Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound
The one-day surge in Carvana shares pushed the older Garcia’s fortune to $10.9 billion from a 2022 low of $3.1 billion, while his son’s net worth climbed to $3.8 billion, according to the Bloomberg Billionaires Index......»»
Biden’s New $1.8-Billion Transportation Package Stars Climate Projects
Climate-related highway fixes and electric and hydrogen fuel-cell buses are among the projects getting federal help in a new round of funding.....»»
Volkswagen"s $5 Billion Investment In Rivian Has Some Experts Concerned About Scout"s Planned Revival
Volkswagen"s $5 Billion Investment In Rivian Has Some Experts Concerned About Scout"s Planned Revival.....»»
Justice Department charges nearly 200 people in $2.7 billion health care fraud schemes crackdown
Justice Department charges nearly 200 people in $2.7 billion health care fraud schemes crackdown.....»»
Polestar reports growing red ink for 2023 as EV demand slows
The electric-vehicle maker had repeatedly delayed reporting results because of accounting issues. Net losses widened to $1.17 billion from $481.5 million in 2022......»»
Rocket Report: China flies reusable rocket hopper; Falcon Heavy dazzles
"I have a problem: Rockets are built and kept in stock but not finding customers." Enlarge / SpaceX's 10th Falcon Heavy rocket climbs into orbit with a new US government weather satellite. (credit: SpaceX) Welcome to Edi.....»»
There"s something odd about the stock market"s concentration: Morning Brief
There"s something odd about the stock market"s concentration: Morning Brief.....»»
Outage from CDK cyberattacks could cost dealers $1 billion, study says
Anderson Economic Group said affected dealers could be out about $600 million after two weeks and could lose roughly $1 billion if the dealer management system shutdown lasts until the July 4 holiday weekend. Its calculations include estimated losses.....»»
Chipotle"s 50-for-1 stock split just went into effect. Here"s what it means for investors.
Chipotle"s 50-for-1 stock split just went into effect. Here"s what it means for investors......»»
NASA will pay SpaceX nearly $1 billion to deorbit the International Space Station
The space agency did consider alternatives to splashing the station. Enlarge / Illustration of the SpaceX Dragon XL as it is deployed from the Falcon Heavy's second stage in high Earth orbit on its way to the Gateway in lunar orb.....»»
Rivian reaffirms flat 2024 production of 57,000 vehicles during investor event
Rivian's stock price was falling in midday trading after the automaker projected second-quarter deliveries in the 13,000-13,300 range and mostly flat production for the year......»»
Veterans show support for OhioHealth Marion patient who died on Father"s Day
Veterans show support for OhioHealth Marion patient who died on Father"s Day.....»»
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired.....»»
Why the harsh Snowball Earth kick-started our earliest multicellular ancestors
For a billion years, single-celled eukaryotes ruled the planet. Then around 700 million years ago during Snowball Earth—a geologic era when glaciers may have stretched as far as the Equator—a new creature burst into existence: the multicellular o.....»»
Rivian still faces cash burn, cooling sales despite $1 billion infusion from Volkswagen, analysts say
Volkswagen will infuse $1 billion into Rivian as the EV maker develops new models. But analysts point out a growing cash burn for Rivian......»»
Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture.....»»
Nvidia Stock Is Still Falling as Shareholder Meeting Concludes
Nvidia Stock Is Still Falling as Shareholder Meeting Concludes.....»»
Nvidia’s rebound from its correction only makes the stock more dangerous to buy
Nvidia’s rebound from its correction only makes the stock more dangerous to buy.....»»
Is The Stock Market Closed On Independence Day? Wall Street Holidays 2024
Is The Stock Market Closed On Independence Day? Wall Street Holidays 2024.....»»
Taiwan press talks up iffy rumor about a new local Apple datacenter
Taiwan press venues are circulating rumors of a new Apple datacenter coming that don't appear to be based on anything, making claims of a $14 billion benefit to the country's economy questionable, at best.Inside Apple's store in Taipei, TaiwanApple d.....»»
Why Volkswagen is pledging $5 billion to Rivian in EV software deal
Shifting from combustion engines to electric vehicles requires expertise in areas where historically Volkswagen has little experience, from charging to batteries to software......»»