Shares of Rivian Automotive dropped more than 6% in midday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual production forecast for 2024.
Category Archives: business
As Apple enters AI race, iPhone maker turns to its army of developers for an edge
As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers.
CVS is under pressure and considering a breakup. Here’s why that could be risky
It’s time for a wellness check at CVS Health.
European Union votes to impose tariffs on Chinese electric vehicles
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles.
U.S. adds 254,000 jobs and unemployment declines, blowing away expectations
The U.S. added 254,000 jobs in September, far exceeding expectations, while the unemployment rate fell from 4.2% in August to 4.1%.
Asheville’s vibrant arts scene powered its economy — now much of it lies in ruins
“My entire portfolio is in the river somewhere,” one artist said after floodwaters from Hurricane Helene destroyed over a dozen local studios in the city’s River Arts District.
Harris is playing it safe. Some Democrats worry that could doom her campaign.
Even as polling shows the presidential race is a tossup, Vice President Kamala Harris has been running with a measure of risk aversion that some Democratic strategists and activists worry has failed to fully capitalize on the excitement surrounding her entry into the race in July.
Dockworkers on East and Gulf Coast to return to work after reaching agreement on wages
Thousands of dockworkers on the East Coast and Gulf Coast will return to work after reaching a tentative agreement on wages, ending one of the biggest work stoppages in decades.
Personal essay: Kim Kardashian says it’s time for the Menendez brothers to be freed
With Lyle and Erik Menendez back in the spotlight, Kim Kardashian urges authorities to reconsider the brothers’ life sentences.
Texas man could be first to be executed in case of ‘shaken baby’ death
Robert Roberson is set to die this month in what would be the nation’s first execution for “shaken baby syndrome,” a scrutinized diagnosis that has been successfully challenged in some criminal cases.