS car parked outside the Chanel store on Bond Street on 16th October 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. Foreign Investors for Britain, a lobby group comprised
What you need to know: In coordination with Invesco Indexing LLC, Nasdaq and Invesco have jointly decided to transition administration of the indexes and dissemination of the index data to Invesco. Effective after the close of business on Friday, December 29, 2023, Nasdaq will cease the calculation and dissemination of the following indexes: BS Investment Grade Corporate Bond 2024 TR Index (Symbol: BSCBO) BS Investment Grade Corporate Bond 2025 TR
By Deena Beasley and Leah Douglas (Reuters) – Farm workers who have been exposed to animals with bird flu should be tested for the virus even if they do not have symptoms, the U.S. Centers for Disease Control and Prevention said on Thursday. The change to the agency’s testing recommendation comes as the U.S. Department of Agriculture is also expanding its testing of milk for bird flu, signaling concern by
By Akash Sriram and Abhirup Roy (Reuters) -Rivian stuck to its forecast of achieving gross profit in the fourth quarter even as it reported its first drop in quarterly revenue hurt in part by shortage of a component. Shares of Rivian (NASDAQ:) rose nearly 2% as the Irvine, California-based company expects to “generate modest positive gross margin” in the current quarter helped largely by cost cuts, and higher revenue per
Generation X could be the first group to be worse off than their parents in retirement. Source link
A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump. Bitcoin hit new all-time highs as Trump prevailed over Democratic challenger Kamala Harris. “So crazy! After BTC hit
A police chief in South Carolina says there is no “almost no danger” to the public after 43 monkeys escaped from a compound used for medical research Source link
