Business

Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it's still on track to meet a 50,000-vehicle production target for 2023.Shares were up about 4% in after-hours…

Brian Chesky, CEO of Airbnb speaking on CNBC's Squawkbox on May 4th, 2023.CNBCShares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on the top and bottom lines, as it…

Jeff Lawson, CEO, TwilioScott Mlyn | CNBCTwilio shares fell as much as 14% in extended trading on Tuesday after the developer of communications software issued a forecast for the second quarter that trailed analysts' estimates.Here's how…

An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023.Virgin GalacticVirgin Galactic is aiming to fly its first spaceflight in nearly two years later this month, but…

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019.Carlo Allegri | ReutersNEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that…

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California.Patrick T. Fallon | AFP…

Nikola Motor CompanySource: Nikola Motor CompanyElectric heavy truck maker Nikola said on Tuesday that it's "refocusing the company on North America" as it exited a European joint venture with its chassis supplier, The news came as the…

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesShares of Novavax rose…

Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series.Charly Triballeau | AFP | Getty ImagesNintendo reported a fall in profit and revenue in its fiscal year driven by…

DUBAI, United Arab Emirates — Saudi state oil giant Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording net income of $31.9 billion down from $39.5 billion the previous year amid falling oil prices.Analysts…

In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a…

Federal Reserve in Washington, D.C.Wysiati | E+ | Getty ImagesBanking system pressures, real estate stress and persistent inflation top worries about financial stability, though the system overall remains stable, the Federal Reserve said in…

Alex Karp, CEO of Palantir Technologies, speaks at Davos Congress Centre, the venue of the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 18, 2023.Arnd Wiegmann | ReutersShares of Palantir rose as much…

Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to U.S. economic growth, according to a Federal Reserve report Monday.The Fed's quarterly Senior Loan…

People walk in front of a store along the Magnificent Mile shopping district on March 15, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesHousehold spending is expected to decrease significantly over the next year, according to a New…

Earnings for Warren Buffett's Berkshire Hathaway jumped in the first quarter, thanks in part to a rebound in the conglomerate's insurance business.Operating earnings, which encompass profits from the conglomerate's fully-owned businesses,…

The Good Brigade | Digitalvision | Getty ImagesThe unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers.The U.S. unemployment rate inched down to 3.4% last month, according to the…

Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and growing recessionary concerns.Nonfarm payrolls increased by 253,000 in April, according to data from the Bureau of Labor…

Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates for growth of 180,000,…

A Lyft decal is seen on a car in the pick-up area at JFK Airport on April 28, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesLyft shares dropped nearly 15% in extended trading on Thursday after the ride-hailing…

Pavlo Gonchar | Lightrocket | Getty ImagesWarner Bros. Discovery reported a big quarterly loss even as its direct-to-consumer segment turned a profit for the first time ever.The company also expects the DTC, or streaming, business to be…

Nicolas Jammet, chief concept officer and co-founder of Sweetgreen Inc., right, eats a salad during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 18,…

A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois.Armando L. Sanchez | Tribune News Service | Getty ImagesCarvana on Thursday said it expects to achieve positive adjusted earnings during the second quarter of…

Ferrari RomaSource: FerrariFerrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models drove a surge in profitability.  "Our…

In this photo illustration, the Paramount Global logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesParamount Global fell as much as 28% Thursday after it reported earnings and revenue that…

Peloton's shares plummeted Thursday after the company reported a wider-than-expected loss in the fiscal third quarter and acknowledged an uncertain economic backdrop.Shares were down about 13% in early morning trading.Yet the company…

An employee works at Shopify's headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShopify on Thursday announced it's cutting 20% of its workforce. The news came as it reported first-quarter earnings that beat analyst estimates on…

Chief Executive Officer (CEO) of Apple Tim Cook waves to people during the opening of the first Apple Inc. flagship store in Mumbai, India on April 18, 2023.Imtiyaz Shaikh | Anadolu Agency | Getty ImagesApple is scheduled to report fiscal…

Moderna on Thursday blew past estimates for first-quarter earnings and revenue, posting a surprise quarterly profit, despite lower demand for Covid vaccines, its only marketable product.The biotech company generated first-quarter sales of…

First-quarter sales revenue rose by 22% to 76 billion euros, Volkswagen said, primarily driven by a recovery in sales volumes in Europe and North America.Bloomberg | Bloomberg | Getty ImagesGerman giant Volkswagen on Thursday reported a…