Ford is selling 8 million shares of once high-flying EV maker Rivian, sources say

Ford is selling 8 million shares of once high-flying EV maker Rivian, sources say

[ad_1] Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, sources … Read more

April’s consumer price index report expected to show inflation has already peaked

April's consumer price index report expected to show inflation has already peaked

[ad_1] Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022.  David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with … Read more

Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated

Fed's Waller promises to tackle inflation, says mistakes of the '70s won't be repeated

[ad_1] Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on … Read more

Japan is set to open its doors in June, but some locals aren’t happy about it

Japan is set to open its doors in June, but some locals aren't happy about it

[ad_1] As countries across Asia reopen to international travelers, Japan — one of the continent’s most popular destinations — remains firmly closed. That may soon change. Prime Minister Fumio Kishida announced Thursday at a news conference in London that Japan will ease border controls in June. Locals often celebrate the easing of pandemic-related border restrictions, but … Read more

Does the cryptocurrency crash pose a threat to the financial system?

[ad_1] WASHINGTON- On Tuesday, Bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy. Compared with the Fed’s last tightening cycle which began in 2016 crypto … Read more

Meet GM’s most expensive and powerful Cadillac Escalade yet, starting at $150,000

Meet GM's most expensive and powerful Cadillac Escalade yet, starting at $150,000

[ad_1] 2023 Cadillac Escalade V-Series Cadillac DETROIT — General Motors’ newest Cadillac Escalade will be the most powerful and expensive version of the full-size SUV ever when it goes on sale this summer, starting at about $150,000. The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8 engine that delivers … Read more

Trade Setup: Keep buying on dip; focus on relatively stronger pockets and low beta defensive universe

[ad_1] It was a day of strong consolidation again for the Indian equities as they struggled to hold on to pattern support while they ended the day with a modest cut. The markets saw a positive start to the day; however, they soon drifted into the negative territory. The Nifty continued to get weaker as … Read more

Paradeep Phosphates IPO to open on May 17; govt to sell its entire stake

[ad_1] New Delhi: Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in … Read more