Uber, DoorDash, Coinbase and more

Uber Eats delivery Jonathan Raa | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Uber, DoorDash – Shares of Uber slumped 4.6% and DoorDash fell 9% on news that Amazon agreed to take a stake in Grubhub in a deal that will give Prime subscribers a one-year membership to the … Read more

Rivian says it’s still on track to build 25,000 EVs in 2022

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric-vehicle startup Rivian Automotive said it produced more than 4,000 vehicles in the second quarter and that it remains on track to build 25,000 vehicles in 2022. Shares of Rivian were up about … Read more

Top Wall Street analysts say buy Rivian and Nio

A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Investors just can not seem to find a trough in this bear market, and are struggling to hold on to any optimism amid growing concerns of a possible recession. However, the key to surviving a bear market … Read more

Target will cover employees’ travel to other states for abortions

A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned, according to a company memo obtained by CNBC. The new policy will take effect in July, according to the … Read more

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar’s stock began trading on the Nasdaq exchange one day after it completed its merger with the SPAC Gores Guggenheim. The … Read more

Electric vehicle raw material costs doubled during pandemic

Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., On Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Raw material costs for electric vehicles more than doubled during the coronavirus pandemic, according to a new report Wednesday … Read more

GM is raising the price of its Hummer EV starting this weekend

GMC Hummer EV Edition 1 Michael Wayland | CNBC GM said Friday that it is increasing the price of its electric Hummer by $ 6,250, effective Saturday. The company blamed higher prices for parts, technology and logistics. All reservations placed before Saturday are exempt from the increase, the company said. The Hummer EV pickup truck … Read more

Snowflake, Apple, Amazon, Nike, Robinhood

Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. “Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial opportunity … Read more

Worker shortage, supply chain crisis fuel 2022 Top States for Business

A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $ 1.5 billion in subsidies to bring a new $ 5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images It … Read more

Netflix, Snap, Tesla, Home Depot, GameStop

Here are Thursday’s biggest calls on Wall Street: Piper Sandler downgrades Pinterest and Snap to neutral from overweight Piper downgraded Pinterest and Snap due to slowing digital ad growth. “After a strong two-year stretch, digital ad spend looks to be normalizing. Group multiples have declined and are ~ 40% off recent highs, but history suggests … Read more