Rivian’s $100 Billion Launch; Open Enrollment Tips:
, giving it a market valuation of around $95 billion—bigger than Ford and GM but behind Elon Musk’s EV maker. Amazon is a believer in Rivian. Not only has it ordered 100,000 of Rivian’s electric vans for delivery services, it also owns a 20% stake in the company.
If it feels like we’re hitting new market highs almost every week, it’s because we are. Can anything stop this bull market? The S&P 500 is up nearly 100% since the start of 2019 and investors are wondering when, not if, stocks will temper down, and how to prepare. Here are a few headwinds to keep in mind as you think aboutLong the symbol of powerful American manufacturing, GE said it was splitting up into three companies. The move comes after years of shrinking the conglomerate by selling off its oil and gas business, home appliances division and financial services arm. Here’s why one investor isBridges Are Comingwith final House passage of the $1 trillion bipartisan infrastructure deal. About $110 billion will go towards repairing the nation’s roads, bridges and other transportation projects. Another $39 billion will be used to update public transit systems and some $65 billion is being allocated for broadband projects. The package passed the Senate in August, but was delayed in the House as it faced resistance from both progressive Democrats and most House Republicans, who didn’t want to give Biden a win. The latest inflation numbers delivered a shock yesterday as the Bureau of Labor Statistics reported that consumer prices jumped 6.2% in the year ended in October, the biggest annual surge in 30 years. Shortly after the report, President Biden saidis a top priority for his administration and argued that his just passed infrastructure package and still unpassed Build Back Better plan would bring down costs. Rising energy prices played a big role in October’s ugly inflation numbers, as world leaders, including Biden, to up their output. Overall, energy costs are up 30% since last year while gasoline is up by nearly 50%. But getting countries like Russia to up production isn’t as simple as it seems thanks to a complicated relationship that’s only been more challenging amid recent sanctions.
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