) is scheduled to report third quarter earnings after the bell on Tuesday, after rivals in the sector have reported demand issues and pull back on spending.
In its Q2 report, Rivian narrowed its full-year adjusted EBITDA loss to $4.2 billion, compared with the $4.3 billion it saw previously. The $4.2 billion EBITDA loss projection Rivian sees for 2023 is $1 billion less than the EBITDA loss it reported in 2022. ‘The goose lays more golden eggs every year’: Warren Buffett explains why capitalism isn’t working for young people today — and the simple way he’d solve itOTTAWA -Canadian market participants expect the Bank of Canada to start cutting its key policy rate from a 22-year high of 5.00% in April 2024, a month later than the previous forecast, according to a survey released by the central bank on Monday. The survey showed a median of 27 financial participants expect interest rates to drop to 4.