Dick's Sporting Goods issues weak profit guidance as Foot Locker merger weighs on bottom line
Dick’s Sporting Goods’ merger with Foot Locker led to a 60% increase in sales but a substantial decline in companywide profits.
Rivian is fulfilling its promise to launch a $45,000 EV, but there’s a catch
The EV maker just revealed pricing details for its new R2 lineup. Rivian will first launch a $57,990 model, with plans to debut a $45,000 variant in late 2027.
EV maker Lucid reveals plans for robotaxi, positive free cash flow late this decade
The EV company is aiming to hit that target through market expansion into midsize vehicles, robotaxis and new counties, specifically in Europe.
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Netflix is spending up to $600 million to buy Ben Affleck’s AI startup. What exactly is it buying?
A week after backing away from buying Warner Bros. Discovery, Netflix decides to buy rather than build AI tools for filmmakers.
Flights are already getting more expensive after a jet fuel spike. When should you book?
Some airlines are already raising fares after a historic surge in jet-fuel costs.
Investor who lost everything in private credit wishes several thousand more people had warned him of the risks
The turmoil currently sweeping through the $3 trillion private credit market has investors stampeding out of the funds.
Rivian's crucial R2 EV launch to begin with $58,000 model in spring
Rivian will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday.
The truth behind 401(k) withdrawal numbers: People aren’t being reckless — they’re desperate
The good news is that low-income workers taking out hardship withdrawals are still saving, thanks to auto-enrollment.
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