Rivian raises $2.5 billion in new funding round led by Amazon, Ford
The electric vehicle start-up said it has raised about $10.5 billion to date.
CNBC US News
Boston Beer CEO acknowledges Q2 hard seltzer sales miss – ‘we don’t look very smart’
Boston Beer CEO David Burwick said the company's hard seltzer sales dropped fast when people retuened to bars this summer.
The rapid growth the U.S. economy has seen is about to hit a wall
The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.
Uber's stake in Didi shrank by $2 billion this week amid China crackdown on U.S. listings
After Didi's stock market debut last month, Uber owned a stake worth over $9 billion in the Chinese ride-hailing company. That's dropped by half.
Former Virgin Galactic CEO to launch on the company's next spaceflight test
George Whitesides, the former CEO of Virgin Galactic, will fly on the company's next spaceflight test, CNBC has learned.
Boston Beer stock tumbles 26% after weak Truly hard seltzer sales weigh on earnings
Shares of Boston Beer tumbled 26% after disappointing demand for hard seltzer dragged down the company's quarterly earnings and revenue.
Shares of Snap close up 23% day after earnings beat
Snap stock soared Friday, as the company continued to ride its strong second-quarter earnings beat across the board.
Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip
Louisiana, Arkansas, Missouri, Florida and Nevada are reporting the highest daily average of new cases per capita over the past week.
Trump friend Tom Barrack ordered released on $250 million bond, his SPAC pulls SEC registration, IPO plan
Thomas Barrack, a close friend of Donald Trump, is accused of illegally lobbying for the United Arab Emirates during Trump's campaign and presidency.
Sweltering temperatures expected across U.S. next week as heat dome descends on Midwest, Great Plains
High temperatures next week will be the result of a heat dome, a strong high pressure system of air that descends from the atmosphere and heats up near land.
Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocurrency
Currently, Amazon doesn't accept any cryptocurrencies as payment for its products.
The drought-stricken Western U.S. braces for 'water wars'
The Western U.S. is facing drought conditions that are straining water resources, hurting agriculture and providing a fertile ground for wildfires.
Tuition insurance may help cover costs if a student withdraws from college
The possibility of more campus closures has sparked renewed interest in college refund policies and tuition insurance.
Alphabet launches new robotics software company Intrinsic
Alphabet's new company is a robotics software firm named Intrinsic. The segment comes out of X, Alphabet's "moonshots" division.
Vista Equity considers sale of Tibco, which it bought for $4.3 billion in 2014, sources say
Vista Equity Partners is exploring a sale of Tibco Software, will meet with bankers in the coming days, sources say.
GM issues second recall of Chevy Bolt EVs after vehicles catch fire
GM said officials with the automaker and LG Energy Solution, which supplies the battery cells, have identified a second "rare manufacturing defect" in the EVs.
U.S. sanctions Cuban officials over crackdown on protests as Biden warns: 'This is just the beginning'
The Biden administration imposed sanctions on Cuba's defense minister and the communist nation's special forces brigade.
These companies are sucking carbon out of the atmosphere — and investors are piling in
Carbon capture is becoming increasingly popular among investors, and these companies are at the forefront.
Snap pops more than 16% on earnings beat and user growth
Snap on Thursday reported its second quarter earnings, beating expectations across the board for earnings, revenue and user growth.
Twitter posts fastest revenue growth since 2014 in pandemic rebound
Twitter's business rebounded in the second quarter after experiencing a sharp decline last year with the arrival of the coronavirus pandemic.
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