Shares of EV start-up Rivian hit new low following production snags and third-quarter results
Rivian said Thursday after the markets closed that it expected to fall "a few hundred vehicles short" of this year's production target of 1,200 vehicles.
CNBC Technology
Rivian shares slide after company cuts 2021 EV production expectations
The company said it faced supply chain issues as well as challenges ramping up production of the complex batteries that power the vehicles.
Meta says 50,000 Facebook users may have been spied on by private surveillance firms
Facebook owner Meta said Thursday that around 50,000 Facebook users have been targeted by private surveillance companies.
Payments start-up Checkout.com poaches Meta crypto exec to lead product strategy
Checkout.com, a $15 billion payments start-up based in Britain, has hired Meta executive Meron Colbeci as its chief product officer.
'Enormous potential': Britain's tidal power sector gears up for a big few years
The emerging tidal power sector took a number of steps forward this week.
Stocks fall for a second day as selling in tech shares continues, Dow dips 200 points
Investors sold tech stocks again, a day after losses in the sector dragged down the rest of the market.
E-scooter firm Lime plans aggressive Middle East expansion
Mobility start-up Lime is planning to launch its e-scooter and e-bike rental service across the Middle East over the next two years.
A Dutch vertical farming company has just been valued at over $1 billion
Infarm, an Amsterdam-headquartered start-up that grows food indoors in racks, has been valued at over $1 billion in a new $200 million funding round.
Prosecutor in Theranos case closes by telling jury that Elizabeth Holmes 'chose fraud over business failure'
Closing arguments in former Theranos CEO Elizabeth Holmes' criminal fraud trial kicked off on Thursday.
EV start-up Rivian reports results Thursday after the bell. Here's what investors should know
While Rivian has given some earnings and production guidance as part of its IPO, investors will concentrate on any updates or changes to its plans.
Apple delays return to corporate offices indefinitely
The delay comes amid concerns about rising Covid cases and the public health impact of the heavily mutated omicron variant.
CEO of GM's autonomous vehicle branch Cruise is leaving the company
Cruise's President and CTO Kyle Vogt will take over as interim CEO, the company said.
Millennial millionaires plan to add more crypto in 2022, CNBC Millionaire Survey finds
Fully 83% of millennial millionaires own cryptocurrencies, according to the CNBC Millionaire Survey.
Adobe plunges 10% and has second-worst day in past decade on weak guidance
Adobe's guidance for its fiscal first quarter badly missed analysts' estimates, sending the stock down more than 10%.
Alphabet to fold Sidewalk Labs into Google as project's founder steps down
Alphabet is folding its urbanization arm into Google as founder steps down
Amazon elevates former Prime boss to oversee health efforts
Amazon has made clear its ambitions to grow its presence in the health-care industry, including launching an online pharmacy and telehealth services.
Cockroach Labs doubles valuation in red hot market for private software start-ups
Cockroach Labs raises $278 million in a funding round that values the enterprise software company at $5 billion, more than double its last valuation.
'In the end, all hydrogen needs to be green': CEO of German energy giant RWE
Markus Krebber made his comments during an interview with CNBC this week.
H&R Block sues over Square's new name 'Block'
The tax preparation service seeks to keep Block from using the new name.
Early Theranos investor will sell his stock certificate in the company as NFT, banking on Elizabeth Holmes' fame
Early Theranos investor, Marc Ostrofsky, is selling his Series A stock certificate for 500,000 shares as an NFT.
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