Rivian’s R2 puts Tesla’s Model Y dominance under sharper scrutiny
CNBC Options Action framed Rivian’s R2 launch and Tesla’s rich valuation as a new contest in mid-market electric SUVs.
By Sarah Jenkins 3 months agoChief Macro Economics Correspondent
Sarah Jenkins
Sarah covers central banks, sovereign debt, and the data behind the cycle. She spent eight years at a rates desk before moving to journalism.
Latest from Sarah Jenkins
US household net worth rose $6.1 trillion in third quarter
Federal Reserve data showed wealth gains were led by equities, while real estate values declined and household borrowing grew at a...
By Sarah Jenkins 3 months ago
Trump to mark child investment account launch with White House market bell
The Oval Office ceremony is set to promote Trump Accounts, a tax-advantaged savings program for U.S. children with a Treasury pilo...
By Sarah Jenkins 3 months ago
SpaceX president plans stock gift to Trump Accounts
Gwynne Shotwell said shares held by her family will be donated to about 2 million investment accounts for U.S. children.
By Sarah Jenkins 3 months ago
Versant to buy Full Swing in $530mn cash deal
The acquisition adds golf and baseball simulator technology to Versant’s portfolio of golf media and digital platform assets.
By Sarah Jenkins 3 months ago
Iran warns Hormuz vessels against routes not cleared by Tehran
The IRGC Navy said ships must use Iranian-designated corridors, keeping pressure on a key energy chokepoint despite a provisional...
By Sarah Jenkins 3 months ago
Nvidia Kyber AI rack pushed to 2028, SemiAnalysis says
SemiAnalysis cited circuit-board manufacturing problems in Nvidia’s Kyber NVL144 rack system, a reported delay that could affect t...
By Sarah Jenkins 3 months agoUS productivity growth eased to 1.2% in fourth quarter
U.S. productivity rose at a 1.2% annual rate in the fourth quarter, while unit labor costs advanced 3%, the Labor Department said.
By Sarah Jenkins 3 months ago
Anthropic takes 20-year lease at TeraWulf’s Kentucky data center
CNBC reported the AI company’s lease covers about 400 megawatts of capacity and is expected to generate roughly $19 billion in ini...
By Sarah Jenkins 3 months ago
Venezuela earthquake death toll reaches 2,595 as losses rise
UNDP estimated $6.7 billion in direct damage after twin quakes, while rescue teams searched Caracas and La Guaira and the U.S. exp...
By Sarah Jenkins 3 months ago
Iranian oil tankers leave Hormuz blockade as shipping firms await deal
Kpler data show three Iran-linked tankers carrying nearly 5mn barrels of crude have crossed the U.S. blockade perimeter before a p...
By Sarah Jenkins 3 months ago
US private hiring slowed to 98,000 jobs in June, ADP says
ADP said private employers added fewer jobs than economists expected in June, with health and education services accounting for ne...
By Sarah Jenkins 3 months ago