jetcityimage Rivian Automotive (NASDAQ:RIVN) is holding an investor event on Thursday on the heels of the electric vehicle maker’s huge announcement of a partnership with Volkswagen (OTCPK:VLKAF). The company published some investor slides ahead of the event that indicated it was reaffirming guidance of 57,000 units of production for 2024.Continue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures eked out small gains Wednesday despite a bearish U.S. inventories report that included surprisingly large crude and gasoline stock builds. The U.S. Energy Information Administration said domestic crude stocks increased by 3.6M barrels last week, compared to expectations for a drawdown. Analysts viewedContinue Reading
Olemedia/E+ via Getty Images Arcadium Lithium (NYSE:ALTM) +12.7% in Wednesday’s trading as RBC Capital rates the stock as a new Outperform with a $4 price target, saying the company offers investors “the most vertically integrated, and diversified lithium and chemical exposure across our coverage.” The RBC team sees production growthContinue Reading
Spencer Platt/Getty Images News Exxon Mobil (NYSE:XOM) has taken the first step toward what will be its seventh oil project in Guyana – the Hammerhead project, which would pump as much as 180K bbl/day as soon as 2029, pending government approval – Exxon country manager Alistair Routledge told Bloomberg onContinue Reading
MF3d Solidion Technology (NASDAQ:STI) Tuesday unveiled its plan to begin expanding the production capacity of silicon-rich graphene composite materials in early 2025. Solidion Technology (STI) said that it has established a Dayton, Ohio-based facility for manufacturing silicon oxide (SiOx) and silicon (Si). The Solidion team is ready to expand the productionContinue Reading
Jun. 25, 2024 8:32 AM ETBy: Liz Kiesche, SA News Editor peterhowell/iStock via Getty Images May Chicago Fed National Activity Index (“CFNAI”): +0.18 vs. -4.0 expected and -0.25 in April (revised from -0.23). Three-month average (“CFNAI-MA3): -0.09 vs. -0.05 prior (revised from +0.01). Three of the four broad categories ofContinue Reading
Herbert Pictures Airbus (OTCPK:EADSY) (OTCPK:EADSF) on Monday cut its delivery target to about 770 airplanes from roughly 800 for this year. The European aviation giant also pushed back its target for reaching production of 75 narrow-body airplanes a month by a year to 2027. The company also announced fresh chargesContinue Reading
