Rivian Lays Off Hundreds as R2 Launch Moves Ahead
Rivian said it would lay off hundreds of workers, or less than 2% of its workforce, as it works to profitably scale with the R2.
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Survey Shows Working Parents Feel They Can’t Give 100% At Work Or Home, Pew Finds
A Pew Research Center survey of 2,242 working parents finds widespread struggle to balance job responsibilities with family needs.
Thames Water on the Brink: Lenders’ Rescue Plan Faces Government Pushback
Thames Water faces a £10bn rescue plan from its lenders that could involve debt write-down and leniency on penalties, drawing government scrutiny and the...
Oil-Change Costs Rise as Iran Conflict Cranks Lubricant Prices
The Iran conflict has pushed up the price of base oil used in synthetic motor oils, raising oil-change costs and squeezing shop margins as...
SpaceX Buys AI Coding Start-Up Cursor for $60 Billion Days After IPO
SpaceX agrees to buy Cursor for $60 billion, weeks after its Nasdaq IPO, expanding its AI toolkit alongside xAI and Grok, while Cursor’s technology...
Carvana Expands Into New Vehicles, Sparking Debate Over U.S. Auto Retail Structure
Carvana is extending its footprint into new-vehicle franchises, primarily selling Stellantis’ brands, in a move that industry sources say could disrupt the long-standing franchised...
Yum Brands Sells Pizza Hut to LongRange Capital and Yum China for $2.7 Billion
Yum Brands is selling Pizza Hut to LongRange Capital for roughly $1.5 billion, with Yum China acquiring China locations for about $1.2 billion.
Back-To-School Bonus Opens Jersey Wallets With Up To £150 Per Child
Jersey has unveiled a Back to School Bonus to help families cover uniforms, stationery and other school essentials.
Renter’s Market Varies Widely Across U.S., Fueled by a New-Apartment Boom
Rents are diverging across U.S. cities as a construction boom creates more apartment supply in some areas and fierce competition in others.