S&P 500 falls ahead of Fed meeting, big tech earnings

Rivian (RIVN) to cut jobs by 6% amidst price war

Reuters reports in an exclusive story Wednesday that Rivian Automotive (NASDAQ: RIVN) is laying off 6% of its workforce in an effort to cut costs. The American EV maker, already grappling with falling cash reserves and a weak economy, is now bracing for what may be an industry-wide price war.

The falling EV prices were kicked off by cuts made recently by Elon Musk-led Tesla and Ford... More

Alphabet (GOOGL) a more defensive stock in 2023 - BofA

Ahead of Alphabet's (NASDAQ: GOOGL) earnings release on Thursday, February 2, BofA analyst Justin Post raised the firm's price target on the stock to $119 from $116, maintaining a Buy rating.

Post told investors in a research note that the firm is updating estimates for FX and the tech giant's recent cost-cutting.

"We are at revenue/GAAP EPS of $63.6bn/$1.20 vs... More

Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an

BYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More

Meta Platforms revenue and earnings growth to 'meaningfully outperform' claims Lightshed Partners

Lightshed Partners started Meta Platforms (NASDAQ: META) at Buy with a $200 per share price target on Tuesday.

Analyst Richard Greenfield said in his research piece that the firm formerly stayed on the sidelines, but now they believe that revenue and earnings growth are set to meaningfully outperform investor expectations in 2024 and 2025.

Greenfield pointed to factors such as Reels engagement, ad-targeting, CEO Zuckerberg's investor awareness, and its metaverse as positives for the stock.

"Meta's substantial investment in... More