'Rock of Ages' LA Premiere
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The company also cut its annual capital expenditure forecast by $550 million to $1.2 billion, as it moved the start of production of its R2 midsize SUV to its Normal, Illinois plant. Analysts were expecting capital spending of $1.59 billion. In March, Rivian, known for its larger R1S SUVs and R1T pickup trucks, said it would start producing the more affordable R2 vehicles at its existing Illinois factory to speed up deliveries in the first half of 2026 instead of a proposed plant in Georgia.
Chaos has been reported at airports across the UK as the border sytem went down as part of a nationwide outage. “Our staff are working with UK Border Force - who operate passport control including the e-gates - to provide assistance to passengers where necessary.”
Parents are risking the lives of birds by painting them red and blue in a social media craze imported from the US, the RSPCA has warned.
Consistent Performance with a Focus on Credit Quality and Strategic Investments
General Electric officially split into GE Aerospace and GE Vernova in April. GE Aerospace now trades at its best level since the 2008 meltdown.
Shares of the social media platform were up 17% in extended trading. The results follow strong earnings from rivals including Snap and fan optimism that marketers are ramping up spending this year, after an ad market slump in 2023 caused by sticky inflation and an uncertain economic outlook. Reddit is also trying to diversify revenue by licensing its user-generated content for the training of data-hungry AI models.
Calling AI 'underhyped,' Eric Schmidt believes Google will be able to monetize AI answers and improve advertising.
Dortmund hold a one-goal advantage heading into the match after their victory in the first leg
Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps. Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid and Plenty of Fish, among others - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy.
Rivian (RIVN) reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Illinois, plant and trimmed its capital expenditure forecast.
The Federal Reserve decided to keep rates steady after its two-day Federal Open Market Committee meeting, causing some uncertainty over the central bank's next move. However, following recent inflation data and April's jobs report, there might be room for the Fed to change rates. Schwab Asset Management CEO and CIO Omar Aguilar joins Market Domination to give insight into the Federal Reserve, the economy's growth, and more. Aguilar explains his predictions for rate cuts in this current environment: "Our estimate based on what we see, the economy is slowing down as well as the inflation finally getting to the point where the Fed might look at options, put us into 1 or 2 rate cuts for this year, most likely starting, more in the fall, more like in September, with still slight probability to do it in July. But certainly, I think the data on inflation will have to give plenty of reasons for the Fed to make that move in July." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed for bankruptcy protection on Monday, hopes to keep all of its hospitals open over the long term, Steward attorney Ray Schrock told U.S. Bankruptcy Judge Chris Lopez, who is overseeing the Chapter 11 proceedings. "Our goal remains that there are zero hospitals closed on our watch," Schrock said.
Cameras were rotated to give a spinning feel as Alexander and the dancers performed.
Canada's federal court has struck down a decision by Ottawa to hand over a sizeable portion of fishing licences off Nunavut's coast to non-Inuit operations, saying that decision was unreasonable.Nunavut Tunngavik Inc. (NTI) and the Qikiqtani Inuit Association (QIA), who filed the lawsuit, have hailed this as a "significant victory." In a ruling handed down on April 26, Federal Court Justice Paul Favel said a 2021 decision by then-Fisheries and Oceans minister Bernadette Jordan to reissue fishing
The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data. For the fourth quarter, the company, which also makes games like "Star Wars Jedi: Survivor", posted bookings of $1.67 billion, missing estimates of $1.77 billion.
HALIFAX — Vulnerable Nova Scotia children are at risk of receiving inadequate care because of weak oversight within the province's youth home and temporary care network, says the province's auditor general. Kim Adair told a news conference Tuesday the most concerning finding from her new report is the lack of regular contact between children and social workers, which she said impacts the staff's ability to produce proper care plans. "In almost half of our samples, social workers did not meet the
Want to live on one income and support a stay-at-home parent? This guide will help you get started. Find out how to adjust your finances to meet this goal.
Revenue surged 28 percent in the first quarter of the year.
The Biden administration revoked export licenses from Intel (INTC) and Qualcomm (QCOM) for the supply of chips to Chinese tech company Huawei, according to a report from the Financial Times. Market Domination Anchors Jared Blikre and Josh Lipton break down the latest developments for these chip companies and what it means for their stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
The Redwood City, California-based company, whose shares were down about 4% in extended trading, also authorized a new three-year stock buyback plan totaling $5 billion. The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data.