Donald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. Speaking to his supporters in Florida early Wednesday, Trump said an "unprecedented and powerful mandate" would usher...
Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected...
MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's largest owner of regional sports networks, according...
Powell and the Fed won’t be able to avoid talking about Trump forever
Federal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press corps eager to elicit the central bank leader's thoughts about President-elect Donald Trump. At some point, though, Fed policymakers, economists and analysts will need to account for what likely will be an ambitious...