Rivian Automotive has recently announced an overhaul of its all-electric R1 pickup and SUV models, focusing on improving range, performance, and computing power. One of the most significant changes in the 2025 model-year vehicles is the incorporation of Nvidia chips to boost computing capabilities. The upgraded system now boasts ten times more performance than its
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The PGA Tour and the Saudi-backed LIV Golf have been engaged in detailed conversations regarding a potential merger, as revealed by a source familiar with the matter. This development comes in the wake of an initial announcement made on CNBC a year ago, wherein both entities disclosed their intent to collaborate. The ongoing talks between
Inflation, though showing slight signs of improvement, continues to weigh heavily on consumers, as per Joel Anderson, CEO of discount retailer Five Below. Particularly, those in the lower-income bracket are experiencing the brunt of this economic pressure. Anderson emphasized the need for delivering value to customers, especially in the face of rising prices. While efforts
With the world still navigating the aftermath of the Covid-19 pandemic, one thing has become increasingly clear – remote work is here to stay. What began as a temporary solution during lockdowns has evolved into a long-term trend that is reshaping the traditional workweek for many employees. According to labor economists, remote work offers a
Lululemon, the popular athletic apparel retailer, recently reported stagnating growth in its largest market, the Americas. Despite exceeding Wall Street’s earnings expectations, the company fell short in terms of revenue projections. The latest guidance provided by Lululemon for the current quarter also paints a bleak picture of the company’s performance in the near future. The
Boeing CEO Dave Calhoun is set to testify before a Senate panel to address whistleblower allegations and quality control issues at the aircraft manufacturer. This comes at a time when Boeing is facing significant scrutiny over its safety practices in the wake of two deadly crashes of its 737 Max planes. The hearing is crucial
Boeing recently initiated its first Starliner flight with astronauts onboard, marking a significant milestone for the spacecraft. The launch, which took place from Cape Canaveral, Florida, involved two NASA astronauts and aimed to test the capabilities of the Starliner system in transporting individuals to and from the International Space Station (ISS). The Starliner capsule was
Last week, mortgage interest rates climbed to their highest level since early May, leading to a 5.2% decline in total mortgage application volume. This marks the second consecutive week of decreasing mortgage demand, as reported by the Mortgage Bankers Association. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances also saw
The Dubai Mall, one of the world’s largest malls, is set to undergo a massive expansion with an estimated cost of 1.5 billion dirhams ($408 million). This sprawling shopping complex in the heart of the United Arab Emirates’ commercial capital is already a tourist hotspot, housing 1,200 stores, 200 food and beverage vendors, an aquarium,
Dollar Tree recently announced its plans to potentially sell its grocery-focused Family Dollar brand. The company has been facing challenges in revamping the struggling business, which led to the closure of almost 1,000 Family Dollar stores. This decision was made in an effort to streamline the Family Dollar banner and focus on growth acceleration at