Rivian Automotive has recently unveiled its redesigned all-electric R1 pickup and SUV models, showcasing significant improvements in range, performance, and computing power. While the exterior design of the 2025 model-year vehicles remains largely unchanged, the company has implemented a plethora of upgrades under the hood. Over half of the hardware components have been altered for
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Mega backdoor Roth conversions are a strategy that can significantly enhance tax-free retirement savings by bypassing the IRS income limits associated with direct Roth IRA contributions. This approach involves making after-tax contributions to a 401(k) plan and then converting those funds to a Roth account. Unlike traditional backdoor Roth conversions, mega backdoor conversions allow for
The CEO of discount retailer Five Below, Joel Anderson, has highlighted the challenges faced by lower-income consumers due to the ongoing inflation. Despite signs of easing inflation, Anderson believes that the effects may be felt by consumers for a considerable period. He specifically mentions that the lower-end customer segment is experiencing significant financial strain, indicating
Remote work has become the new norm in the contemporary job market, with many companies opting to allow their employees to work from the comfort of their homes for at least part of the workweek. This trend, which emerged during the Covid-19 pandemic, has proven to be beneficial for both companies and employees. Labor economists
The PGA Tour and the Saudi-backed LIV Golf have been engaged in active discussions regarding a potential merger, as reported by a source familiar with the matter. This comes after the surprising announcement made on CNBC about the two entities agreeing in principle to join forces. The talks between the tour and the Saudi Public
Salesforce, a leading enterprise tech giant, has recently announced the opening of an artificial intelligence center in London. This move signifies a substantial investment in the U.K. as a prominent global technology hub. With more than 40,000 square feet of space in London’s Blue Fin building, the center aims to foster collaboration among tech firms,
Boeing CEO Dave Calhoun is set to testify before a Senate panel on June 18, facing tough questions from lawmakers regarding whistleblower allegations and quality control issues at the aircraft manufacturer. This hearing comes at a critical time for Boeing as it grapples with a safety crisis that has severely impacted its reputation. Senator Richard
Lululemon, the athletic apparel giant, recently reported flat comparable sales in its largest market, the Americas. This news comes as a disappointment following the company’s impressive earnings beat. While the earnings per share exceeded expectations at $2.54 compared to $2.38 expected, the revenue only slightly topped estimates at $2.21 billion versus $2.19 billion expected. Despite
Boeing successfully launched its first Starliner flight with astronauts on board, marking a crucial final flight test for the spacecraft. The launch took place at 10:52 a.m. ET from Cape Canaveral, Florida, with two NASA astronauts aboard. The Starliner was carried by an United Launch Alliance’s Atlas V rocket and was headed for the International
American Airlines CEO Robert Isom presented flight attendants with a proposal for an immediate 17% wage increase as contract negotiations continue without a resolution. This move comes as the airline and the Association of Professional Flight Attendants face challenges in reaching a new contract agreement, particularly in areas such as pay. The absence of contract
