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Rivian plans to lay off more than 600 workers

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🚀 Read this must-read post from Business News 📖 📂 Category: 💡 Key idea: A Rivian R1S electric vehicle (EV) at a sales and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty ImagesDetroit – Rivian Cars It is reportedly planning to lay off more than 600 people as the all-electric car maker faces growing market challenges.The Wall Street Journal, which first reported the plans, said the layoffs would affect roughly 4% of the company's workers. Rivian had just under 15,000 employees at the end of last year.A source familiar…

Low mortgage rates push home sales higher in September

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✨ Discover this trending post from Business News 📖 📂 Category: ✅ Main takeaway: An "open house" sign is placed near a single-family home for sale on August 22, 2025 in Pasadena, California. Mario Tama | Getty ImagesSales of previously owned homes rose 1.5% in September from August to a seasonally adjusted annual rate of 4.06 million units, according to the National Association of Realtors. This is slightly lower than analysts expected, but the highest pace in seven months.Sales increased by 4.1% compared to September of last year.Regionally, on a year-over-year basis, sales were strongest in the South and Northeast.…

Buyers expect lower mortgage rates

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✨ Explore this awesome post from Business News 📖 📂 Category: 💡 Key idea: The majority of potential homebuyers expect mortgage rates to continue their recent decline, and that's one of the main reasons they're waiting to make a purchase, according to the results of a new CNBC housing market survey.Interest rates have been falling over the past few months and are hovering around a one-year low, with the average interest rate on the popular 30-year fixed loan now standing at 6.17%, according to Mortgage News Daily. But nearly three-quarters of real estate agents surveyed by CNBC said most buyers…

American Airlines (AAL) Q3 2025 earnings

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🔥 Read this must-read post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: American Airlines It posted a smaller-than-expected loss for the third quarter, and its forecast for the rest of the year came in ahead of Wall Street's expectations, sending the stock higher.American expects to earn between 45 cents and 75 cents per share in the fourth quarter, which is more than the 31 cents per share that analysts expected. This brings American's full-year earnings guidance to between 65 cents and 95 cents per share, well above Wall Street's forecast of 43 cents per share. The…

America hires industry veteran to lead commercial team

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🔥 Check out this trending post from Business News 📖 📂 Category: 📌 Main takeaway: An American Airlines plane lands at Miami International Airport on July 24, 2025 in Miami, Florida. Joe Rydell | Getty ImagesAmerican Airlines The company has hired nearly three-decade industry veteran Nat Pieper to be its new chief commercial officer as it tracks the carrier's earnings on rivals Delta and united.American ousted its former chief commercial officer, Vasu Raja, in 2024 after his business travel strategy backfired and sparked opposition from profitable travel agencies, while revenue forecasts fell sharply.Bieber, 56, has been in the industry since…

Why top earners should donate before 2026

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🚀 Discover this trending post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: chrisanabong ditravipat | moment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.Lawyers for the wealthy advise clients to increase their charitable giving this year to take advantage of tax benefits that will decrease in 2026.President Donald Trump's omnibus tax and spending bill included provisions that reduce the tax benefits of charitable giving for high-income earners. Since the…

Dick’s Sporting Goods is expanding its House of Sport stores

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🔥 Read this trending post from Business News 📖 📂 Category: ✅ Main takeaway: As many retailers look for ways to reduce the number of stores and square footage, Dick's sporting goods It's going bigger.The retailer is building more sprawling "House of Sport" stores, typically 120,000 to 150,000 square feet, more than double the 50,000 square feet at its traditional locations. The sporting goods company thinks it's working.“We needed to build the concept that would kill Dick's Sporting Goods,” Edward Stack, CEO and son of founder Dick Stack, told CNBC in an exclusive interview at the Dick's House of Sport…

The Starbucks Workers Union prepares to vote on whether to authorize a strike

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🔥 Check out this trending post from Business News 📖 📂 Category: 💡 Main takeaway: Starbucks United Workers begins voting on authorization to strike on Friday, as the union representing baristas tries to secure a contract with the coffee giant.The union also said it is planning a wave of marches and sit-ins across the country with baristas and its allies.Voting on whether to allow a strike in union cafes will be open for several days. If approved, the strike itself will be open, with its details specified. The union said that with the vote taking place, seventy marches and sit-ins…

Trump’s trade war may have squeezed the largest market for U.S. soybean farmers forever

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🚀 Read this must-read post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Economic News,News 📌 Here’s what you’ll learn: Key takeaways US farmers may have permanently lost share of the global soybean market, as the trade war prompts China to look for alternative sources.The United States exported $12.6 billion worth of soybeans to China in 2024, nearly equal to the total amount exported to the rest of the world combined, making it one of America's most important agricultural exports. U.S. soybean farmers have been among the casualties of President Donald Trump's trade wars, and one…

Your health insurance bill may rise again in 2026. Here’s why costs will keep rising

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💥 Check out this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Personal Finance News,News ✅ Here’s what you’ll learn: Key takeaways This year, health insurance costs have risen faster than inflation and wages, with many insurers trying to cover the rising costs of specialty drugs, such as GLP-1s.Many employers have indicated that they expect to shift more health care costs to workers in 2026, as service and prescription drug costs continue to rise. Health insurance premium rates have risen this year, and the rising costs of health services and prescriptions are expected to…