Investing
Bitcoin fell Friday after the release of a strong U.S. jobs report for September. Bitcoin stood at $27,435, down 1% over the last 24 hours. The largest cryptocurrency was swept up in a risk-asset selloff as markets moved to price in higher-for-longer interest rates after the U.S. economy created more…
Rivian Automotive RIVN, +3.56% priced $1.5 billion in green convertible senior notes on Thursday at about $23.29 per share of common stock. The Irvine, Calif.-based electric-vehicle maker said the notes will accrue interest at a rate of 3.625% and are due in 2030. The company expects net proceeds of about…
Rivian Automotive Inc. reminded investors just how costly it is to make its electric vehicles, and how much money they will need to continue making them. On Thursday, Rivian shares RIVN, +3.56% plunged nearly 23% after the company surprised investors Wednesday evening with news that it would be raising $1.5…
“ Thematic investing is designed to help you execute an investment strategy that aligns with your thoughts and beliefs. ” Today, there are more choices than ever to customize your life to your individual preferences and values. You can have your car “wrapped,” choosing virtually any color or graphic design…
Call it the long goodbye, fast food-style. McDonald’s MCD, -1.59% is planning to bring back its beloved McRib sandwich, just one year after giving the porky treat a “farewell tour.” The menu item is set to return next month, according to the company. “While it won’t be available nationwide, some…
The burger chain wars are heating up this Halloween. McDonald’s MCD, -1.59% is bringing its “Boo Buckets” back this month, swapping out its familiar Happy Meal boxes with plastic trick-or-treat pails for a limited time in October. The burger chain recently revealed that its beloved Boo Buckets will be back…
A spike in interest rates this month has bulldozed stocks and bonds alike, but Bitcoin could stay on an upward trajectory no matter where rates go from here, an analyst said. In the first few days of October, Bitcoin has risen 2.5% to about $26,500, compared with a 0.1% rise…
Shares of Rivian Automotive Inc. have roller-coastered back into the green Friday’s, a day after suffering a record selloff, in the wake of the pricing of the electric vehicle maker’s $1.5 billion convertible debt offering. The stock RIVN, +3.56% had plummeted 22.9% on Thursday, the biggest one-day decline since it…
Lots of big things have happened over first, second and third quarters of this year: persistent inflation, higher interest rates from the Federal Reserve, the return of student-loan payments, fluctuating recession anxieties, relentless prophesizing over AI and a tech-stock explosion that helped carry the S&P 500 Index SPX higher. But…
Saudi Arabia’s decision a month ago to extend its crude-production cut to the end of the year hasn’t yet lifted oil prices past the psychologically important $100-a-barrel level, but it did contribute to the largest quarterly price percentage gain in over a year.“The OPEC+ plan has been working,” said Jim…