Rivian stock falls 10% on declining fourth-quarter EV deliveries
Rivian said it delivered 13,972 vehicles from October through December, down 10.2% from the third quarter of 2023 but in line with Wall Street’s expectations.
Tesla reported 485,000 deliveries for the fourth quarter, bringing 2023 total to 1.8 million
The EV company previously offered guidance that it would notch at least 1.8 million deliveries for the full year in 2023.
Reckitt Benckiser unit recalls possibly contaminated baby formula powder, FDA says
The company said that most, if not all, of the possibly contaminated product has already been consumed.
Beer drinking in America falls to the lowest level in a generation
The boycott of Bud Light was just one factor in a year of industry-wide declines.
How a conservative group’s videos gained a foothold in classrooms with help from Republican officials: Report
PragerU is known for its right-wing videos. Now, officials in four states have helped get a line of cartoons and education materials into public schools.
The economy in 2024: A soft landing is in sight, but not without some danger ahead
While the U.S. may avoid an actual recession in the year ahead, finding escape velocity is likely to still be difficult.
Stocks in 2024: Investors are betting on Fed rate cuts and a broader market rally in the new year
One view generally accepted on Wall Street is that the market rally will broaden further in 2024, though investors differ on which parts will lead.
SpaceX sets new rocket record with 96 successful launches in 2023
SpaceX this year launched 96 successful missions with its Falcon series of rockets, topping its previous annual record of 61 orbital launches in 2022.
Apple’s stock underperformed top tech peers in 2023 due to longest revenue slide in 22 years
Apple has reported four straight quarters of sliding sales, its longest stretch of declines since 2001
From FedEx to airlines, companies are starting to lose their pricing power
Faced with weakening demand, price-sensitive consumers and easing inflation, some sectors are now forced to grow profits without the tailwind of price hikes.
