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June 16, 2026

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Rivian Cuts Jobs Amid EV Incentive End
Rivian Automotive (RIVN) cut roughly 600 sales and service workers – about 4.5% of its workforce – on Oct. 23, 2025, a restructuring that signals the deepening cost pressure facing pure-play EV makers after the federal $7,500 purchase credit expired Sept. 30.1 For...
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CFO Exit: SoftBank Faces AI Fund Transition
Navneet Govil, chief financial officer of SoftBank Group’s (9984.T) Vision Fund arm, is departing...
Go Inc. IPO Boosts Japan's IPO Revival
Japan’s dominant taxi-hailing app Go Inc. surged 21% on its Tokyo Stock Exchange debut Tuesday, pricing at ¥2,910 against an IPO price of ¥2,400...
WDC's Surge: AI Demand Creates Storage Goldmine
Rivian's Autonomy+ Intensifies EV Self-Drive Race
Dave & Buster's Sales Drop; Profit Hits $5.7M
GE Vernova Opens Door in Venezuela Power Sector
ASX Faces $20.5M Fine for Misleading CHESS Project
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SoftBank Jumps 12% On Gulf Truce Impact
A U.S.-Iran peace memorandum signed Sunday sent SoftBank Group (9984.T-JP) soaring more than 12% on Monday, marking the sharpest single-session gain among major Asian tech stocks...
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Fox Stakes $22B in Roku for Ad Platform Expansion
Fox Corp (FOXA.O) surged into streaming’s distribution tier Monday, agreeing to acquire Roku (ROKU.O) for roughly $22 billion in a cash-and-stock deal that sent Fox shares...
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Vale's $2.6B Decarbonization Strategy Unveiled
Brazilian iron ore giant Vale (VALE3.SA) disclosed a forward decarbonization spending plan of up to 13 billion reais ($2.56 billion) on Monday, framing climate investment as both...
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SpaceX IPO: Musk's Historic Trillionaire Rise
SpaceX (SPCX) began trading on the Nasdaq on Friday after raising a record $75 billion at IPO, vaulting founder Elon Musk past $1.1 trillion in net worth and reordering the global...
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JBS Plant Closure Reflects U.S. Beef Strain
JBS, the world’s largest meatpacker, will permanently close its Swift Beef facility in Riverside, California on February 2, eliminating 374 jobs as a decade-low U.S. cattle...
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