Rivian has lowered its 2024 EV production targets to between 47,000 and 49,000 vehicles due to a supply shortage, following a 27% decline in Q3 deliveries, while still aiming for slight growth in overall vehicle deliveries.
Author: Ecem Efe (Ecem Efe)
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Stock Market Update: How Geopolitical Tensions Affect Oil Prices and Stocks
Stocks declined on Thursday as Wall Street anticipated a key jobs report and reacted to rising geopolitical tensions in the Middle East, while oil prices surged amid fears of an Israeli retaliatory attack against Iran's oil facilities.
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Joby Stock – Joby Aviation Secures $500 Million Investment from Toyota to Launch Air Taxi Services
Toyota is investing $500 million in Joby Aviation to increase its stake to over 20% as part of a strategic alliance aimed at commercializing air taxi services.
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Lockheed Martin Stock – Lockheed Martin Shares Surge Amid Middle East Geopolitical Tensions
Lockheed Martin's stock surged amid escalating geopolitical tensions in the Middle East, as reports of Iran's potential missile strike on Israel increased demand for defense solutions.
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FTSE 100 – How High is BP’s Dividend Yield Compared to FTSE 100 Average?
BP is currently offering a high dividend yield of around 6%, but concerns about volatile oil prices, substantial debt, and uncertain market conditions raise questions about the sustainability of its dividends moving forward.
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Aston Martin and Stellantis Lower 2024 Earnings Forecast Amid Supply Chain Disruptions and Weak China Demand
Aston Martin and Stellantis have both issued profit warnings for 2024, citing supply chain disruptions and weak demand in China, which have significantly impacted their sales forecasts and stock prices.
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Gold and Silver Prices Today: Latest Updates and Trends Across Major Indian Cities
Gold and silver prices saw a slight increase today, with gold prices rising across major Indian cities and fluctuations influenced by global demand, currency variations, and market trends.
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Moncler Stock – LVMH Acquires 10% Stake in Moncler: What This Means for the Luxury Market
LVMH has acquired a 10% stake in Moncler's investment vehicle Double R, leading to a surge in Moncler’s shares and sparking speculation about a potential future takeover while reinforcing LVMH's dominance in the luxury market amid ongoing challenges in the sector.
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Micron Stock – Micron Technology: A Key Player in the Rapidly Growing AI Market
The AI industry is experiencing significant growth, with Micron Technology playing a vital role through advanced memory solutions, as analysts predict a market expansion to $135 billion by 2025, fueled by advancements in generative AI and substantial venture capital investment.
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Visa Stock Dips After DOJ Files Lawsuit Alleging Market Manipulation
The U.S. Department of Justice has filed an antitrust lawsuit against Visa, alleging that the payment giant has engaged in anti-competitive practices that stifle competition and maintain its market dominance in debit transactions, leading to a significant drop in Visa's stock price.
