Rivian to cut 4.5% of workforce, over 600 jobs, as EV sales face slowdown after expiry of $7,500 US federal tax credit. Rivian Automotive is laying off 4.5 per cent of its workforce, or over 600 employees, an internal email showed on Thursday, as the electric-vehicle maker contends with weakening demand following the expiry of… Continue reading Rivian Automotive to cut over 600 jobs as EV demand flags after tax credits expire
Tag: Financial Results
German Handelsblatt: Due to a change in strategy: sports car manufacturer Porsche reports a 95.9 percent drop in profits011694
Sluggish sales in China, combustion engine comeback, change of boss: Porsche has not been able to calm down for months. Now the former profit giant in the Volkswagen Group is even reporting red numbers for a quarter. Go to Source
Shareholder Alert: The Ademi Firm investigates whether Adverum Biotechnologies, Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE, Oct. 24, 2025 /PRNewswire/ — The Ademi Firm is investigating Adverum (Nasdaq: ADVM) for possible breaches of fiduciary duty and other violations of law in its transaction with Eli Lilly. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no… Continue reading Shareholder Alert: The Ademi Firm investigates whether Adverum Biotechnologies, Inc. is obtaining a Fair Price for its Public Shareholders
212NYC New York’s Digital Advertising Club Honors Industry Trailblazers at 11th Annual Gala
The 212NYC Annual Gala serves as a key moment each year for 212NYC and the New York advertising community. It’s a time to recognize how far the industry has come and celebrate the connections that have fueled its growth. “Since 2002, 212NYC has been at the heart of the digital advertising revolution,” said Ritu Trivedi,… Continue reading 212NYC New York’s Digital Advertising Club Honors Industry Trailblazers at 11th Annual Gala
FEDERAL HOME LOAN BANK OF BOSTON ANNOUNCES 2025 THIRD QUARTER RESULTS, DECLARES DIVIDEND
BOSTON, Oct. 24, 2025 /PRNewswire/ — The Federal Home Loan Bank of Boston announced its preliminary, unaudited third quarter financial results for 2025, reporting net income of $66.0 million for the quarter. The Bank expects to file its quarterly report on Form 10-Q for the quarter ending September 30, 2025, with the U.S. Securities and… Continue reading FEDERAL HOME LOAN BANK OF BOSTON ANNOUNCES 2025 THIRD QUARTER RESULTS, DECLARES DIVIDEND
German Handelsblatt: Car manufacturer: Porsche deep in crisis: Sports car manufacturer reports quarterly loss of almost one billion euros011691
The decline in sales in China and US tariffs are putting a heavy burden on the German sports car manufacturer. Further positions are to be eliminated. Porsche is focusing on a new strategy. Go to Source
German Handelsblatt: Due to a change in strategy: sports car manufacturer Porsche reports a 95.9 percent drop in profits011690
Sluggish sales in China, combustion engine comeback, change of boss: Porsche has not been able to calm down for months. Now the former profit giant in the Volkswagen Group is even reporting red numbers for a quarter. Go to Source
German Handelsblatt: Car manufacturer: Porsche deep in crisis: Sports car manufacturer reports quarterly loss of almost one billion euros011689
The decline in sales in China and US tariffs are putting a heavy burden on the German sports car manufacturer. Further positions are to be eliminated. Porsche is focusing on a new strategy. Go to Source
HKEX CEO Bonnie Chan says geopolitics and economic uncertainty may dim IPO outlook
Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting cautioned that the fundraising bonanza in the city, which leads the global initial public offering (IPO) rankings this year, could slow down amid geopolitical and economic risks. “I would say that we need to be very conscious that the world is still under a lot… Continue reading HKEX CEO Bonnie Chan says geopolitics and economic uncertainty may dim IPO outlook
Magna (MGA) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
The market expects Magna (MGA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2025. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to… Continue reading Magna (MGA) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release