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Rivian is undergoing another round of layoffs. Its the company's fourth wave of job cuts in the last year.
The U.S. stock market continues to climb the wall of worry, despite persistent inflation and heightened geopolitical risks. The S&P 500 has returned 26% in the past 12 months, while the Wilshire 5000 index (a broader gauge of the total U.S. stock market) has gained 23% in the past year, not including dividends.
Netflix (NFLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Central Securities Corp outperformed the S&P 500 as an actively managed closed-end fund. The fund has benefited from a highly concentrated portfolio with an overweight exposure to the financial sector and insurance industry. We urge caution towards the fund which could be prone to wider swings of volatility in a shifting market environment.
Lockheed's (LMT) Q1 results are likely to reflect the adverse impacts of lower equity earnings and higher interest expenses amid solid sales volume from its major segments.
Electric vehicle maker Rivian said on Wednesday it cut about 1% of its workforce - the second round of job cut this year - as it races to reduce cost amid a broader slowdown in EV demand.
Exchange is the event where financial services transforms from an industry into a community. Accordingly, VettaFi interviewed several strategists, giving them an opportunity to share their story and investment philosophy.
The FDA said that PepsiCo launched an internal investigation which found that some of the products labeled "zero sugar" actually contained "full sugar."
Sales and earnings for semiconductor manufacturing equipment maker ASML tumbled in Q1. The South China Morning Post reveals why: China is ready to build its own semiconductor chips now.
Google CFO Ruth Porat wrote to employees that the finance teams would be restructured, a move that will include relocations and layoffs.