DOE Slashes Rivian Loan by $2B to $4.5 Billion – But Funds Come Earlier
Rivian gets up to a $4.5B US loan for its Georgia factory, $2B less than planned; funds arrive earlier in 2027, boosting output and starting R2 production.
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Rivian gets up to a $4.5B US loan for its Georgia factory, $2B less than planned; funds arrive earlier in 2027, boosting output and starting R2 production.
Apple beat forecasts with $111B sales, strong iPhone demand, rising services and Macs, AI spending up, outlook strong, stock rose.
Reddit beat Q1 expectations, raised outlook, ad revenue and users grew, stock jumped after strong earnings report.
Roblox cuts forecast after safety changes hurt users and spending; stock drops. Fewer players than expected.
Beyond Meat stock jumped after setting its earnings date. Investors are hopeful for better results and possible positive surprises ahead.
Nvidia fell as big tech boosts AI spending but builds its own chips, reducing reliance on Nvidia despite higher overall investment.