Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models

Electric-vehicle startup Rivian RIVN -4.67% Automotive Inc. is discontinuing the most cost effective variations of its pickup truck and SUV fashions, citing low buyer demand. Eliminating the bottom model, dubbed the Discover bundle, now means probably the most inexpensive pickup truck within the R1T mannequin line may have a value of $73,000—a rise of $5,500, […]

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GM Reinstates Quarterly Dividend Suspended Since Start of Covid-19 Pandemic

General Motors Co. GM 1.81% mentioned Friday it plans to reinstate its quarterly dividend, after suspending it in April 2020 to protect money in the course of the early days of the Covid-19 pandemic. The Detroit auto maker additionally mentioned it plans to renew opportunistic share repurchases, saying progress on key initiatives has instilled confidence […]

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Deere Stock Tumbles as Earnings Miss Expectations

Textual content measurement Greater crop and meals costs have a tendency to spice up demand for Deere merchandise. Justin Sullivan/Getty Photographs Deere reported fiscal third-quarter earnings that missed analysts’ expectations and the inventory fell greater than 7% in premarket buying and selling. The corporate additionally diminished its earnings steering vary for the fiscal yr to […]

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Stock Futures Tumble Amid Mixed Signals on the Pace of Rate Hikes

Textual content measurement Investor focus stays on the Federal Reserve’s tempo of future interest-rate will increase. Spencer Platt/Getty Pictures Stock futures pointed to a decrease begin for Wall Road Friday as traders contended with blended indicators from the Federal Reserve on the tempo of future interest-rate hikes and indicators of a resilient U.S. financial system. […]

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China Stocks Are No Longer a Sure Factor. Where to Invest Now.

For many years, China has been synonymous with quick progress. Multinational firms invested billions in provide chains and manufacturing hubs, and catered to the hundreds of thousands of Chinese language who climbed out of poverty into a rising center class. Traders reaped strong returns. No longer. This highly effective engine of worldwide progress is sputtering, […]

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Estee Lauder’s Outlook Disappoints. The Stock Drops.

Textual content dimension Fiscal fourth-quarter earnings and income at Estee Lauder beat analysts’ estimates. Gabby Jones/Bloomberg Estee Lauder shares had been decrease premarket buying and selling Thursday after the wonder firm stated it expects fiscal first-quarter earnings under Wall Avenue estimates. Estee Lauder (ticker: EL) stated it expects first-quarter earnings of between $1.22 a share […]

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