5 things to know before the stock market opens
What is Volkswagen's investment amount in Rivian?
Volkswagen is investing up to $5 billion in electric vehicle startup Rivian, with an initial investment of $1 billion1. The companies are also forming a joint venture to develop an automotive software platform based on Rivian's technology. This investment is expected to help Rivian reduce some of its component and materials costs and support the launch of its next products, the midsize R2 electric SUV, and compact R3 crossover4.
How much revenue did FedEx report in the fiscal fourth quarter?
FedEx reported revenue of $22.1 billion in the fiscal fourth quarter, which exceeded analysts' expectations. The company's earnings also surpassed estimates, with net income coming in at $1.47 billion, or $5.94 per diluted share.
What were FedEx's earnings per share this quarter?
FedEx reported earnings per share of $5.94 for the fiscal fourth quarter, topping analysts' estimates of $5.35 per share. Adjusted earnings, excluding non-recurring gains, were $5.41 per share.