Electric adventure vehicle maker Rivian (RIVN) reported second quarter results that beat estimates and, more importantly, raised its production guidance as well as narrowed its loss projection for the year. Rivian now sees an annual production target of 52,000 vehicles versus prior guidance of 50,000 vehicles. Rivian also narrowed its […]
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Spotted at Coca-Cola (KO): The “disinflationary process” recently touted by Federal Reserve Chair Jerome Powell. The maker of Coke Zero and Costa coffee said it sees 2023 mid-single-digit percentage commodity cost inflation. In 2022, higher costs for things like sweeteners and aluminum for cans led to the beverage giant feeling […]
Poshmark (POSH) is ready for its next chapter after South Korean internet company Naver agreed to buy the peer-to-peer digital marketplace for $1.2 billion in cash on Tuesday. “It’s a great win for our shareholders, it’s a great win for our employees, and ultimately, it’s a very good win for […]