Introduction Rivian Automotive Inc., the electric vehicle startup that made headlines with its IPO in November 2021, is facing potential removal from the Nasdaq 100 Index. The company’s shares have plummeted over 90% from their record high, leading JP Morgan Securities to speculate that Rivian may no longer meet the index’s inclusion criteria. This development…
In a week marked by political tension in Washington and wavering economic activity in China, investors found solace in signs of progress surrounding US debt-ceiling talks, prompting modest gains in global stock markets. Europe led the charge, with significant gains in mining and financial services stocks pushing most sectors in the regional benchmark into positive…
Futures for the Dow Jones, S&P 500, and Nasdaq hinted at a positive opening on Wednesday, showing a slight increase early in the day. Investors eagerly awaited earnings reports from retail giant Target and software intelligence company Dynatrace. Meanwhile, electric vehicle manufacturer Tesla saw an uptick in its share price following its annual shareholder meeting,…