
Get up close and personal with Rivian's R1 Quad, one of the quickest EVs on the market
Rivian (NASDAQ: RIVN) currently produces two electric vehicles: a full-size pickup truck and a full-size family SUV. Both electric models received top-tier reviews for their capabilities, thanks to ground clearance, design and powerful electric motors. Now, the American electric vehicle manufacturer and automotive technology company is unleashing the most powerful version of the R1 truck and SUV yet, the 2026 Quad.
Rivian R1 Quad models use four electric motors to transfer power to move the wheels of the vehicles. A quad-motor all-wheel drive system means more horsepower and acceleration times almost too quick to believe.
USA TODAY got up close and personal with the R1T Quad electric pickup truck, and we can confirm it's just as mind-blowing on the road as it is on paper.
The 2026 Rivian R1 Quad is insanely quick
2026 Rivian R1 Quad models rocket from 0-60 miles per hour in around 2.5 seconds, making these EVs some of the quickest production vehicles ever made. For context, the 2025 Lamborghini Urus accelerates from 0-60 miles per hour in around 3.1 seconds, according to Car and Driver. Rivian R1 Quad trucks and SUVs are quicker than many supercars, more affordable, and more practical in terms of spaciousness and capability.
The R1T Quad and R1S Quad can do a quarter-mile in 10.5 seconds. The EVs produce a massive 1,025 horsepower and 1,198 pound-feet of torque. Each of the four motors are oil-cooled and individually controlled. R1 Quad models boast up to 400 miles of driving range (in Conserve Mode).
How much does the 2026 Rivian R1 Quad cost?
Rivian's R1S Quad Launch Edition electric SUV starts at $125,990. The regular version of the 2026 Rivian R1S Quad starts at $121,990.
The new 2026 Rivian R1T Launch Edition starts at $119,990. The regular version of the R1T Quad starts at $115,990. Rivian also charges a fee of $1,895 for destination and freight in the United States.
What sets the 2026 Rivian R1 Quad apart from competitors?
USA TODAY interviewed Rivian's Chief Design Officer, Jeff Hammoud, to find out what makes Rivian R1 Quad electric trucks and SUVs different from the competition.
"Our brand ethos. In terms of being able to provide a premium experience that's still inviting.", said Hammoud.
When asked what design challenges the team faced when developing the latest Rivian Quad models, Rivian's Chief Design Officer answered, "We asked ourselves, how do you make the R1 feel like a six-figure car that you won't be afraid to off-road in?"
After testing the Rivian R1T Quad, I determined that it's every bit as capable as advertised. Rivian's latest electric vehicle drives like a sports car, but offers the ground clearance (nearly 15.0 inches) and design of a true off-road vehicle without sacrificing any luxury materials or tech for capability.
Hammoud noted that the EVs "continue to improve over time" thanks to over-the-air software updates. Additionally, there are plenty of ways to customize the R1 to your individual wants and needs, including creating an entire driver profile for your vehicle and even specific drive modes. The new Rivian R1 Quad is "software-defined," incorporating plenty of futuristic technology that elevates your driving experience. Rivian's latest EV pushes the envelope both from an engineering and design perspective.
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Miami Herald
25 minutes ago
- Miami Herald
Sanctions, currency collapse fan fear of hyperinflation surge in Venezuela
Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in 2025, fueled by a collapsing currency, oil export disruptions and mounting political and economic isolation. After two years of relative calm and moderate economic stabilization, inflation has returned with a vengeance. According to Bank of America Global Research, monthly inflation hit 26% in May, up from 18% in April—marking the fastest pace in years and triggering fears of a return to full-blown hyperinflation. 'Fears of hyperinflation have returned,' said Sebastián Rondeau, an economist at Bank of America. 'The deterioration in price stability is severe and accelerating.' The sharp surge in inflation follows a perfect storm of structural vulnerabilities and renewed external pressures, most notably the reimposition of U.S. sanctions on Venezuela's oil industry earlier this year and a concurrent fall in oil production. Venezuela's annual inflation reached 229% in April, up dramatically from a year-over-year average of 94% in 2024. If current trends persist, Bank of America projects an inflation rate of 530% for 2025 — potentially Venezuela's worst economic year since the infamous hyperinflation cycle of 2017–2019. Much of the inflationary pressure stems from Venezuela's crippled oil sector, one of the country's key lifelines for foreign currency and government revenue. Bank of America and Bloomberg report that oil production fell to 870,000 barrels per day in April, down from 980,000 in March—a drop that analysts say is directly tied to the U.S. decision to let key operating licenses for American and international companies expire. In late May, the Trump administration declined to renew the license that had allowed Chevron and several European firms to operate in Venezuela under sanctions waivers. As a result, Chevron was forced to halt the export of nearly five million barrels of oil, a significant loss for the cash-strapped socialist regime. To make matters worse, other foreign oil operators such as ENI and Maurel & Prom also had their licenses suspended. These policy shifts have led to a sharp decline in oil shipments and a loss of crucial hard currency inflows. Adding fuel to the fire, President Donald Trump announced in March that his administration would impose a 25% tariff on countries importing Venezuelan oil and a 15% tariff on direct imports from Venezuela. The sanctions and oil export cuts have placed enormous pressure on the already weakened bolívar, which has been depreciating at an average of 13% per month this year. That rapid decline follows a brief period of currency stability in 2024, during which the Caracas regime tried to maintain a controlled exchange rate using Central Bank interventions and limited dollar reserves. 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The arrests followed the publication of alarming inflation data by the independent Venezuelan Finance Observatory, which reported an annualized inflation rate of 229% as of May. The Central Bank of Venezuela, controlled by Maduro loyalists, stopped releasing official inflation figures in October 2024, when prices began surging again. 'The government wants to eliminate the parallel market without supplying enough dollars — and that's impossible,' said exiled economist José Guerra, who heads the observatory. 'They're trying to control inflation while printing money without backing. Monetary liquidity increased 250% through May alone. That inevitably fuels more inflation.' The government's sweeping effort to silence dissent has also extended to popular platforms like Monitor Dólar, which published unofficial exchange rates crucial for businesses and consumers in a country plagued by currency instability. The site stopped updating on May 27. 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Yahoo
30 minutes ago
- Yahoo
Better "Magnificent Seven" Stock: Apple or Amazon?
Apple and Amazon both have relatively slow growth rates. Amazon's high-growth segments are causing strong profit growth. Apple's profit and revenue growth are closely linked. 10 stocks we like better than Amazon › Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are two of the largest companies in the world and are both members of the "Magnificent Seven" group of stocks. Both companies have delivered excellent long-term returns for shareholders, but does either investment stand out as a better one to buy right now? Let's take a look at both companies and see which one is the best buy today. Amazon and Apple aren't the pinnacle of growth for big tech. Each company has posted fairly mundane growth rates over the past few quarters, which might cause investors to wonder why they want to own either stock. With each stock growing less than 10% during its most recent quarter, I wouldn't blame anyone for questioning whether these two could be named growth stocks. However, when you dig into each company, it's clear one still deserves the growth stock adjective. Apple's lack of growth stems from a few issues. First, Apple hasn't released any innovative products or features for multiple years. They are a clear example of a company riding on prior success and are still succeeding with that model. One area where this has become abundantly clear is AI, as Apple is behind nearly every smartphone company in terms of AI features. Another area Apple has been harmed is the lengthening smartphone turnover cycle. A decade ago, each iteration of the iPhone brought massive innovations and must-have features. Now, the phone purchased today isn't all that different from a two- or three-year-old phone. This innovation slowdown has caused consumers to upgrade phones less frequently, which has harmed Apple's growth rate. Amazon is a completely different story. Most people recognize Amazon for its e-commerce platform, which generates the lion's share of revenue. In Q1, online stores and third-party seller services generated $94 billion in sales. Considering Amazon generated $143 billion in total revenue in Q1, that's a significant portion of its total revenue. These two segments were also the slowest-growing of all of Amazon's segments, which dragged down the overall growth rate. However, Amazon still had some strong performers, with Amazon Web Services (AWS) and advertising services rising 17% and 18%, respectively, in Q1. The strong quarter for both of these segments is hidden within Amazon's total revenue growth rate; however, the impact that these two have on Amazon's profit margins is undeniable. Despite AWS accounting for only 19% of total sales in Q1, it generated 63% of operating profits. While Amazon doesn't break out advertising operating margins, it's safe to assume they are incredibly high, especially when advertising-focused companies like Meta Platforms (NASDAQ: META) deliver operating margins of 40% or greater. It's highly likely that a large chunk of Amazon's profits from the commerce business come from this segment, although there's no way to know for sure. Still, because Amazon's high-margin businesses are growing at a high-teens rate, that means its profits are also rapidly increasing. In Q1, Amazon's operating profits increased 20% year over year, marking an excellent result. Compared to Apple, whose operating profits grew only 6%, this is a significantly better result. Apple doesn't have the same catalyst for expanding profit margins as Amazon does, so its margins are closely tied to its revenue growth rate. On the other hand, Amazon's profits are growing substantially faster than Apple's and are likely to continue doing so with its strong-performing advertising and AWS business segments. As a result, I think Amazon is a far better buy right now, as it has an earnings growth catalyst that Apple doesn't have. 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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Keithen Drury has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Amazon, Apple, and Meta Platforms. The Motley Fool has a disclosure policy. Better "Magnificent Seven" Stock: Apple or Amazon? was originally published by The Motley Fool Sign in to access your portfolio

Los Angeles Times
32 minutes ago
- Los Angeles Times
Wall Street ends mixed amid Trump's new tariff deadlines
A choppy day in the markets left major U.S. stock indexes little changed Tuesday as the Trump administration pressed its campaign to win more favorable trade deals with nations around the globe by leaning into tariffs on goods coming into the U.S. The S&P 500 slipped 0.1% a day after posting its biggest loss since mid-June. The benchmark index remains near its all-time high set last week. The Dow Jones Industrial Average gave back 0.4%. The Nasdaq composite eked out a gain of less than 0.1%, staying near its own record high. The sluggish trading came as the market was coming off a broad sell-off following the Trump administration's decision to impose new import tariffs set to go into effect next month on more than a dozen nations. 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Just before hefty U.S. tariffs on goods imported from nearly every country around the globe were to take effect in April, Trump postponed the levies for 90 days in hopes that foreign governments would be more willing to strike new trade deals. That 90-day negotiating period was set to expire before Wednesday. With the tariffs set to kick in now on Aug. 1, the latest move by the White House amounts to essentially a four-week extension of its previous 90-day pause, wrote Tobin Marcus, an analyst at Wolfe Research. 'At a very basic level, nothing actually happened based on Trump sending these letters, so there's no reason to panic over headlines,' he wrote. 'But we think these moves do contain some signal about where the trade war is heading, and that signal is mostly hawkish.' During a cabinet meeting Tuesday, Trump said he would be announcing tariffs on pharmaceutical drugs at a 'very, very high rate, like 200%.' He also said he would sign an executive order placing a 50% tariff on copper imports, matching the rates charged on steel and aluminum. Shares in mining company Freeport-McMoRan rose 2.5% following Trump's remarks. The price of copper for September delivery jumped 13.1% to $5.69 per pound. This latest phase in the trade war heightens the threat of potentially more severe tariffs that's been hanging over the global economy. Higher taxes on imported goods could hinder economic growth, if not increase recession risks. Gains in technology, energy and health care stocks helped outweigh a pullback in banks and other sectors. Intel jumped 7.2%, Exxon Mobil rose 2.8% and AbbVie rose 1.1%. JPMorgan and Bank of America each fell 3.1%. Amazon shares fell 1.8% as the online retail giant kicked off Prime Day, which, beginning this year, lasts four days. Amazon launched the membership sales event in 2015 and expanded it to two days in 2019. Elsewhere in the market, First Solar slid 6.5% after Trump issued an executive order ending subsidies for foreign-controlled energy companies. Hershey Co. lost 3.2% after the chocolate maker announced that Wendy's CEO Kirk Tanner will succeed current CEO Michele Buck, who is retiring. Shares in WeightWatchers parent WW International gave up an early gain and dropped 1.1% after the company announced that it has completed its reorganization and relisting on Nasdaq. The company filed for Chapter 11 bankruptcy protection in May to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider. Bond yields mostly rose. The yield on the 10-year Treasury edged up to 4.40% from 4.39% late Monday. All told, the S&P 500 fell 4.46 points to 6,225.52. The Dow lost 165.60 points to 44,240.76, and the Nasdaq added 5.95 points to 20,418.46. The market's downbeat start to the week follows a strong run for stocks, which pushed further into record heights last week after a better-than-expected U.S. jobs report. In stock markets overseas, indexes rose across much of Europe and Asia. In two of the bigger moves, South Korea's Kospi surged 1.8%, and Hong Kong's Hang Seng index climbed 1.1%. The National Federation of Independent Business reported Tuesday that its small business optimism index fell slightly last month, in line with analysts' expectations. The index tracks how small firms view the U.S. economy and their business prospects. On Wednesday the Federal Reserve will release minutes from its policymaking committee's meeting last month. The Fed's chair, Jerome Powell, has said the central bank wants to wait and see how Trump's tariffs affect the economy and inflation before making its next move on interest rates. Veiga writes for the Associated Press.