Amazon next year will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said Thursday. The company has slowly muscled its way into the car-buying business over the years, launching digital showrooms on its site for shoppers to research and compare vehicles, but not purchase them directly … Read more
Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts’ estimates. The stock climbed in extended trading. Here are the results: Earnings per share: 94 cents vs. 58 cents expected by LSEG, formerly known as Refinitiv.Revenue: $143.1 billion vs. $141.4 billion expected by LSEG. Investors are also following these segment numbers: Amazon Web … Read more
McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in convertible notes and offered preliminary third-quarter revenue guidance roughly in line with Wall Street’s … Read more
Manufacturing of electrical Rivian R1T pickup vehicles on April 11, 2022 on the firm’s plant in Regular, Sick. Michael Wayland / CNBC Electrical car maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than anticipated and raised its manufacturing steerage for the total yr. It now expects to construct about 52,000 automobiles … Read more
Solarcycle CTO Pablo Dias and COO Rob Vinje present a photo voltaic panel laminate after it has been cleanly separated from the glass to traders and companions. The laminate is the place many of the worth is contained in a panel, like silver, silicon, and copper. Solarcycle The rising significance of wind and photo voltaic … Read more