Rivian Automotive Inc. stock rose 2% in the extended session Wednesday after the electric-vehicle maker posted a narrower-than-expected quarterly loss and kept its 2022 production estimates intact despite saying supply-chain Read more
Tag: Supply Chain
Apple, Pepsi among newest to join alliance buying greener concrete and steel
PepsiCo Inc., Apple Inc. and Rio Tinto PLC can be counted among the newest members of a corporate alliance committing $12 billion to purchasing near-zero-carbon steel, aluminum, cement and other products with the intention Read more
Opinion: Opinion: Republican Congress wouldn’t reduce inflation. It would be a disaster.
BERKELEY, Calif. (Project Syndicate)—Inflation now tops the list of concerns for many voters in the United States. But if they use this week’s midterm election to protest inflation, they could tip control Read more
Opinion: Supply-side challenges frustrate the Fed and other central bankers
These are tough times for central bankers. As they tighten monetary policy to combat inflation, governments in the U.S., U.K. and EU spend too much, and supply-side problems are becoming Read more
Aston Martin Lagonda global Q3 loss doubled; lowers 2022 guidance
Aston Martin Lagonda Global Holdings PLC AML, -11.71% said Wednesday that its loss for the third quarter more than doubled amid supply-chain challenges and foreign exchange revaluations and it lowered Read more
Inflation is coming for your Christmas tree
If you’re planning on buying a Christmas tree this year, start thinking about it now — and maybe even put some money aside. Supply-chain disruptions and global inflation have affected Read more
Black Friday is Nov. 25: Will there be any deals?
Here’s how experts predict the shopping event will shape up this year. Inflation will impact deals Inflation has driven up the cost of all goods by 8.2% between September 2021 Read more
Volvo Car Q3 earnings hit by higher raw material costs; though demand robust
STOCKHOLM–Volvo Car AB VOLCAR.B, +1.61% said Thursday that higher raw-material costs, spot buying of semiconductors and logistics costs hit third-quarter earnings, though demand remained robust. The auto maker said manufacturing Read more
Sleep Number stock tanks amid slashed earnings forecast, ‘historically low’ consumer sentiment
Shares of Sleep Number Corp. were getting pummeled in late trading Wednesday after the maker of “smart beds” slashed its earnings forecast as it deals with the twin challenges of Read more
Ford takes big charge as autonomous startup Argo AI shuts down, earnings head for low end of guidance
Ford Motor Co. on Wednesday reported third-quarter results that beat expectations, but the auto maker forecast full-year adjusted profit at the low end of its expectations and booked a big Read more