Morgan Stanley says Rivian is ‘the one’ that can challenge Tesla

The all-electric Rivian R1T truck in Times Square on listing day, Wednesday, November 10, 2021 in New York. Anne-Sofie Vigelo Jensen | AP Newly publicized startup Rivian is the company that could disrupt Tesla’s dominance in electric vehicles, according to Morgan Stanley. .

Auto executives say more than half of U.S. car sales will be EVs by 2030, KPMG survey shows

President Joe Biden speaks during a visit to the General Motors Factory Zero electric vehicle assembly plant, Wednesday, November 17, 2021, in Detroit. Evan Fauci | AP Auto executives believe more than half of their sales will be electric cars by 2030, in line with President Joe Biden’s electric vehicle sales goal, according to a … Read more

HashiCorp aiming for IPO valuation of up to $13 billion in updated S-1

HashiCorp employees at the HashiConf Startup Conference in San Francisco in October 2018. HashiCorp Cloud software supplier HashiCorp updated its initial public offering prospectus on Monday, revealing plans to sell shares at a price that would value the company as high as $13 billion. HashiCorp, which was last privately valued at $5.1 billion in 2020, … Read more

The S&P 500’s sideways drift is masking a deeply divided stock market into the home stretch

Traders work on the floor of the New York Stock Exchange on November 5, 2021. Spencer Platt | Getty Images The past two weeks have been a snooze for index investors, a dream for trendy big-growth stock chasers and something of a nightmare for riskier cyclical players. .

Ford and Rivian cancel plans to jointly develop an electric vehicle

RJ Scaringe, founder and CEO of Rivian, and Ford CEO Bill Ford have announced Ford’s investment of $500 million in Rivian. Source: Ford Motor Company DETROIT — The Detroit automaker confirmed Friday that Ford Motor and Rivian no longer plan to co-develop an electric vehicle. The two companies initially announced the development of a joint … Read more

Home Depot, Robinhood, SoFi and more

A shopper leaves the Home Depot with merchandise she purchased on August 17, 2021 in Alexandria, Virginia. Alex Wong | Getty Images Check out which companies are making the headlines at midday. Home Depot Shares of Home Depot jumped more than 5% after the home improvement retailer beat its earnings. The company reported earnings of … Read more

Why more iconic companies like GE and J&J may be about to get smaller

As famous companies including GE and Johnson & Johnson pursue breakup plans, the “sum of parts if greater than whole” argument is to get new training from the market. Nicodemus | E + | Getty Images Everywhere you look in the market, across sectors, famous companies are under pressure from activists to break up, or … Read more

Rivian shares rise in post-IPO rally

Rivian employees stand next to Rivian’s all-new electric truck, the R1T, as it sits at one of its facilities on November 09, 2021 in the Brooklyn area of ​​New York City. Spencer Platt | Getty Images Shares of Rivian continued to rise less than a week after the company went public in one of the … Read more

Tesla, Nvidia and Microsoft are ‘way ahead of themselves’: Trader

Matt Malley of Miller Tabak said three hot stocks went too far, too fast. The company’s chief market analyst told CNBC’s “Trading Nation” Friday that the stock charts of Tesla, Nvidia and Microsoft have been over-expanded on a relative strength basis. “Sometimes the stocks of big companies outpace themselves. This does not mean that they … Read more