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☆ What's next for the S&P 500 after hitting a record? Nvidia is the key
  + stars: | 2024-02-22 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Where markets go next may well depend on how Nvidia does after going forward. "The answer here will depend on NVDA," Tom Essaye of The Sevens Report wrote in a Thursday note. "The stock is at an all-time high ... and if it can hold (or extend) this rally ... it'll imply that tech can help lead this market higher." Nvidia and other artificial intelligence darlings, including Meta Platforms, powered the broader market last year, while other stocks underperformed. I'd rather take it elsewhere in something that hasn't had as much of a run as Nvidia has."
Persons: Tom Essaye, Essaye, Patrick McDonough, Solita Marcelli, Charles Ashley, hasn't, Said PGIM's McDonough Organizations: Nvidia, Revenue, Nasdaq, VanEck Semiconductor, Federal Reserve, Meta, UBS Global Wealth Management, Catalyst Funds
☆ Rivian is slashing 10% of staff. Read the email it sent to its workers.
  + stars: | 2024-02-21 | by ( Grace Eliza Goodwin | Grace Kay | ) www.businessinsider.com   time to read: +5 min
Despite doubling its EV deliveries in 2023, Rivian reported a $5.4 billion loss for the year. In an email to Business Insider, Rivian did not specify exactly how many salaried staff members would be cut, but said that it has 16,700 total employees, including both salaried and hourly workers. Here's the full email that Rivian CEO RJ Scaringe sent out to staff on Wednesday, announcing that layoffs would be coming on Thursday. Tomorrow, we're reducing our salaried employees by approximately 10% along with a limited number of non-manufacturing hourly employees. Also, anyone impacted tomorrow will still be eligible for our FY'23 bonus.
Persons: Rivian, Claire McDonough, Jacob Bourne, Bourne, Tesla, Scaringe, RJ Scaringe Organizations: Bloomberg, Business, Intelligence, Ford, General Motors, Dealers
☆ Capital One plans to acquire Discover — here's what that could mean for credit card and banking customers
  + stars: | 2024-02-20 | by ( Sophia Acevedo | Sarah Silbert | Banking Reporter | ) www.businessinsider.com   time to read: +4 min
Capital One plans to acquire Discover in an all-stock deal valued at $35.3 billion, pending approval. On Monday, Capital One Financial announced its plans to buy Discover Financial Services. Here's what you need to know about the deal and what it could mean for current Capital One and Discover customers. Capital One credit cards are part of the Visa and Mastercard credit card networks. The Wall Street Journal reports that Capital One is planning to switch some of its credit cards to the Discover network.
Persons: —, Simon Blanchard, Alvin Carlos Organizations: Discover, Service, Financial, Discover Financial Services, Capital, Visa, Mastercard, Georgetown University's McDonough School of Business, Street Journal, CFA, CFP, District Capital Management
☆ Henry Cavill reignites sex scenes discourse for 2024: 'They're overused these days'
  + stars: | 2024-02-11 | by ( Eve Crosbie | ) www.businessinsider.com   time to read: +3 min
Henry Cavill has weighed in on the debate surrounding the use of sex scenes in film and TV. I'm not a fan," Cavill said, agreeing with Vaughn, who said he "can't get my head around sex scenes." The " Witcher " actor said there are occasions where he thinks sex scenes are "beneficial" to a film's narrative, "but I think sometimes they're overused these days." "It's when you have a sense where you're going, 'Is this really necessary or is it just people with less clothing on?'" Explaining the online resistance to sex scenes, some have pointed to the fact that younger generations, millennials and Gen Zers, have different attitudes than older audiences.
Persons: Henry Cavill, Penn Badgley, Blake Lively, Jameela Jamil, —, Matthew Vaughn, Cavill, I'm, Vaughn, WxQDIHSXSz, — Lisa, He's, there's, they're, Neal McDonough, Charles Brandon, Gen Zers Organizations: Service, Netflix, UCLA
☆ The 10 youngest starting quarterbacks to win the Super Bowl
  + stars: | 2024-02-07 | by ( Mykenna Maniece | ) www.businessinsider.com   time to read: +1 min
Patrick Mahomes won his first Super Bowl with the Kansas City Chiefs at 24 years, 4 months, and 16 days old. Mahomes celebrates the Chiefs' win in Super Bowl LIV. John W. McDonough/Sports Illustrated/Getty ImagesDuring the 2019-2020 season, Mahomes led Kansas City to its first Super Bowl appearance since 1970. He had two passing touchdowns and one rushing touchdown to help the Chiefs beat the San Francisco 49ers 31-20, ESPN reported, and he became the youngest quarterback ever to win the Super Bowl MVP award. And I'm lucky enough that I just have a lot of great people around me that I have a chance to go out there every single year and compete."
Persons: Patrick Mahomes, Bowl LIV, John W, Mahomes, I've Organizations: Kansas City Chiefs, Mahomes, Chiefs, Bowl, McDonough, San Francisco 49ers, ESPN, Super, NFL Locations: Kansas City
☆ New sports streamer will change TV as we know it — and may start an industry fight. Execs tell me what they really think.
  + stars: | 2024-02-07 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +8 min
The new sports streamer that Disney, Warner Bros., and Fox announced Tuesday is a really big deal that could reshape TV . And then they charge the big pay TV distributors a ton to carry their broadcasts of those games. Which may explain why, up until Tuesday, they hadn't told any of the pay TV companies or sports leagues about their plans, industry executives tell me. But if you're the kind of person who's buying an antenna to watch sports TV, you're not going to buy this thing anyway.) Also: The big TV guys didn't like it in 2015 when HBO started competing with them by selling itself as a stand-alone service.
Persons: they're, Nathan McAlone, Nathan, Justin Casterline, Peacock, John W, I'm, Michael Nathanson, —, they'd Organizations: Service, Warner Bros, Fox, Business, NFL, CBS, NBC, Hulu, YouTube, Disney, ESPN, Warner Bros ., Comcast, Sports, McDonough, Getty, NBA, TNT, TBS, DirecTV, Verizon, AT, HBO
☆ Warren Buffett's Berkshire Hathaway is an epic turnaround story — and its latest deal looks a winner, expert says
  + stars: | 2024-02-01 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
Warren Buffett's Berkshire Hathaway is the result of an incredible turnaround, Jacob McDonough said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe rise of Warren Buffett's Berkshire Hathaway is a remarkable turnaround story, a chronicler of the company's early days said. He was referring to Diversified Retailing, Blue Chip Stamps, and Berkshire, which was a textile company when Buffett acquired it in 1965. They shuttered Berkshire's floundering textile business in 1985.
Persons: Warren, Berkshire Hathaway, Jacob McDonough, —, Warren Buffett's Berkshire Hathaway, Chip Stamps, Buffett, Charlie Munger, Munger, McDonough, Kraft Heinz, Bryan Metzger, Pilot McDonough, Berkshire's Organizations: Berkshire, Service, England Textile, Chip, Apple, Travel Centers, Nike, Coke, Netflix, McDonough Investments Locations: Warren, Berkshire, England, Windsor Heights , Iowa
☆ Transgender Veterans Sue to Have Gender-Affirming Surgery Covered by Department of Veteran Affairs
  + stars: | 2024-01-25 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
A group of transgender veterans filed a lawsuit Thursday seeking to force the Department of Veteran Affairs to begin providing and paying for gender-affirming surgeries. A spokesperson for the Department of Veterans Affairs said it does not comment on ongoing litigation. But he pointed to 2021 statements from Veteran Affairs Secretary Denis McDonough, who said the VA was beginning a years long rulemaking process that would result in providing gender-affirming surgeries. McDonough said the VA would use the time to “develop capacity to meet the surgical needs” of transgender veterans. Natalie Kastner, a 39-year-old disabled veteran from Texas, said she went to the VA in 2022 seeking surgery.
Persons: Rebekka Eshler, Denis McDonough, McDonough, “, ” Eshler, Natalie Kastner, ” Organizations: Department of Veteran Affairs, Transgender American Veterans Association, United States, Appeals, Federal Circuit, Department of Veterans Affairs, Veteran Locations: Washington, Texas
☆ 'Sound of Freedom' studio looks to build on crowdfunding success with new film 'The Shift'
  + stars: | 2023-11-30 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +3 min
Angel Studios is set to release "The Shift" this Friday. A relative newcomer to Hollywood, Angel Studios uses a Kickstarter-style method of generating funds. "Innovation and outside the box thinking has put Angel Studios on the map. "Sound of Freedom" isn't the only Angel Studios title to exponentially overperform its budget. A crowdfunding campaign in partnership with Angel Studios raised more than $1.2 million for prints and advertising costs.
Persons: Brock Heasley, Neal McDonough, America, Angel, Jim Caviezel, Covid, Paul Dergarabedian, Blumhouse Organizations: Angel, Hollywood, Angel Studios, Warner Bros
☆ The hidden expense that's sucking $74 billion out of the economy
  + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com   time to read: +14 min
They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.
Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California
☆ Arts Calendar: Happenings for the Week of November 26
  + stars: | 2023-11-26 | by ( Wsj Arts In Review Staff | ) www.wsj.com   time to read: 1 min
Eddie Murphy in ‘Candy Cane Lane’ Photo: PrimeFilm• “Godzilla Minus One” (Dec. 1): Nothing says it’s the holiday season quite like a giant radioactive lizard. The acclaimed Japanese director Takashi Yamazaki spins an origin story of the famed monster in this kaiju film set just after World War II. • “The Shift” (Dec. 1): Kristoffer Polaha stars alongside Neal McDonough , Elizabeth Tabish and Sean Astin in this sci-fi thriller about a man who finds himself trapped in a dystopian alternate universe and tries to escape back to reality and the love of his life.
Persons: Eddie Murphy, Candy Cane, •, Takashi Yamazaki, Kristoffer Polaha, Neal McDonough, Elizabeth Tabish, Sean Astin
☆ What OpenAI’s turmoil is really all about
  + stars: | 2023-11-21 | by ( Allison Morrow | ) edition.cnn.com   time to read: +7 min
OpenAI’s incredible upheaval — with former CEO Sam Altman caught in the middle — could have broad implications for who gets to control the future of artificial intelligence. However, Microsoft has already won the war: It is OpenAI’s most important stakeholder, with a promised $13 billion investment. In the past year, he has become the public face of the industry, and was instrumental in forging OpenAI’s partnership with Microsoft, which began in 2019. Altman, sources say, wanted to move quickly, while the OpenAI board wanted to move more cautiously. Both achievements are possible, and OpenAI’s strange structure — a nonprofit overseeing a for-profit company — was designed to contain AI from destroying humanity.
Persons: Sam Altman, OpenAI, ChatGPT, Altman, Greg Brockman, Satya Nadella, Kara Swisher, ”, Jason Schloetzer, Gil Luria, Davidson, “, Luria, ” Schloetzer, —, — CNN’s Clare Duffy Organizations: New, New York CNN, Microsoft, CNBC, CNN, Georgetown’s McDonough School of Business, D.A, Google Locations: New York, Silicon
☆ Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’
  + stars: | 2023-11-17 | by ( Kate Dwyer | ) www.nytimes.com   time to read: +2 min
Lauren Tousignant, senior editor, 2021, to interim editor in chief, 2023: Jezebel got a little neutered under G/O Media. The last few weeks were the most fun in a way, because they had stopped paying attention to us. Kylie Cheung, staff writer, 2021-2023: It’s worker-owned media like Defector and 404 — or nonprofit newsrooms like The 19th News — that gives me hope. Ashley Reese: I became a better writer because of Jezebel, especially when working with my editors, Katie McDonough and Stassa Edwards. And if we were given the resources that we needed, maybe we wouldn’t be talking about Jezebel in the past tense.
Persons: Lauren Tousignant, Jezebel, Mr, Spanfeller, “, Madeleine Davies, Kylie Cheung, ” Jia Tolentino, Ashley Reese, Katie McDonough, Stassa Edwards Organizations: O Media, The Times, Irin
☆ GOP lawmakers call for VA to slash reliance on China for medical supplies
  + stars: | 2023-11-08 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
New York CNN —A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that resulted in shortages of masks, respirators and other life-saving gear. “The COVID-19 pandemic exposed the national security and public health risks of failing to guarantee adequate medical supplies. As the biggest buyer of medical supplies among federal agencies, it has considerable influence. Congress has attempted to take steps to boost the resilience of the nation’s medical supply chain by easing dependence on goods from less friendly nations like China.
Persons: Mike Gallagher, Mike Bost, Denis McDonough, Bost, Gallagher, “, ” Terrence Hayes, Joe Biden, Health Richard Stone, ” Bost, McDonough, Democratic Sen, Tom Carper, Republican Sen, Thom Tillis, ” Organizations: New, New York CNN, Department of Veterans Affairs, CNN, Veterans ’, Chinese Communist Party, CCP, Department of Veteran Affairs, Defense Department, Department of Homeland Security, Department of Health, Human Services, Republicans, Health, World Trade Organization, Congress, Democratic, Republican Locations: New York, China, United States, America, Covid, Mexico, Malaysia
☆ ‘Morning in America’ Eludes Biden, Despite Economic Gains
  + stars: | 2023-11-07 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com   time to read: +1 min
Mr. Reagan’s appeals worked in part because Americans had just endured more than a decade of persistently high prices and high interest rates. Economists and historians generally agree that voters came to see the progress under Mr. Reagan as relief from a long, difficult period. Voter psychology is very different under Mr. Biden. Those mortgage rates Mr. Reagan trumpeted? The difference is that under Mr. Reagan, rates fell, and under Mr. Biden, they’ve gone up.
Persons: Reagan, Reagan’s, Biden, Biden’s, they’ve, ”, Francesco D’Acunto, D’Acunto Organizations: Georgetown University’s McDonough School of Business, White House Council, Economic Locations: America
☆ Biden Will Visit a Minnesota Family Farm This Week as Top Officials Kick off Stops in Rural America
  + stars: | 2023-10-29 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +3 min
Energy Secretary Jennifer Granholm will be in Arizona to talk about power grid and clean energy investment in the rural Southwest. Veterans Affairs Secretary Denis McDonough plans to visit Iowa to discuss improving access to medical care for veterans in rural areas. Health and Human Services Secretary Xavier Becerra will be in North Carolina talking about health care access in rural areas. Acting Labor Secretary Julie Su will be in Pennsylvania to discuss boosting employment opportunities in rural areas. U.S. Trade Representative Katherine Tai will head to Indiana to discuss how international trade can benefit rural farmers and producers.
Persons: Joe Biden, Dean Phillips of, Biden, Phillips, Tom Vilsack, White, Vilsack, Deb Haaland, Jennifer Granholm, Denis McDonough, Isabel Guzman, Miguel Cardona, Xavier Becerra, Julie Su, Katherine Tai Organizations: WASHINGTON, Democratic Rep, Dean Phillips of Minnesota, Administration, White, Smart Commodities, Agriculture Department, Farmers of, Energy, Southwest . Veterans, Small Business Administration, Education, Human Services, Labor, U.S . Trade Locations: Minnesota, America, Indiana, Farmers of America, Wyoming, Colorado, New Mexico, Arizona, Southwest, Iowa, Georgia, New Hampshire, North Carolina, Pennsylvania, U.S
☆ Rivian to benefit next year as EV battery material prices ease - CFO
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +1 min
The Rivian name shown on one of the carmaker's new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 7 (Reuters) - Electric-vehicle maker Rivian Automotive (RIVN.O) will benefit late this year and in 2024 from a significant deflation for battery material prices, finance chief Claire McDonough said at a technology conference on Thursday. Prices for raw materials used in batteries surged to record highs in recent years on burgeoning demand for EVs, coupled with tight supplies due to the pandemic that were exacerbated by Russia's invasion of Ukraine. Lower costs of battery raw materials could potentially boost margins for Rivian and its rivals who have struggled with high costs and dwindling cash balances. Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Editing by Sriraj Kalluvila and Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Blake, Claire McDonough, TrendForce, McDonough, Goldman Sachs, Akash Sriram, Abhirup Roy, Sriraj Kalluvila, Timothy Gardner Organizations: REUTERS, Rivian, EVs, Goldman, Thomson Locations: San Diego , U.S, Ukraine, Bengaluru, San Francisco
☆ Watch CNBC's full interview with former PIMCO chief economist Paul McCulley
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former PIMCO chief economist Paul McCulleyPaul McCulley, adjunct professor at Georgetown's McDonough School of Business and former chief economist at PIMCO, and CNBC's Steve Liesman join 'Squawk on the Street' to discuss a sell-off in the bond market and deceleration in the economy suggesting a soft landing.
Persons: Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
☆ Monetary policy is in a good place, but the Fed can't claim victory, says economist Paul McCulley
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonetary policy is in a good place, but the Fed can't claim victory, says economist Paul McCulleyPaul McCulley, adjunct professor at Georgetown's McDonough School of Business and former chief economist at PIMCO, and CNBC's Steve Liesman join 'Squawk on the Street' to discuss a sell-off in the bond market and deceleration in the economy suggesting a soft landing.
Persons: Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
☆ Guggenheim is bullish on this cybersecurity stock despite a recent sell-off
  + stars: | 2023-08-07 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
A promising entry point in Fortinet shares has opened, according to Guggenheim. Analyst Raymond McDonough said he is "taking advantage of the digestion period" on shares, which tumbled 25% Friday following a mixed second-quarter earnings report. The analyst initiated a price target of $70 on shares, implying shares rallying 23.3% from their last close. Despite Friday's sell-off, the stock is still up more than 16% year to date. However, he added that most of the risk fears have been priced into the stock following Friday's selloff.
Persons: Raymond McDonough, McDonough, — CNBC's Michael Bloom Organizations: Guggenheim Locations: reaccelerate
☆ Mattel's Barbie is a hit. Retailers and restaurants want in
  + stars: | 2023-07-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +8 min
Around that time, it started planning Barbie parties: Celebrations with themed cocktails, pink food and plenty of opportunities to show off Barbiecore outfits in the Instagram-friendly venue, including life-size hot pink Barbie and Ken boxes. By marketing Barbie products to adults, large retailers may be able to get them to buy similar products for kids. With Barbie products that appeal to grown-ups, marketers are “getting that interactivity between adults and children, that bonding,” which can also be used as a selling point. The clothing retailer offers a Barbie line that includes Gap and Barbie branded t-shirts, jackets and more, for both kids and adults. Nordhielm pointed to Cold Stone Creamery’s Barbie pink cotton candy ice cream as a standout.
Persons: Barbie ”, “ Barbie ”, Moshe Isaacian, Isaacian, Richard Drew, “, ”, Tim Calkins, Barbie, Ken, Leana Chavez, cabana, Lauren McCord, Christie Nordhielm, Richard Dickson, Richard B, Levine, Levine Roberts, “ Barbie, Oppenheimer, David Canales, David Reibstein, University of Pennsylvania’s Wharton, we’re, Mike Blake, ” Reibstein, “ it’s, Northwestern’s Calkins, Mattel, Chrissy Teigen Organizations: New, New York CNN, Twitter, Mattel, Warner Bros, CNN, Warner Bros ., Northwestern University’s Kellogg School of Management, Wunder, Georgetown University’s McDonough School of Business, Press, University of Pennsylvania’s, Reuters, Creamery Locations: New York, Wunder Garten, Washington , DC, Zara, Gran Via, Madrid, Malibu, Malibu , California
☆ Economy is improving but the Fed isn't ready to declare victory, says Georgetown's Paul McCulley
  + stars: | 2023-07-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy is improving but the Fed isn't ready to declare victory, says Georgetown's Paul McCulleyPaul McCulley, former chief economist at PIMCO and currently an adjunct professor at Georgetown's McDonough School of Business, and CNBC's Steve Liesman join 'The Exchange' to discuss the potential for two additional Fed hikes, forces driving stubbornly high core inflation, and timing when to lock in bond yields.
Persons: Georgetown's Paul McCulley Paul McCulley, Steve Liesman Organizations: Georgetown's McDonough School of Business
☆ ‘For the Love of the Water’: Tours for the Swimming-Obsessed
  + stars: | 2023-07-15 | by ( Elaine Glusac | ) www.nytimes.com   time to read: +1 min
During the pandemic, when Miriam Leitko couldn’t swim because pools were closed, the lifelong swimmer built a lap pool at her home in Willis, Texas. As soon as travel restrictions were lifted in 2021, she signed up for a weeklong trip to Hawaii with SwimVacation, a Maine-based tour operator that specializes in open-water swimming. “Open-water swimming becomes energizing,” said Ms. Leitko, 64, who has taken 12 trips with the company. The tours, she said, allow her to leave her stress “literally in the ocean.”Summer vacations are often built around the pleasures of cannonballing into a lake or splashing in the ocean. In contrast, these tours build trips around organized swims that might involve diving among sea lions in the Galápagos, swimming island to island in the Adriatic or gliding over coral reefs in the Caribbean.
Persons: Miriam Leitko couldn’t, ”, Leitko, Hopper McDonough Locations: Willis , Texas, Hawaii, SwimVacation, Maine, Caribbean, Turkey
☆ America's largest office tenant is embracing remote work, creating more pain for a market already in distress
  + stars: | 2023-07-03 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +7 min
The federal government is embracing remote work and cutting back its office footprint nationally. President Joe Biden and Donald Trump might not appear to agree on much, but when it comes to cutting back on office space, they're aligned. Now federal tenants are in for a new phase of belt-tightening as more accept remote and hybrid work, real estate experts say. "The majority of federal offices are still largely vacant on most days," said Darian LeBlanc, the director of government services at Cushman & Wakefield. So far, only the Department of Veterans Affairs has publicly said how it plans to use remote and hybrid work.
Persons: Joe Biden, Donald Trump, Barack Obama, Biden —, Darian LeBlanc, LeBlanc, Rachel Davis, Davis, — Davis, Bob Hunt, Martin Selig, Jesse Lawder, Selig, Shalanda Young, Denis McDonough, Cushman, JBG Smith, Christi, who's Organizations: —, Trump, Cushman &, Washington DC, General Services Administration, Department of Labor, Management, FBI, Securities and Exchange Commission, Environmental Protection Agency, Minerals Management Service, Department of Veterans Affairs, National Transportation Safety, L'Enfant Plaza, state's Department of General Services, National Association of State Locations: Cushman & Wakefield, United States, JLL, Seattle, Washington, L'Enfant, . Tennessee, Nashville, Knoxville, Memphis, Chattanooga, Branscom, California , Illinois, North Carolina, Florida
☆ EV maker Rivian sees stable demand through the year - CFO
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +1 min
June 15 (Reuters) - Electric vehicle maker Rivian Automotive (RIVN.O) expects demand for its pickups and sport-utility vehicles to remain stable through the year, it's finance chief said, even as higher borrowing costs and fears of recession have dented demand across the industry. Rivian is also ramping up production of its in-house drive unit ahead of plan, Chief Financial Officer Claire McDonough said on Thursday at the Deutsche Bank auto conference. "But we've seen really a stable environment throughout the course of this year from a demand vantage point. "Our priority right now is ramping production and driving down costs so that we're starting to really reduce the level of cash burn within the business," McDonough said. Rivian in February decided to lay off 6% of its workforce and last month stood by its annual production forecast of 50,000 cars.
Persons: Claire McDonough, McDonough, Tesla, Akash Sriram, Abhirup Roy, Jonathan Oatis Organizations: Rivian, Deutsche Bank, stoke, Thomson Locations: Irvine , California, Bengaluru, San Francisco
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