Rivian Automotive (RIVN) Q1 2025 earnings

Rivian Automotive (RIVN) Q1 2025 earnings

Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive on Tuesday beat Wall Street’s expectations for the first quarter and confirmed its 2025 earnings targets, but negatively adjusted its 2025 targets for vehicle deliveries and capital spending amid President…

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Comcast SpinCo chooses corporate name Versant

Comcast SpinCo chooses corporate name Versant

Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker. The new company chose Versant (pronounced like the root of the word “conversant”) to emphasize its versatility and its familiarity with multiple subjects, according to Chief…

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Hispanic shoppers are spending less on groceries, pressuring companies

Hispanic shoppers are spending less on groceries, pressuring companies

Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown…

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Inside GM’s battle to revive Cadillac as the American luxury car brand

Inside GM’s battle to revive Cadillac as the American luxury car brand

The “Saarinen Lobby” inside General Motors’ global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan. GM WARREN, Mich. — Walking into General Motors’ global design headquarters is like taking a step back in time. Much of the midcentury-modern architecture and designs have remained untouched since the space opened in…

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Eli Lilly (LLY) earnings Q1 2025

Eli Lilly (LLY) earnings Q1 2025

The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty Images Eli Lilly on Thursday reported first-quarter revenue and earnings that topped estimates as demand for its weight loss and diabetes drugs soared, but lowered its full-year profit…

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