Rivian Automotive is preparing to lay off employees as it confronts a slowdown in electric vehicle demand following the expiration of a key US federal tax credit that had supported sales, as per a Reuters report. Media reports earlier suggested that around 600 workers would be affected, following a smaller round of job cuts last

Tesla shares traded lower on Wednesday morning as investors awaited the electric vehicle maker’s third-quarter results, expected after the closing bell. At the time of writing, the Tesla stock was down around 2% to trade at $434.40. The company is projected to deliver its strongest quarterly earnings so far this year, but analysts warn that

Tesla’s third-quarter earnings report, due Wednesday, is shaping up to be another closely watched event for investors. The electric-vehicle maker is expected to post results ahead of Wall Street estimates, though analysts warn that sentiment may depend more on management’s outlook for electric-vehicle demand and upcoming product rollouts than on headline numbers. According to FactSet,

China has responded to the recent agreement between the United States and Australia on critical minerals by urging resource-rich nations to ensure stable supply chains, signalling a fresh phase in the global strategic competition over rare-earth materials. The development, CNBC reports, highlights the growing importance of minerals used in everything from electric vehicles to defence

In one of the most audacious daylight robberies in modern French history, thieves broke into the Louvre Museum in Paris and stole eight pieces of imperial jewellery in under ten minutes. The break-in, which took place on Sunday morning, has stunned authorities and raised urgent questions about the security of the world’s most-visited museum. The

Wall Street has been on one of its wildest rides lately, and it sometimes feels like everyone is scrambling to figure out ‘why’. Is it the looming trade tariffs between the US and China, delayed economic data due to the government shutdown, or simply corporate earnings failing to live up to lofty expectations? The truth

The Dow Jones and its exchange-traded funds (ETFs) like DIA have done well this year and are hovering near their highest level on record. It was trading at $46,200, up by over 26% from its lowest level this year. This article identifies some of the top companies driving the blue-chip index.  Why the Dow Jones

Apple is once again under scrutiny in China as 55 local iPhone and iPad users have filed a complaint alleging monopolistic practices in app distribution and payment systems. The complaint, Reuters reports, submitted to the State Administration for Market Regulation (SAMR) on Monday, accuses the company of abusing its dominance by forcing consumers to use

Shares in B&M fell more than 19% on Monday after the UK discount retailer admitted a £7 million accounting error that will hit its earnings and trigger a leadership change. The company said that overseas freight costs were not correctly recognized in its accounts following an operating system update earlier this year. The issue, which

Barclays has named KLA Corporation (NASDAQ: KLAC) as its top pick among semiconductor equipment makers, arguing that the company is emerging as a clear leader in the wafer fabrication equipment (WFE) space. The bank upgraded the stock to overweight from equal weight and raised its price target sharply to $1,200 from $750, suggesting an additional