Text size Rivian vehicles Courtesy of Rivian Electric truck start-up Rivian Automotive reported fourth-quarter results Thursday afternoon. Sales and the bottom line missed Street expectations. That’s not as big a deal as guidance, which looks light, too. Rivian (ticker: RIVN) stock was tumbling in after-hours trading. Rivian reported a loss of $4.83 a share on […]
Interactive Platoon Co. PTON -4.91% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
LONDON—The British government ratcheted up pressure on Kremlin-linked businesspeople, sanctioning a handful of Russian oligarchs, including Roman Abramovich, the billionaire owner of British soccer club Chelsea FC. It was the first time any Western government has moved on Mr. Abramovich. His trophy assets, including Chelsea, high-end property in London and mega yachts, have helped turn […]
Interactive Platoon Co. PTON -4.78% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly […]
US stock futures declined, while oil prices rose sharply, as investors monitored developments surrounding Russia’s invasion of Ukraine and awaited fresh inflation figures. Futures for the S&P 500 declined 1% Thursday, while contracts for the tech-focused Nasdaq-100 fell 1.4% and futures for the Dow Jones Industrial Average were 0.6% lower. All three indexes broke a […]
WASHINGTON—The price of bitcoin rose on Wednesday as cryptocurrency advocates cheered President Biden’s executive order directing agencies across the federal government to consider new regulations for digital currencies. The order, titled “Ensuring Responsible Development of Digital Assets,” outlined the risks cryptocurrencies pose to the economy, national security and climate, while also noting their possible benefits. […]
US stocks climbed and oil prices dropped Wednesday, extending a volatile spell as investors track the economic fallout of the war in Ukraine. The S&P 500 rose 1.9%, while the technology-focused Nasdaq Composite Index added 2.3%. The Dow Jones Industrial Average advanced 590 points, gold 1.8%. All three indexes are poised to break a four-session […]
European oil giants Shell SHEL 3.18% PLC and BP BP 5.21% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t […]
When 20-year-old Russian athlete Ivan Kuliak stepped onto the podium at the Gymnastics World Cup beside event winner Illia Kovtun from Ukraine, a barely discernible symbol on his uniform prompted an official investigation into his conduct and widespread condemnation from the international community. The letter Z—taped in white over Mr. Kuliak’s white shirt as he […]
The Dow Jones Industrial Average dropped more than 700 points, putting the blue-chip gauge on track to enter a correction, as surging oil prices deepened concerns about economic growth. The Dow industrials were recently down 2.1%, or about 713 points, following four consecutive weeks of losses. At that level they would close in a correction, […]
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