Shares of Rivian Automotive Inc. slid in the extended session Wednesday after the EV maker issued preliminary quarterly sales estimates that were on par with Wall Street’s forecasts and announced plans to offer $1.5 billion worth of convertible notes. Rivian RIVN, +9.22%, in a filing, gave a preliminary third-quarter sales…

Oil futures ended lower on Monday, at their lowest since mid-September, with prices easing back after posting monthly and quarterly gains. Analysts warned of “overbought” conditions in the market after oil prices touched their highest levels of the year in recent days, but expectations for a further tightening of supply…

Quantitative Tightening (QT) has been a hot topic for investors, especially those in the U.S. equities market. While the dynamics of monetary policy might seem complex, the core idea behind QT’s influence on equities is simple: when the Federal Reserve pulls money out of the system, it causes stock prices…

By Michael Susin AstraZeneca has agreed to settle product liability litigations related to Nexium and Prilosec in the U.S. by making a payment of $425 million, it said. The Anglo-Swedish pharma giant said Tuesday that it has resolved the litigations under confidential terms. The settled claims were pending in the…

The Questions Every Investor Should Answer As people age, many aspects of their lives change. When it comes to money, this includes cashflow and investment issues that affect their lifestyles today as well as the quality of their future. Just like yearly physical health check-ups, it’s important to annually evaluate…

By Anthony O. Goriainoff Wizz Air Holdings carried 5.5 million passengers in September compared with 4.6 million for the same month of 2022. The central and eastern European low-cost airline said Tuesday that for the rolling 12-month period, it carried 57.6 million passengers compared with 41.1 million a year before.…

By Anthony O. Goriainoff QineTiQ Group said it has been awarded an $84 million contract with the U.S. Army for the delivery of next generation advanced bomb suits. The London-listed defense-technology company said Tuesday that it will deliver more than 700 NGAB suits, used to protect personnel from explosions, to…

By Elena Vardon Distribution Finance Capital Holdings said its loan book exceeded seasonal expectations in the third quarter of 2023 and that the group expects to continue to perform in line with the board’s expectations. The London-listed lender–which provides working capital to dealers and manufacturers across the U.K.–said Tuesday that…

Key takeaways The ADP jobs report only added 89,000 jobs to the private sector, falling far under the estimates Bond yields retreated from 16-year highs at the news, and the major stock indexes all added gains More unemployment and jobs data on Friday will help determine whether the Fed needs…

By Najat Kantouar Character Group expects to report a strong performance for the year ended August 31, in line with management predictions. The U.K. independent toy company said on Tuesday that it expects full-year underlying profitability to meet current market expectations due to the strength of the group’s portfolio, despite…