Rivian Gets a $5B Boost From Volkswagen

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  • Опубликовано: 24 июл 2024
  • Episode 352: Neal and Toby recap the credit card swipe battle between credit card networks, merchants, and customers. The $30B meant to take a step forward in resolving high swipe fees was blocked by a judge. Then, Volkswagen invests $5 billion into Rivian, giving it new life that may pave the way for the top of the EV market. Next, the tragic lithium battery fire in South Korea highlights another problem with the batteries that are found in almost all of our daily devices. Also, Denmark will charge farmers for every cow, making it the first carbon tax in the world. Meanwhile, money-market funds reach all-time highs…and that might not be a good thing. Lastly, it’s been 50 years since the very first product was scanned by barcode. How did a simple design transform the economy?
    Download the Yahoo Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists.
    00:00 - Toys R Us AI commercial
    2:50 - Swipe fee battle continues
    7:10 - Rivian gets new life
    11:45 - Lithium battery hazards
    15:15 - World’s first carbon tax
    19:00 - Avoid the cash trap
    22:15 - 50th anni of the first barcode scan
    #ai #rivian #electric #stocks #cash #creditcard #visa #battery #businessnews #carbon #climatechange #tax #international #money #stocks #barcode #history #tesla
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    Morning Brew Daily, a daily talk show that covers the latest news on business, the economy, and everything else, with Neal Freyman and Toby Howell. Witty, informative and everything you need to start your day. Available on all podcasting platforms and RUclips.

Комментарии • 18

  • @lbierman
    @lbierman 28 дней назад +2

    And the bar code was inspired by Morse Code -- thick and thin lines from dashes and dots.

  • @IcebergSlim1978
    @IcebergSlim1978 28 дней назад

    Aldi cashiers keyed the price of every item manually well into the 1990s. And they only took cash and debit cards well into the 2000s.

  • @itisim
    @itisim 28 дней назад +2

    Holding 300 shares of rivian

  • @flygac
    @flygac 28 дней назад +1

    Why not mentions Ford’s Recall of 550,000 + pickups because of faulty transmission, which was announced yesterday?

    • @autohelix
      @autohelix 28 дней назад

      Are those trucks new no they are not they are 2014 model year trucks. Grand total from that 396 warranty reports, and 124 customer complaints. That is from the number one selling vehicle in America that is 10 years old.
      We get it you own Tesla stock. Elon Musk Fanboys can't take any criticism. Also is it their job anytime they criticize the Cyber truck or any Tesla product. That they have to talk about every other manufacturers recall no. Tesla wants to be in the news well this is what happens.

  • @innocrates
    @innocrates 28 дней назад +1

    If you can’t beat them, join them

  • @suzannelucero86
    @suzannelucero86 28 дней назад +1

    I thought it was Bovine Burps more than Cow Farts. Cattle constantly burp as they regurgitate their food, chew it, and move it to the next stomach. Could you double check that, please?

  • @unCoopervised
    @unCoopervised 28 дней назад

    I dare you to report gasoline fires and ICE car fires. 268 battery fires in New York last year. How many gasoline vehicle fires?

  • @alanyoung159
    @alanyoung159 28 дней назад

    Let's Ride!
    Just not in a cybertruck

  • @fancardinal7
    @fancardinal7 28 дней назад

    Everytime I listen to this podcast I'm frustrated by the bias and shallowness of the news sharing. Wish they took more responsibility of the platform they have!

  • @JoeOggier
    @JoeOggier 28 дней назад +3

    Wow, biased narrative, much? Rivian was NOT struggling. They had $15B on hand with some huge future projections. They've cut over 35% expense out of their EDV platform, and just refreshed their R1 lines to start seeing profitability as soon as the end of this year.
    Their projections and trends, especially when compared to Tesla around this time in their growth charter are AHEAD of the curve.
    Setbacks? Sure. Georgia plant foremost. But 'struggling' is a word you use for Fisker... or Lucid.. crimeny.

    • @autohelix
      @autohelix 28 дней назад

      Are they profitable no. Are they burning through a decent amount of cash yes. I read two Financial newsletters every single day they are absolutely by definition financially struggling. Also not sure where you are getting the 15 billion dollars cash on hand from. As I cannot find anything that high the highest one I can find that's recent is 7.5 billion. I also found one at 6 billion. Once again these are very recent.

    • @JoeOggier
      @JoeOggier 28 дней назад

      @@autohelix clearly you've never read anything finalcially-related with startup companies in them... This is absolutely par for the course. There are almost zero startups that start with any level of near term profitability, ESPECIALLY in large markets such as automotive.

    • @autohelix
      @autohelix 28 дней назад

      ​@@JoeOggier They are struggling financially end of story. Does that mean they are going out of business no. Do you own the stock? do you want to Pump It Up.

    • @JoeOggier
      @JoeOggier 28 дней назад

      @@autohelix agree to disagree. By some arbitrary metrics, you believe 'struggle,' is what someone with billions in cash is doing as they're getting themselves established.
      They're doing exactly what they need to do. There's no realistic scenario a (successful--and admittedly, we still need to see that play out for Rivian; I'm not saying they're out of the woods at all) startup doesn't go through this exact course.