Rivian lowers annual production forecast due to parts shortage, shares drop
By Zaheer Kachwala (Reuters) -Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a…
Category: Business
Stellantis shares drop to over 2-year low as investors question dividend
MILAN (Reuters) – Stellantis shares fell further on Thursday amid concerns over the sustainability of the automaker’s dividend following a…
Tesla recalls more than 27,000 Cybertrucks to fix rear-view camera delay
(Reuters) -Tesla said on Thursday it would recall more than 27,000 Cybertrucks due to delayed rear-view camera images that could…
Apple readies new iPhone SE, upgraded iPad Air for early next year, Bloomberg News reports
(Reuters) -Apple is nearing production of an updated iPhone SE that will serve as an new entry-level model for early…
Tesla misses estimates for third-quarter deliveries on stiff competition
By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in…
Crypto asset manager Bitwise files for XRP ETP with securities regulator
(Reuters) – Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product…
SoftBank to invest $500 million in OpenAI, The Information reports
(Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest funding round, The Information reported…
Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks
By David Shepardson WASHINGTON (Reuters) -Stellantis said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire…
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
By Krystal Hu and Kenrick Cai (Reuters) – Thrive Capital is investing more than $1 billion of OpenAI’s current $6.5…
Apple drops out of talks to join OpenAI investment round, WSJ says
(Reuters) – Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the…