UBS Downgrades Rivian Stock: Why Expectations May Be Too High
UBS cuts Rivian to Sell, raises target to $15, and warns that investor expectations around AI and the R2 launch may be too optimistic.
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Supreme Court Denies Hertz Appeal: $320M Owed to Bondholders After COVID Bankruptcy
US Supreme Court rejects Hertz's challenge to $320M+ bondholder payment ruling from its 2020 COVID bankruptcy, requiring make-whole premiums and higher interest rates.
Abercrombie & Fitch Shares Drop as Holiday Sales Miss Expectations
Abercrombie & Fitch stock plunged after disappointing holiday sales results, triggering a broader selloff in retail stocks including American Eagle and Urban Outfitters.
Chinese Food Delivery Stocks Jump on Regulatory Probe Into Price Wars
Chinese food delivery stocks surge as regulators investigate price wars. Meituan, Alibaba, and JD.com rally on hopes authorities will end costly subsidy battles.
Wolfe Research Downgrades Rivian: Why the Risk Is Rising
Wolfe Research cuts Rivian to Underperform with a $16 target, citing weaker fundamentals, higher losses, and growing downside risks.
GM Takes $6 Billion EV Writedown as Electric Vehicle Market Cools
General Motors (GM) announces $6 billion in EV-related charges as demand weakens and Trump eliminates tax credits, joining Ford in massive electric vehicle pullback.