Tag: cost

Rivian Gets $5 Billion Lifeline, but Will It Regret the Cost?

Rivian (NASDAQ: RIVN) made a huge announcement on Tuesday that Volkswagen will invest up to $3 billion in the company, and the two companies will start a joint venture to share vehicle architecture. In this video, Travis Hoium breaks down the deal and why Rivian may have bought itself time, but not changed its fate […]

FedEx forecasts fiscal 2025 profit above estimates on cost cuts; shares jump

(Reuters) -FedEx forecast 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of the company rose more than 16% in trading after the bell, while those of rival United Parcel Service were […]