George Soros Deals a Big Blow to Tesla Rival Rivian

George Soros Deals a Big Blow to Tesla Rival Rivian

It’s been a somewhat hectic August for Rivian (TORN) . The startup, which is presented as one of Tesla’s (TSLA) most serious rivals in the race for electric vehicles, is currently accumulating setbacks. The electric vehicle manufacturer has just announced mixed earnings for the second quarter. While the company kept unchanged its forecast to produce … Read more

Billionaire George Soros Bets on Musk’s Tesla and Ford

George Soros seems to have picked his winners in the race for electric vehicles. In any case, the emblematic investor is placing his pawns while car manufacturers are fighting with thunderous announcements to occupy this market considered to be the future of the automobile in the medium term at least. Soros, who had so far … Read more

These US Airports Have Had the Most Cancellations So Far This Summer

Photo: Renata Ty (Shutterstock) This summer travel season hasn’t exactly been the relaxing one people hoped it would be. Up until (very) recently, gas prices were exceptionally high, and flying has been a nightmare—especially when it comes to crowds, delays, and canceled flights. So which airports have had the most cancellations? New data from AirHelp … Read more

SEPTA will provide free subway rides after every home Eagles game this season

Eagles fans who want to avoid traffic or other dangerous driving conditions after attending games at Lincoln Financial Field this football season are in luck – SEPTA is providing free rides on the Broad Street Line after every home game. The postgame service begins Friday with the Eagles’ first preseason game. Kickoff against the New … Read more

Illumina, Rivian, Toast, and More Stock Market Movers Today

Text size Rivian, the maker of electric trucks, maintained its production estimates for the full year. Courtesy Rivian Stock futures rose Friday amid more signs that inflation in the US has been cooling, which could allow the Federal Reserve to be less aggressive in its moves to slow the economy. These are some of the … Read more

United Airlines Holdings Inc. stock outperforms market despite losses on the day

Shares of United Airlines Holdings Inc. UAL, -0.05% sank 0.05% to $38.67 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.08% rising 0.08% to 33,336.67 and the S&P 500 Index SPX, -0.07% falling 0.07% to 4,207.27. United Airlines Holdings Inc. closed … Read more

Rivian (RIVN) earnings Q2 2022

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street expected. But it trimmed its … Read more

American Airlines Group Inc. stock falls Thursday, underperforms market

Shares of American Airlines Group Inc. EEL, -0.53% wear 0.53% to $14.99 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.08% rising 0.08% to 33,336.67 and the S&P 500 Index SPX, -0.07% falling 0.07% to 4,207.27. American Airlines Group Inc. closed … Read more

These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more