Rivian Stock Surges on Strong 2026 Outlook
Shares jump over 20% after upbeat guidance Rivian shares surged more than 20% in early trading after the electric vehicle maker issued 2026 delivery guidance that met Wall Street expectations and confirmed
Anthropic Raises $30B at $380B Valuation
Second-largest private tech round ever Anthropic closed a $30 billion funding round at a $380 billion post-money valuation, more than doubling its value since September. The raise makes it the second-largest private
McDonald’s Beats as Value Push Pays Off
Quarterly results top expectations McDonald’s reported fourth-quarter earnings and revenue above Wall Street expectations, driven by strong customer response to its renewed focus on value and promotions. The company posted adjusted earnings
Bank of England Rate Cut Expectations Wane Amid Sticky Inflation
Investor confidence in significant rate cuts from the Bank of England (BOE) next year has diminished, with sticky inflation and robust wage growth fueling doubts about aggressive monetary easing. Money markets now
Tesla Hits All-Time High, Driven by Post-Election Rally and Wall Street Optimism
Tesla’s shares soared to a new all-time high on Wednesday, closing at $424.77, surpassing the previous record of $409.97 set on November 4, 2021. The surge was fueled by a post-election rally
Warner Bros. Discovery Restructures Into Linear and Streaming Units
Warner Bros. Discovery announced a significant restructuring plan on Thursday, reorganizing its business into two main units: linear networks and streaming and studios. This strategic move aims to simplify the company’s operations
Big Tech Turns to Nuclear Power to Meet AI Energy Demands
As the artificial intelligence boom accelerates, tech giants like Google, Microsoft, and Amazon are turning to nuclear power to meet the surging electricity demands of their data centers while adhering to carbon-free
Trump’s 2024 Election Victory: Implications for Economy and Markets
The 2024 general election has ushered in a significant shift in U.S. politics, with President-elect Donald Trump securing both the electoral college and popular vote. The Republican Party’s control of the White
GM Records $5 Billion in Charges Amid Struggles in China
General Motors (GM) announced on Wednesday that it will record two significant non-cash charges totaling over $5 billion due to its joint venture operations in China. The charges are linked to restructuring
Stellantis CEO Carlos Tavares Resigns Amid Leadership Disputes
Stellantis CEO Carlos Tavares resigned unexpectedly on Sunday following growing “differences” with the automaker’s board of directors. Stellantis, the world’s fourth-largest carmaker, announced that Tavares’ resignation is effective immediately. The company has
Rivian Secures $6.6 Billion DOE Loan to Expand EV Production
Rivian, the California-based electric vehicle (EV) manufacturer, has been conditionally approved for a $6.6 billion loan from the U.S. Department of Energy (DOE). The funding comes from the DOE’s Advanced Technology Vehicle
Pony AI Makes a Strong Debut on Nasdaq, Shares Surge 19%
Chinese autonomous driving startup Pony AI Inc. saw its American depositary shares (ADS) soar 19% during their trading debut on the Nasdaq Global Select Market. The company raised a total of $413.4
Nvidia to Report Q3 Earnings Amid AI Boom and Potential Headwinds
Nvidia (NVDA) is set to release its third-quarter earnings report today after market close, offering a crucial update on the company’s continued success in the artificial intelligence (AI) sector. As the world’s