Rivian stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create "cutting edge" EV technology. Rivian (RIVN) and the German-based car maker ...
Morningstar40m
Cava's stock rallies 16% as Chipotle competitor vies to be 'next major cultural cuisine'
Cava Group Inc. shares jumped more than 16% in the extended session Tuesday after the fast-casual restaurant chain presented investors with another double-digit rise in foot traffic and raised its ...
Morningstar38m
Spirit may be at the end of its runway as Frontier talks break down, bankruptcy looms
Talks between the two ultra low-cost carriers are no more, WSJ reports Spirit Airlines Inc. shares fell more than 60% in the after-hours session Tuesday after the Wall Street Journal reported it was ...
Morningstar41m
Instacart's weak outlook for the end of the year drags the stock lower
Shares of Instacart dropped more than 7% in the extended session Tuesday after the company, formally Maplebear Inc., showed investors a weaker outlook for the current quarter, raising fears of cooling ...
SoundHound diversifies its business beyond cars, but the hot AI stock retreats
SoundHound is boosting its revenue outlook for next year and now calls for $155 million to $175 million, while the prior forecast was for upwards of $150 million. The company also now models $82 ...
Morningstar31m
Bayer's Near-Term Outlook Dominated by Crop Science Uncertainty and Generic Pressures
We believe Bayer has created a narrow economic moat on the basis of the competitive advantages of the healthcare group. Bayer is evaluating the divestitures of the crop science and consumer healthcare ...