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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Salesforce, a leading enterprise tech giant, has recently announced its plans to open an artificial intelligence center in London. This move is seen as a bullish bet on the U.K. as a global technology hub. The U.S. software giant has stated that the new facility, which spans over 40,000 square feet in London’s Blue Fin
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
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
The real estate market has been a topic of concern for many consumers facing high housing prices. Some attribute these high prices to the activity of private equity firms and real estate investors. In the first quarter of 2024, data from Redfin revealed that investors purchased approximately 44,000 homes in the United States, marking a
Ford Motor’s U.S. new vehicle sales saw a significant increase of 11.2% in May compared to the same month last year. This growth was primarily driven by strong sales in the all-electric and hybrid vehicle segments. In particular, the sales of hybrid and all-electric vehicles surged by approximately 65%, outpacing the 5.6% rise in sales
In a bold move towards the future of the automotive industry, Jeep has announced plans to significantly increase sales of its plug-in hybrid electric vehicles (PHEVs) in the U.S. market. The goal is to grow sales by up to 50% this year, with a target of selling between 160,000 to 170,000 units. This strategic decision
Investors looking for stability and growth potential may want to consider tech giant IBM. With a solid track record of paying dividends and generating free cash flow, IBM offers a dividend yield of about 4%. Despite facing challenges in the first quarter, including a mixed revenue performance and macro uncertainties, IBM remains a favorite among
The Food and Drug Administration has officially approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and above. This marks the second product from Moderna to enter the U.S. market and comes at a crucial time for the company as demand for its Covid vaccine declines. The approval is based on a
Costco Wholesale managed to exceed Wall Street’s expectations in its third-quarter earnings report, showcasing strong sales growth and lower operating expenses. The company’s total revenue for the quarter reached $58.52 billion, marking a 9.1% increase from the previous year and surpassing analysts’ estimates. Additionally, earnings per share came in at $3.78, outperforming forecasts and displaying