Tag: Breaking News: Business
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Tesla deliveries jump 25% over last year, blowing past expectations
Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against CEO Elon Musk.
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Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter
Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
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Ford CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopen
Ford reports it assembled more than 2 million vehicles in the U.S. last year – more than any other auto manufacturer, including 311,000 units for export.
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Volkswagen braces for boardroom showdown over historic cost-cutting plan
Volkswagen is poised for a boardroom showdown following reports that the auto giant is weighing up shutting four factories and implementing 100,000 job cuts.
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Jim Cramer says to use Wednesday’s market rotation to your advantage. Here’s how he’d play it
CNBC’s Jim Cramer said investors should use the latest market rotation to buy some of the biggest winners they may have missed.
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Prolific tech analyst Dan Ives is exiting Wedbush for a new venture
Ives said the new firm will seek to build what he described as a “modern merchant bank.”
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GM reports 4.2% decline in Q2 U.S. sales as EV demand falls
General Motors’ second-quarter U.S. sales fell 4.2% as year-over-year demand for its all-electric vehicles and Chevrolet Silverado pickup trucks declined.
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Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
The new business is a welcome signal for some investors who have been uneasy about the company’s infrastructure spending plans.
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PlayStation will end physical disc production for new games in 2028
PlayStation will end physical disc production for new games in 2028, the company announced Wednesday morning.
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U.S. auto industry faces more uncertainty without extension of USMCA trade deal
A major issue for automakers is the deal’s rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.
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