Layoffs at Rivian started in late July as the electric vehicle startup races to cut costs amid a challenging economic climate and pressure to increase production. Dozens of workers who say they are … [+2877 chars]
Here are the top four news stories over the past day presented to you by U.Today. Ethereum just surged past $1,700 Yesterday, Ethereum , the second largest cryptocurrency, surged above the $1,700 … [+2998 chars]
Americans consume more than 1.4 billion wings over Super Bowl weekend alone, according to the National Chicken Council, and the pandemic only fueled our poultry passion. (So much so that a wing short… [+6714 chars]
The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few… [+5144 chars]
This Halloween may bring more tricks than treats, with candy maker Hershey warning on Thursday that it won't be able to meet consumer demand for the October 31 holiday. CEO Michele Buck warned abou… [+1686 chars]
Comment on this story The nations biggest oil companies ExxonMobil and Chevron saw their profits roughly triple in the second-quarter as Russias war in Ukraine upended global energy markets and left… [+4571 chars]
Shares of Amazon jumped 10% on Friday, a day after the company posted stronger-than-expected second-quarter revenue and gave upbeat guidance. Sales for the three months ended in June grew 7% to $121… [+2090 chars]
Apple is continuing to pushback against looming antitrust legislation in the United States that could bring major changes to the App Store. A letter sent to the Senate Judiciary Committee by Apple an… [+3380 chars]
After Meta's revenue shrank for the first time in its history, the company has reportedly told publishers it will no longer pay for content to run in Facebook's News Tab, according to Axios. "Most pe… [+1150 chars]
While oil prices have declined from their highs of the year, investors in that energy market have yet to price in the potential of an economic recession worldwide but that risk is increasing, JPMorga… [+2362 chars]
Even as housing transactions plummet, weve still not returned to a balanced market. Inventory levels remain a staggering 49% below July 2019 levels, giving most sellersat least for nowenough leverage… [+4459 chars]
Stock investors have a lot more grieving to do before the bear market breathes its last.According to the five stages of bear market grief, which I addressed in mid-May, were currently at stage three.… [+4554 chars]
