Rivian Automotive on Thursday beat Wall Street’s fourth-quarter expectations and said it’s targeting a significant increase in vehicle deliveries this year, but the automaker also cautioned that it will continue losing money as it launches its crucial R2 next-generation vehicle. Rivian’s 2026 guidance includes increasing vehicle deliveries to between 62,000 and 67,000 units, which would…
Instacart shares climbed 14% during extended trading on Thursday after the grocery delivery company reported strong fourth-quarter revenue and forecast upbeat guidance. Here’s how the company did versus LSEG estimates: Earnings per share: 30 cents vs. 52 cents expected Revenue: $992 million vs. $974 million expected Revenue grew 12% from a year ago. Net income…
OpenAI has the largest private tech fundraising round on record. Rival Anthropic now has the second. Anthropic announced on Thursday the close of a $30 billion funding round at a $380 billion post-money valuation, more than double what the artificial intelligence company was worth in September, when it last raised money. The company behind Claude…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are selling off Thursday, with the Dow Jones Industrial Average , S & P 500 and Nasdaq all down more than 1%. When the market…
Smoke stacks from the Hugh L. Spurlock Generating Station are seen on June 12, 2025 in Maysville, Kentucky. Jeff Swensen | Getty Images The Trump administration on Thursday revoked a landmark scientific finding that serves as the legal foundation for federal regulations to limit greenhouse gas emissions, in a devastating blow to efforts to combat…
A Spirit Airlines plane is at George Bush Intercontinental Airport in Houston, Dec. 29, 2025. Reginald Mathalone | Nurphoto | Getty Images Spirit Airlines, trying to emerge from its second bankruptcy in less than a year, has sold another 20 of its Airbus planes and is bringing flight attendants back from furlough. The sale of…
Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.’s largest standalone asset management. The deal, sized at £9.9 billion ($13.5 billion), will create one of the world’s biggest asset management groups. Nuveen — the investment management arm…
Families won’t see relief from rising electricity prices anytime soon, as demand from artificial intelligence data centers soars while power supply grows slowly, according to Goldman Sachs. Electricity prices jumped 6.9% in year over year 2025, more than double the headline inflation rate of 2.9%, Goldman analysts told clients in a research note published Wednesday….
Tom Homan, White House “Border Czar” speaks at a press conference at the Bishop Henry Whipple Federal Building on February 4, 2026 in Minneapolis, Minnesota. John Moore | Getty Images Border czar Tom Homan on Thursday said President Donald Trump has agreed with his proposal to conclude the monthslong federal immigration enforcement surge in Minnesota….
A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Tech billionaire Eric Schmidt’s family office took the top spot in CNBC’s inaugural Inside Wealth Family Office 15 list, which ranks the most active…
