Rivian Automotive (RIVN) March 25 calls active as share price up 10%
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- S&P Dow Jones Indices adds Bloom Energy to S&P 500 index
- Citi highlights best Gen AI stocks to own for 2027
- Dell’s earning report was bullish for Intel CPU demand, analyst says
- Netflix raises prices in Germany and Austria, Citi comments
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
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U.S. House votes to pause Biden EV regulations
December 7, 2023 3:48 PM ESTThe Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.
"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More
Over 1,000 VW workers sign union cards in Tennessee
December 7, 2023 10:34 AM ESTThe United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.
The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.
The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More
Rivian (RIVN) gains as Stifel initiates coverage of EVs
December 7, 2023 9:38 AM ESTShares of electric vehicle maker, Rivian (NASDAQ: RIVN) jumped nearly 4% in pre-market trading Thursday morning after Stifel initiated coverage of the company with a Buy rating and a 12-month price target of $23.00.
In a note, Stifel highlighted Rivian's recent agreement with Amazon for 100,000 Electric Delivery Vehicles (EDVs). They also pointed out that Rivian's new manufacturing facility, anticipated to launch the R2 line in 2026, is projected... More

