Business

Rivian Automotive recently experienced a significant uptick in its stock value, marking a pivotal moment for the electric vehicle (EV) manufacturer. After announcing its production and delivery figures for 2024, Rivian’s shares soared to $16.49, representing an impressive increase of 24.5% in just one trading session. This surge is particularly notable as it constitutes Rivian’s
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Carvana, the online used-car retailer that once seemed to be on an upward trajectory, finds itself amidst troubling allegations following a report from the short-seller firm Hindenburg Research. The report critiques Carvana’s purported financial turnaround as a mere facade, suggesting it is underpinned by precarious lending practices and questionable accounting strategies. As investors grapple with
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The year 2024 has proven to be particularly challenging for the restaurant industry. As inflation continues to strain consumer wallets, customers are shifting their dining habits towards more affordable and value-oriented options. This trend has resulted in a significant decline in restaurant visits across the United States, as reported by Black Box Intelligence. The adverse
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The end of 2024 brought attention to the complexities of the housing market, showcasing both encouraging trends and lingering challenges. While a substantial increase in housing supply provides a glimmer of hope for potential buyers, the reality is far more complicated. Active listings surged past the levels recorded in previous years, yet many of these
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Christmas Day has often been synonymous with festive cheer, family gatherings, and an array of seasonal traditions. This year, it transformed into a monumental viewing occasion for sports fans, especially for the realm of streaming. Netflix, the popular streaming service, recorded an impressive attendance for its exclusive airing of two National Football League (NFL) games,
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On a Tuesday morning marked by heightened travel activity, American Airlines faced an unforeseen challenge that momentarily disrupted its flight operations across the United States. As travelers prepared for what is anticipated to be a record holiday season, the airline experienced a ground stop due to a technical issue. Although the stoppage lasted less than
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The looming threat of President-elect Donald Trump’s proposed 25% tariffs on Canadian imports has sent shivers down the spines of industry leaders and policymakers alike. This move raises critical questions about the future of the flourishing auto industry in Canada, specifically centered in Ontario, which has long been known as the heart of Canada’s automotive
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