Group 1 - Rivian has laid off approximately 140 employees, representing about 1% of its workforce, as part of preparations for the launch of its R2 SUV in 2026 [1] - The layoffs primarily affected Rivian's manufacturing team and were initiated to address "process inefficiencies" [1] - The company confirmed the layoffs and stated that affected employees are encouraged to apply for other positions within the organization [1] Group 2 - At the beginning of the year, Rivian had over 14,800 employees in North America and Europe, as reported in its annual filing with the SEC [2] - The company has implemented multiple workforce reductions in recent years, including a 10% cut in early 2024 and another layoff of around 1% in April 2024 [2]

Offer to acquire substantially all of Sonim's assets for a cash purchase price of $25 millionPurchase price equates to a price per share of $2.418Hauppauge, New York--(Newsfile Corp. - June 26, 2025) - Orbic North America, LLC ("Orbic"), an international leader in mobile technology innovation, sent a revised acquisition proposal letter to Sonim Technologies, Inc. (NASDAQ: SONM) ("Sonim" or the "Company"), today in which Orbic re-emphasized Orbic's interest in negotiating a mutually agreeable transaction wi ...

Concentrix Corporation CNXC will release earnings results for the second quarter, after the closing bell on Thursday, June 26.Analysts expect the Newark, California-based company to report quarterly earnings at $2.75 per share, up from $2.69 per share in the year-ago period. Concentrix projects to report quarterly revenue at $2.38 billion, compared to $2.38 billion a year earlier, according to data from Benzinga Pro.On March 26, Concentrix reported quarterly earnings of $2.79 per share, which beat the analy ...

Core Viewpoint - Winnebago Industries (WGO) reported mixed financial results for the third quarter of fiscal 2025, with adjusted earnings per share beating estimates but revenues falling short of expectations and declining year over year [1]. Financial Performance - Adjusted earnings per share for Q3 fiscal 2025 were 81 cents, surpassing the Zacks Consensus Estimate of 79 cents, but down from $1.13 in the same period last year [1]. - Total revenues for the quarter were $775.1 million, missing the Zacks Consensus Estimate of $788 million and reflecting a 1.39% decline year over year [1]. Segmental Performance - **Towable RV Segment**: Revenues decreased by 3.8% year over year to $371.7 million, missing the estimate of $428.5 million. Deliveries increased by 2.5% to 9,495 units but fell short of the estimate of 10,066 units. Adjusted EBITDA declined 15.7% to $35.4 million, below the estimate of $43.5 million due to high warranty expenses and lower efficiency [2]. - **Motorhome RV Segment**: Revenues fell 2.6% year over year to $291.2 million, exceeding the estimate of $239.6 million. Deliveries dropped 14.8% to 1,431 units but surpassed the estimate of 1,309 units. Adjusted EBITDA plummeted 77.7% to $3 million, missing the estimate of $16.3 million due to higher discounts and operational inefficiencies [3]. - **Marine Segment**: Revenues rose 14.6% year over year to $100.7 million, exceeding the estimate of $93.9 million. Deliveries increased by 11.3% to 1,254 units, also surpassing the estimate of 1,196 units. Adjusted EBITDA grew 37% to $11.6 million, exceeding the expectation of $9.8 million [4]. Financial Outlook - As of May 31, 2025, Winnebago had cash and cash equivalents of $10.5 million and long-term debt of $539.9 million. The company revised its fiscal 2025 revenue guidance to a range of $2.7 billion to $2.8 billion, down from $2.8 billion to $3 billion. Adjusted EPS is now estimated between $1.20 and $1.70, compared to the previous range of $2.75 to $3.75 [5]. Zacks Rank - Winnebago currently holds a Zacks Rank of 5 (Strong Sell) [6].

Projecting sign with Nike swoosh logo outside retail store against blue sky and high-rise buildings, ... More San Francisco, California, May 13, 2025. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty Images Nike is scheduled to report earnings after Thursday’s close. The stock hit a record high of $179.10/share in 2021 and is currently trading near $62. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, ...

Core Insights - BASF SE has launched InVigor Gold, a new solution aimed at enhancing the canola market, particularly in Canada and the United States [1][4] - InVigor Gold is designed to provide heat tolerance, yield stability, and disease resistance, making it suitable for challenging growing conditions [2][7] - The product has demonstrated an 8% yield advantage over traditional canola in trials conducted from 2022 to 2024 [3][7] Product Features - InVigor Gold incorporates LibertyLink herbicide technology, offering pod shatter resistance and strong blackleg disease resistance [2][7] - The innovation is backed by BASF's extensive germplasm and a leading breeding team, ensuring high-quality canola properties [2] Market Position - BASF has a long-standing reputation in the canola seed market, with over 25 years of experience and a robust portfolio of InVigor hybrids [4] - The product is expected to be available in the U.S. by 2027 and in Canada later this decade or early next decade, subject to regulatory approval [4] Stock Performance - BASF's stock (BASFY) has increased by 3.2% over the past year, contrasting with a 20.9% decline in the industry [6]

Core Insights - Tesla's vice president Omead Afshar has been fired by CEO Elon Musk, marking a significant leadership change within the company [1] - Afshar's departure coincides with a notable decline in Tesla's sales, with the company experiencing its first annual drop in car sales since it began mass production of electric vehicles over a decade ago [2] - The company is facing challenges, including a 71% year-over-year decline in profits in Q1 and a nearly 28% drop in European sales year-over-year in May [3] Group 1: Leadership Changes - Omead Afshar was a key executive at Tesla, having joined in 2017 and played a significant role in the construction of Tesla's factory in Austin, Texas [4] - His recent support for Tesla's robotaxi service indicates his involvement in the company's strategic initiatives prior to his dismissal [2] - Following Afshar's exit, Tesla's director of HR for North America, Jenna Ferrua, has also left the company, suggesting potential broader changes in the leadership team [7] Group 2: Sales and Financial Performance - Tesla's sales growth has stalled, with fewer cars sold in 2024 compared to 2023, marking a critical turning point for the company [2] - The company's profits have significantly decreased, with a reported 71% drop year-over-year in the first quarter of 2025 [3] - Upcoming reports on global delivery figures and financial results are expected to provide further insights into Tesla's performance [3]

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Thursday.The Dow traded up 0.82% to 43,335.29 while the NASDAQ gained 0.69% to 20,110.81. The S&P 500 also rose, gaining, 0.66% to 6,132.29.Check This Out: AMD, Taiwan Semiconductor And A Financial Stock On CNBC’s ‘Final Trades’Leading and Lagging SectorsMaterials shares jumped by 0.9% on Thursday.In trading on Thursday, real estate stocks fell by 1%.Top HeadlineWalgreens Boots Alliance Inc WBA on Thursday ...

A woman walking past the logo of U.S. big data analytics software company Palantir Technologies during the World Economic Forum annual meeting in Davos, Switzerland.Six people were taken into custody by police on Thursday as a group blocked the entrance to the New York office of Palantir to protest the tech company's work for the U.S. Immigration and Customs Enforcement agency, the Israeli military and other efforts.More than 30 people participated in the protest, according to Planet Over Profit, the group ...

Key Takeaways DELL's ISG revenues rose 12% in Q1 FY26, led by strong AI and traditional server demand. Servers and networking revenues climbed 16% to $6.32 billion, fueling ISG's overall growth. APEX platform and AI-optimized servers are central to DELL's multi-cloud and AI strategy.Dell Technologies (DELL) is expanding its cloud services through its infrastructure solutions and rich partner base that provides essential hardware and services that support cloud environments. Through its APEX platform, the ...