The financial news that actually matters
Focuses on company performance, earnings reports, mergers, acquisitions, and business growth or decline. It explains how corporate events impact markets, investors, and employment.
Rivian has started handing its R2 SUV to public customers, a vehicle the company needs to sell in high volume if it is ever going to turn a sustained profit. The first trim reaching driveways is the R2 Performance with Launch Package, priced at $57,990, with employee deliveries having begun in April and public orders…
Teradyne and KLA Corporation each saw their share prices collapse by roughly a fifth on July 2, 2026, after both companies posted quarterly results that fell short of Wall Street expectations. Teradyne stock dropped from a previous close of 427.34 to 369.09, a single-session decline of 13.63 percent, while KLA faced a similarly punishing selloff….
Rivian Automotive lifted its full-year 2026 delivery forecast after a second quarter that exceeded the company’s own projections, sending shares up roughly 8 percent on a day when rival EV maker Lucid Motors disclosed weaker results and leadership changes. The upward revision, from a range of 62,000 to 67,000 vehicles to 65,000 to 70,000, reflects…
Chip investors got a jolt when Meta Platforms signaled during its 2026 annual shareholder meeting that it could rent out unused artificial intelligence computing power to outside customers. The remarks, delivered at the May 27, 2026 virtual audio webcast, landed against a backdrop of staggering infrastructure commitments: Meta has guided 2026 capital expenditures at $125…
Lucid Group closed out another year short of its own production targets, extending a pattern that has defined the luxury electric-vehicle startup since it began delivering cars. The company reported 10,241 deliveries for full year 2024 and set 2025 production guidance of approximately 20,000 vehicles, yet its latest annual filing with the Securities and Exchange…
Tesla delivered a record 480,126 vehicles in the second quarter of 2026, yet shares dropped roughly 7.5 percent after the numbers hit the wire. The gap between a headline-grabbing delivery record and a punishing stock reaction tells a story about what investors now demand from the electric-vehicle maker and what a bare-bones regulatory filing cannot…
General Mills, the company behind Cheerios, Pillsbury, and dozens of other grocery staples, lowered its profit outlook after reporting fiscal 2026 third-quarter results for the period ended Feb. 22, 2026. The revision came as shoppers increasingly traded down to cheaper alternatives and relied more heavily on coupons, forcing the company to ramp up promotional spending….
Saks Global exited Chapter 11 bankruptcy protection in roughly nine months, rebranding itself as Exemplar Luxury Group and placing three of America’s most recognized luxury retail names under a single corporate umbrella. The company now operates Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman with reduced debt, a feat that sets it apart from the…
Conagra Brands, the packaged-food company behind Slim Jim, Duncan Hines, and Healthy Choice, reported a 1.9 percent drop in net sales for its fiscal third quarter ended February 22, 2026, while simultaneously flagging that future dividend payments are not guaranteed. The company narrowed its full-year adjusted earnings-per-share guidance to a range anchored at $1.70 on…
Federal prosecutors in Manhattan have charged the former CEO of Nate, Inc. with fraud for telling investors his company’s checkout technology was powered by artificial intelligence when, according to the government, the actual automation rate was effectively zero. The case centers on more than $40 million raised from investors between spring 2019 and December 2022,…
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