Rivian Stock Less Bruised than Tesla as Both Miss EV Targets

Jan 3 Reuters Electric vehicle maker Rivian Automotive barely missed its fullyear production target of 25,000 vehicles in 2022, the company said in a filing late on Tuesday. Before the Securities and Exchange Commission released the filing, Rivian39;s shares closed down nearly 6 to 17.34, but saw little movement in afterhours trade. Rival Tesla, which also […]
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Dollar Jumps, U.S. Stocks Buck Global Rally

Global shares edge up, but Wall Street drops Correlation with dollar softens Yen takes a breather from recent rally LONDONNEW YORK, Jan 3 Reuters The dollar jumped on Tuesday as oil prices sank, while U.S. stocks bucked a global equities rally in a macropacked week that could offer a steer on when and where U.S. […]
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BlackRock Defers Withdrawals for UK Property Fund

LONDON, Jan 4 Reuters U.S. funds giant BlackRock will defer thirdquarter redemptions from its 3.5 billion pounds 4.2 billion BlackRock UK Property Fund, a source told Reuters, in the latest sign of strain in Britain39;s real estate market. Top asset managers, including MG, Columbia Threadneedle, Schroders and CBRE Investment Management, have imposed restrictions on property fund redemptions since […]
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