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Rivian meets its 2024 vehicle production target after lowering projections

Rivian meets its 2024 vehicle production target after lowering projections

Business News

Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California.  Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday said it produced 49,476 vehicles last year, including 12,727 trucks […]

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Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

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CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report centers on Carvana’s practice of loan sales as well as the business relationship

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Horse racing is set for a resurgence, even as America’s oldest track closes

Horse racing is set for a resurgence, even as America’s oldest track closes

Business News

Horse race At the harness racing week on the Freehold Raceway in New Jersey: a reverse race with the sulky fixed in front of the horse – 1930. Robert Sennecke | Ullstein Bild | Getty Images America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024.  Freehold Raceway

Horse racing is set for a resurgence, even as America’s oldest track closes Read More »

Jeju Air plane crash raises questions about concrete wall at the end of the runway

Jeju Air plane crash raises questions about concrete wall at the end of the runway

Business News

The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024.  Kim Hong-ji | Reuters Aviation experts are questioning the role of an airport design that positioned a mound of dirt and a concrete wall past the end of a

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Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection

Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection

Business News

The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024. SeongJoon Cho | Bloomberg | Getty Images Boeing shares were down more than 1% in afternoon trading Monday, after South Korea ordered an inspection of all 737-800 planes — the model involved in

Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection Read More »

Boeing 737-800, the model that crashed in South Korea, is one of the world’s most popular aircraft

Boeing 737-800, the model that crashed in South Korea, is one of the world’s most popular aircraft

Business News

A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport.  Fabrizio Gandolfo | Lightrocket | Getty Images Accident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in South Korea, killing all but two of the 181 people on

Boeing 737-800, the model that crashed in South Korea, is one of the world’s most popular aircraft Read More »

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