Tag: expectations
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China reports third-quarter GDP growth of 4.6%, slightly beating expectations
China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. That’s less than the second-quarter growth of 4.7% year on year. On a quarterly basis, the third quarter saw 0.9% expansion, compared with 0.7% in the second quarter. “The…
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Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations
Shares of Rivian Automotive dropped more than 6% in midday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual production forecast for 2024. The company said the lower production target — down from 57,000 units to between 47,000 and 49,000 — was because of a “production…