Amazon-Rivian deal sends shares to new high
Rivian shares hit a new high after Amazon announced it was taking the auto company’s technology to Europe with first rollouts in Munich, Berlin and Düsseldorf, Germany.
US stock market faces more challenges in second half of 2023, UBS warns
UBS analysts warned the U.S. stock market faces a "lackluster" second half of 2023 amid ongoing risks from chronic inflation and higher interest rates.
Disney stock downgraded over streaming, theme park growth fears
Concerns over "meaningful uncertainty" with Disney's streaming services and theme parks caused investment advisers at KeyBanc to downgrade the entertainment company's stock this week.
Apple market cap hits $3T
Apple shares are hovering above the $192 mark on Friday, propelling the tech giant’s valuation to more than $3 trillion. The tech giant briefly traded above this level in 2022.
Virgin Galactic stock sinks after successful spaceflight
Shares of Richard Branson's Virgin Galactic fell more than 10% on Thursday after the company successfully completed its first commercial spaceflight dubbed Galactic 01.
US regulators planning major antitrust lawsuit against Amazon: Report
The FTC is reportedly planning to take legal action Amazon.com's online marketplace for rewarding online merchants that use its logistics services and penalizing firms that don't.
Cathie Wood’s ARK drops over $7M of Tesla shares
Cathie Wood’s ARK Invest just dumped $7.3 million of Tesla stock after Goldman Sachs hit the EV maker with its fourth share downgrade of the month on Monday.
Stellantis launches EV charging business
Netherlands-based Stellantis is jumping into the EV charging industry with the launch of Free2move, providing infrastructure at home or work, the company announced on Tuesday.
Electric truck maker Lordstown Motors files for bankruptcy, sues Foxconn
Ohio-based electric pickup truck maker Lordstown Motors filed for Chapter 11 on Tuesday and is taking legal action against Taiwanese manufacturer Foxconn.
Goldman Sachs slaps Tesla with another downgrade
Despite a recent winning streak spanning 13 consecutive days and a $240 billion boost to valuation, Goldman Sachs slapped Tesla with its fourth share downgrade of the month.
PacWest sells loan portfolio for over $3.5B
PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.
IBM pays nearly $5B for software provider Apptio
Tech giant IBM has finalized a deal for the software provider Apptio for $4.6 billion from Vista Equity Partners, giving the tech company greater automation capabilities.
Buffett's Berkshire continues to sell shares of Chinese electric automaker
Warren Buffett's company once again sold shares in the Chinese Electric automaker BYD. This time selling another 2.5 million shares worth $86.3 million.
Big US banks to face Fed's annual stress tests this week
The Federal Reserve will release the results of this year's banking "stress tests" on Wednesday, helping assess the stability of financial instutions.
US opens probe into Ford Explorer recall repairs
Safety regulators have opened an investigation into a prior recall of 710,000 Ford Explorer SUVs and the fix issued to resolve the problem.
Inside America’s retirement income crisis
America will see a tidal wave of retirees next year, and many are not prepared, but there are ways you can put yourself in a stronger financial position heading into your golden years.
Amazon CEO says company plans to make $15B India investment
Amazon announced that the company will be increasing its investment in India by $15 billion following a meeting with Prime Minister Nerendra Modi.
Ford preparing for another round of layoffs: report
Ford Motor Co. is reportedly preparing to put another round of layoffs into motion in a continued attempt to streamline its operations and reduce costs.
FTC argues why Microsoft's deal to buy Activision should be blocked
The Federal Trade Commission faced Microsoft in a San Francisco courtroom on Thursday to explain why the company's $69 billion takeover of Activision Blizzard should be blocked.
Nvidia board member pockets over $50M in stock sale
As Nvidia’s share price continues its surge, longtime board member Mark Stevens and others are cashing in on the chipmaker’s 195% increase this year.



















