Rivian shares sink after preliminary sales estimates, convertible-notes plan
Shares of Rivian Automotive Inc. slid in the extended session Wednesday after the EV maker issued preliminary quarterly sales estimates that were on par with Wall Street’s forecasts and announced plans to offer $1.5 billion worth of convertible notes. Rivian RIVN, +9.22%, in a filing, gave a preliminary third-quarter sales estimate of between $1.29 billion […]
Tilray Brands’ revenue jumps, losses narrow
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year over year, for its fiscal first quarter. Its cannabis division brought in $70 million in net revenue, reflecting a 20% spike year […]
Tilray Brands’ revenue jumps, losses narrow
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year over year, for its fiscal first quarter. Its cannabis division brought in $70 million in net revenue, reflecting a 20% spike year […]
Michael Jordan is now worth $3 billion. Here’s what billionaire athletes have in common.
Nobody can reach heights like His Airness. Michael Jordan is one of the best to ever play basketball, and he’s also the most successful of all athletes off the court as an entrepreneur and businessman. After his recent sale of the Charlotte Hornets NBA franchise, he is worth $3 billion. Jordan, 60, is one of […]
GM secures new $6 billion credit line as UAW strike costs $200 million
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some […]
Ford new vehicle sales up in Q3, led by pickup trucks
Ford F-150 pickup trucks are seen on Metro Ford’s sales lot in Miami, Florida. Joe Raedle | Getty Images DETROIT – Ford Motor’s third-quarter U.S. new vehicle sales increased 7.7% compared with a year earlier, led by higher sales of traditional pickup trucks across its lineup. The Detroit automaker on Wednesday reported a 15.3% increase […]
U.S. stocks open higher after ADP data shows fewer-than-expected jobs created in September
U.S. stock indexes opened slightly higher on Wednesday, helped by weak labor market data, after a sharp sell-off that wiped away the Dow Jones Industrial Average’s 2023 gains as Treasury yields jumped to fresh 16-year highs in the previous session. How are stock indexes trading The S&P 500 index SPX rose 10 points, or 0.3%, […]
Manhattan luxury apartments are in short supply, driving up prices
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images A shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader apartment sales and prices come under pressure […]
The 2024 Mazda CX-90: pricing, specs and more for this all-new, 8-seater SUV
The 2024 Mazda CX-90 is an all-new midsize 3-row SUV with seating for up to eight occupants. It’s Mazda’s MZDAY, -6.57% grandest, most luxurious vehicle so far. Pricing starts at $39,595. There’s a trend among many mainstream manufacturers to make their products more like luxury vehicles. Hyundai 005380, -0.16% and Kia 000270, +0.61% are doing […]
Chipotle tests automation for burrito bowls and salads
Chipotle Mexican Grill is testing whether automation can make customers’ burrito bowls and salads. It’s the second time the burrito chain has publicly announced testing automation at its innovation center. Chippy, Chipotle’s first foray into automation, is a robot that makes tortilla chips. The company began testing Chippy at a California restaurant a year ago […]
