Rivian CEO RJ Scaringe is warning that the upcoming battery shortage is going to make the current chip shortage look like a “small appetizer.”
The warning comes almost a decade after Tesla announced plans for a battery gigafactory when the automaker sent similar warnings to the auto industry.
To be fair...
Bank of America posted first-quarter profit on Monday that exceeded analysts’ estimates, helped by the better-than-expected credit quality of its borrowers.
Here are the numbers:
Earnings: 80 cents a share vs 75 cents a share Refinitiv estimate.
Revenue: $23.33 billion vs $23.2 billion estimate
The bank said that profit declined 12% to $7.07...
Former Twitter CEO Jack Dorsey slammed the board's "dysfunction" as it handles billionaire Elon Musk's offer to purchase the company.
"If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding...
Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable.
Builder confidence in the market for new single-family homes fell 2 points to 77 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Any...
James Phillips joins Stripe as President of Financial Services after decade at Microsoft as the payments giant continues impressive growth trajectory
Payments platform Stripe has added another heavyweight executive to its ranks with the announcement of James Phillips joining as President of Financial Services after a decade at Microsoft driving...
The expert view on how Digital ecosystems and how Big Tech is redefining the financial services space by expanding the digital ecosystem
Big Tech first pioneered the concept of business ecosystems to monetise its technology platforms and customer relationships. Ecosystem-based strategies are primarily collaborative models, set up with the knowledge...
