Rivian’s quarterly revenue slumps for first time since IPO
By Akash Sriram and Abhirup Roy (Reuters) -Rivian posted its first drop in quarterly revenue on Thursday since the electric…
Category: Business
Exclusive-Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump’s arrival
By Ernest Scheyder (Reuters) – The U.S. Department of Energy on Thursday finalized a $475 million loan for Li-Cycle Holdings,…
Bumble beats estimates for third-quarter revenue
(Reuters) -Dating app operator Bumble beat expectations for third-quarter revenue on Wednesday, helped by growth in paid subscriptions, sending its…
Arm revenue and profit top expectations, powered by iPhone sales
By Max A. Cherney SAN FRANCISCO (Reuters) -Chip designer Arm Holdings topped revenue and profit expectations for the second quarter…
Elf Beauty lifts annual forecasts on resilient cosmetics demand; shares up
By Anuja Bharat Mistry (Reuters) – Elf Beauty raised its forecasts for annual sales and profit on Wednesday, betting on…
Apple set to face fine under EU’s landmark Digital Markets Act, sources say
By Foo Yun Chee (Reuters) -Apple is set to be fined by the European Union’s antitrust regulators under the bloc’s…
Super Micro says cannot predict timing of annual filing; shares down
(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its…
Cryptoverse: U.S. election speculators play the prediction markets
By Lisa Pauline Mattackal (Reuters) -Donald Trump is a clear favorite to beat Kamala Harris – that’s if you put…
Robot AI startup Physical Intelligence raises $400 million from Bezos, OpenAI
(Reuters) – Physical Intelligence, a startup that is developing foundational software for robots, said on Monday it has raised $400…
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing…