Rivian cuts 10% of salaried staff as output forecast misses
Rivian Automotive Inc. revealed plans to cut 10% of its salaried workforce and set production guidance well below Wall Street’s...
Slumping EV prices force carmakers to repay leasing firms
Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...
US inflation tops forecasts, likely delaying any Fed rate cuts
US consumer prices jumped at the start of the year, dashing hopes for a continued drop in inflation and likely...
US CPI revisions confirm inflation progress at end of 2023
US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according...
NYCB in talks to offload mortgage risk, plans to sell RV loans
New York Community Bancorp has been reaching out to investors for capital to finance a large portfolio of residential mortgages...
Hertz misses estimates on EV fleet rethink, plans cost cuts
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of...
Stellantis chairman tamps down speculation of carmaker merger
Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to...
US payrolls and wages surge, likely keeping Fed rates on hold
US employers added the most workers in a year and wages jumped in a surprise reacceleration in the labor market...
