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  • Motley Fool

    Massive News for Rivian Stock Investors

    Rivian stock soared over 40% after hours.

  • PR Newswire

    Coral Energy Completes Management Buyout, Puts Focus on Expansion and Compliance

    Coral Energy proudly announces the successful completion of its management buyout (MBO), marking a transformative milestone for the company. This strategic initiative reinforced Coral Energy's commitment to continued growth, operational excellence, and transparency under the leadership of its senior management team. The full buyout by the management executives from the founding shareholder was completed in April 2024.

  • WSJ

    Julian Assange Freed After Pleading Guilty in Remote U.S. Courthouse

    WikiLeaks founder Julian Assange walked out of a U.S. courthouse in the remote island of Saipan a free man, after pleading guilty to violating the Espionage Act by publishing U.S. military secrets.

  • Motley Fool

    1 Magnificent Artificial Intelligence (AI) Growth Stock Down 48% to Buy Hand Over Fist Before It Starts Soaring

    Shares of this cloud company are down 48% from their 52-week high, but prospects are good for better times ahead.

  • Reuters

    Sharp Japan GDP downgrade possible, affecting monetary policy, analysts say

    A rare unscheduled revision to Japan's first-quarter gross domestic product (GDP) may lead to a sharp downgrade, possibly affecting the central bank's growth forecasts and the timing of its next interest rate hike, some analysts say. The government said on Tuesday it will revise GDP figures for January-March to reflect corrections made in construction orders data, and announce the findings on July 1. Given the big downward revision to the construction orders data, the revised January-March GDP figures are likely to show the economy contracted more than expected, some analysts say.

  • Reuters Videos

    Rivian shares soar after VW invests $5 bln

    STORY: Rivian shares soared in late trade Tuesday after Volkswagen said it was investing up to $5 billion in the EV maker. The stock gained around 50% in extended hours following the news.It all comes as part of a new joint venture, meant to share EV architecture and software. And it will give Rivian the funding it needs to develop new, more affordable models. It should also help its cashflow turn positive. In return, VW will get to use Rivian technology. That would not just be at its namesake unit, but across group brands like Audi, Porsche and Lamborghini. Analysts see that as a big win for the German giant, which has struggled with EV software. It’s over budget and behind schedule on goals it set for developing the technology. Industry watchers say it’s also a big plus for Rivian, giving investors more faith in its future. It’s been losing nearly $40,000 on every vehicle it delivers, though it has at least avoided filing for bankruptcy like some other startups. The company said recently it had overhauled its manufacturing process to cut costs and, hopefully, drive it towards profit. Shares in the firm had halved this year, ahead of news of the VW boost.

  • Barrons.com

    Tesla Delivery Results Are Coming. This Is The Real Number To Watch, and It’s Worrying.

    Wall Street is adjusting estimates ahead ofthe EV maker’s second-quarter delivery report. Figures, for the most part, are coming down.

  • Reuters

    Volkswagen shares fall after $5 billion Rivian deal

    FRANKFURT (Reuters) -Shares in Volkswagen, Europe's largest carmaker, fell 1.4% in early trade on Wednesday after saying it would invest up to $5 billion as part of a planned joint venture with electric vehicle maker Rivian. The tie-up announced on Tuesday signals the value of Rivian's assets in software, an area in which Volkswagen has lagged far behind with its software subsidiary Cariad running up years of delays and losses. Still, three analysts said investors will be concerned about the price tag of the investment, with Volkswagen's capital expenditure and research and development hovering at a stubbornly high level of around 13% since 2018, according to an analysis by Bernstein.

  • GuruFocus.com

    Insider Sale: Chief Security Officer Shawn Henry Sells Shares of CrowdStrike Holdings Inc (CRWD)

    Following this transaction, the insider now owns 187,091 shares of the company. CrowdStrike Holdings Inc specializes in cloud-delivered protection of endpoints, cloud workloads, identity, and data. Over the past year, Shawn Henry has sold a total of 81,986 shares and has not made any purchases of the company's stock.

  • GuruFocus.com

    Insider Sale: Telekom Deutsche Sells Shares of T-Mobile US Inc (TMUS)

    Following this transaction, the insider now owns 670,678,667 shares of T-Mobile US Inc. Details of the sale can be found in the SEC Filing. T-Mobile US Inc operates as a national wireless service provider, offering data, messaging, and wireless voice services. Over the past year, Telekom Deutsche has sold a total of 22,871,745 shares and has not made any purchases.