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Rivian’s $120M Move Aims to Slash Tariff Pressures

Bull Bear Daily May 5, 2025 9 minutes read

The Race to Build AI’s Backbone Is On – One Company Is Already in Motion

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Uber disrupted taxis, Airbnb hotels… Now this company targets the $500B smartphone market. [adv]

Watchdogs reviewing DOGE actions at CFPB, Democratic lawmaker says
The Government Accountability Office, which is the investigative arm of Congress, and the CFPB’s Office of Inspector General, have agreed to review aspects of DOGE’s activities at the CFPB, the letters released by Maxine Waters, the top Democrat on the House Financial Services Committee, said.Waters had calle …. Read More >>

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Rivian to build $120 million Illinois supplier park to lower tariff-related costs
The supplier park near Rivian’s facility at Normal, Illinois will also reduce shipping, logistics and warehousing costs, while adding hundreds of jobs in the next two years, including about 100 directly by the company, it said.”This will be a key enabler to increasing production at the plant in 2026 when we s …. Read More >>

5 Stocks to Watch-Before Everyone Else Sees This [sponsor]
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JPMorgan says AI helped boost sales, add clients in market turmoil
NEW YORK (Reuters) -JPMorgan Chase’s artificial-intelligence tools enabled it to boost sales to wealthy clients and manage scores of requests from worried customers even during April’s market rout, the bank’s CEO of asset and wealth management said.The largest U.S. lender has been ramping up its use of AI, al …. Read More >>

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Berkshire’s Brooks Running committed to southeast Asia as tariffs take hold
OMAHA, Nebraska (Reuters) -Brooks Running, which is owned by Warren Buffett’s Berkshire Hathaway, is committed to keeping production in southeast Asia even if U.S. President Donald Trump’s proposed tariffs mean consumers will pay more for its performance running shoes, its chief executive said.Dan Sheridan, a …. Read More >>

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