Rivian's Q3 2023 production and delivery numbers show significant growth, with a record-breaking 16,304 electric vehicles produced and 15,564 units delivered, but the company still faces financial challenges and has spent a substantial amount of its cash reserves.
Gold and silver prices continue to decline due to a strong US dollar and rising Treasury yields, with both metals reaching new lows and experiencing a downward trend, while the stock market sell-off is limiting losses and generating some safe-haven demand.
Elon Musk is facing a lawsuit for defamation after falsely claiming that a recent college graduate was a federal agent operating undercover with a neo-Nazi organization, resulting in the individual being subjected to harassment and doxing.
X Social Media has filed a trademark infringement lawsuit against X Corp., the company behind Twitter's rebrand to X Corp., alleging that the rebrand has confused consumers and led them to believe that the ad services offered by X Social Media are associated with the Musk-led company.
The Social Security Administration is expected to announce a 3.2% increase in the annual cost-of-living adjustment (COLA) for 2024, providing additional financial assistance to the approximately 67 million Social Security beneficiaries with an average monthly benefit of $1,790.
The US Federal Communications Commission (FCC) has fined Dish Network $150,000 for violating anti-space debris rules by failing to properly de-orbit its EchoStar-7 satellite, highlighting the FCC's strong enforcement capabilities regarding space debris.
Meta is reportedly considering charging its European users around $14 a month for an ad-free version of Instagram if they refuse to allow the company to use their personal data for targeted ads due to strict privacy rules in the European Union.
The Girl Scouts of the USA will no longer offer their Raspberry Rally cookies during the upcoming cookie season, prioritizing their classic cookie varieties instead.
FTX founder Sam Bankman-Fried considered paying Donald Trump $5 billion to not run for president in 2024, according to author Michael Lewis, but the proposal did not materialize and Bankman-Fried's crypto empire collapsed, resulting in his criminal trial for fraud.
JPMorgan Chase CEO Jamie Dimon predicts that artificial intelligence will lead to a shortened workweek and significant value for the bank, though it may also result in job displacements.
Former Abercrombie & Fitch CEO, Mike Jeffries, and partner Matthew Smith are being accused of arranging private "sex events" with young men, some of whom believe they were drugged and raped, leading US prosecutors to recommend a formal investigation into potential sex trafficking violations.
The Supreme Court's upcoming ruling on the funding structure of the Consumer Financial Protection Bureau (CFPB) could have far-reaching effects, potentially challenging the operations of the agency and opening the door for challenges to other agencies funded separately by Congress.
SmileDirectClub, a company known for its invisible aligners, has filed for Chapter 11 bankruptcy due to various factors including the COVID-19 pandemic, supply chain challenges, labor force shortage, shifting consumer behavior, and ongoing litigation.
Tesla has released a less expensive Model Y variant in the U.S. following a larger-than-expected decline in third-quarter deliveries, which may help increase sales but put pressure on prices and margins.
The former CEO of Abercrombie & Fitch has been accused of exploiting young men for sex at events he and his partner hosted around the world, according to a BBC investigation, with allegations of sexual "auditions," abuse, and cash payments made to participants.
Bill Ackman, CEO of Pershing Square Capital Management, has expressed interest in taking part of X (formerly known as Twitter) public through a deal with Elon Musk.
Rising mortgage rates are impacting home affordability, which has been declining since early 2021, causing some sellers to reduce their asking prices, but the lack of available properties remains a challenge for most buyers.
Credit Human is offering a record rate of 6.00% APY on a nationally available CD for terms between 12 and 17 months, with other CDs also offering high rates of at least 5.75% APY, while the Federal Reserve is considering a possible rate hike in November or December.
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Kellogg has split into two separate companies, Kellanova and WK Kellogg, with shares of both falling in their first day of trading after the separation.
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Zoom Video Communications is launching Zoom Docs in an effort to compete against Microsoft and Google as the work-from-home trend subsides.
Taco Bell is bringing back its Taco Lover's Pass, allowing customers to redeem one taco per day for 30 days, and introducing a new breakfast taco featuring scrambled eggs and a choice of sausage, bacon, or breakfast potatoes.
U.S. job openings unexpectedly rose in August, signaling a strong labor market despite higher interest rates, which may increase the likelihood of aggressive actions by the Federal Reserve.
LinkedIn is introducing artificial intelligence features that will allow recruiters to find job candidates through natural language queries, and marketing professionals to easily create ad campaigns, in an effort to focus on skills rather than job titles and expand its services beyond traditional search engine techniques.
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Chinese automaker BYD is set to surpass Tesla as the world's largest seller of electric vehicles, with sales of 431,603 fully-electric vehicles in Q3, just 3,456 units shy of Tesla's global delivery figures, driven by BYD's expansion into luxury EV brands and increased exports.
The 10-year Treasury yield reaches its highest level since 2007 as investors consider the state of the economy and await key labor market data that could inform Federal Reserve monetary policy.
TikTok is testing a monthly subscription service that offers an ad-free experience, but it is currently only available in one market outside of the U.S. and may not be expanded further.
Tesla has unveiled a cheaper version of its Model Y SUV, the Model Y RWD, in response to a slowdown in global electric vehicle sales, offering a range of 260 miles and a price tag of $43,990, and qualifying for the full $7,500 federal EV tax credit.
A judge has ruled that four Tesla drivers who sued the company over its "self-driving" claims will have to pursue arbitration instead of a class action lawsuit.
The National Highway Traffic Safety Administration (NHTSA) is expanding its investigation into Ford trucks and SUVs built with a faulty valve that could lead to engine failures, covering a total of 708,000 vehicles from model years 2021 and 2022.
All 10 pharmaceutical companies selected for Medicare drug price negotiations have agreed to participate, despite previous lawsuits, in an effort to make necessary medications more affordable for older Americans.
Krispy Kreme is considering selling its Insomnia Cookies unit to focus on its primary business of selling doughnuts, with Insomnia Cookies expected to generate around $230 million in revenue in fiscal year 2023.
Chipotle has introduced an automated digital "makeline" that uses robots to assemble bowls and salads, with human employees incorporating the ingredients into burritos and other items, in an effort to meet the demands of increasing online orders while not replacing workers.
A New Jersey appeals court has overturned a $223.8 million verdict against Johnson & Johnson in a trial over claims that their talc powder products caused cancer, stating that the lower court judge should not have allowed certain expert testimony.
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The Russian ruble weakens beyond 100 to the US dollar as foreign currency outflows and a shrinking balance of trade continue to impact the currency amid Western sanctions and the war against Ukraine.
Netflix is planning to raise the price of its ad-free service after the Hollywood actors' strike ends, likely starting with the United States and Canada, according to the Wall Street Journal.
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