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A motherboard from one of Rivian’s all-electric vehicles.Michael Wayland / CNBCRivian Automotive stock was down by more than 10% during premarket trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock.The capital raise occurred during extended hours trading. Rivian shares rose 8.1% on Monday after increasing 19% last week.Based on Monday’s close of $20.14 per share, Rivian would raise roughly $1.51 billion with the offering. Rivian said in a filing that it plans to use the proceeds to fund equity contributions as part of a loan agreement with…
Why is Shopify stock climbing today? Source link
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. It’s also slated to be SpaceX’s first day in the Nasdaq-100.Stock futures are mixed after a winning day for Wall Street.Here are five key things investors need to know to start the trading day:1. Let freedom ringU.S. President Donald Trump rings the opening bell for the New York Stock Exchange (NYSE) and Nasdaq during an event to mark the launch of “Trump Accounts” in the Oval Office at the White House in Washington, D.C., U.S., July 6, 2026.Evan Vucci | ReutersA piece of Wall Street came…
Nigel Farage says he will make a statement on his “future in public life” amid renewed scrutiny over financial support he has received.The Reform UK leader’s statement from 14:00 BST comes after it emerged he did not declare benefits provided by an ally once convicted of fraud in the US. Rival parties want this to be subject to a parliamentary probe. Separately, Farage has been under investigation from Parliament’s standards commissioner since May after not declaring a £5m gift he received from a billionaire Reform UK donor before his election as Clacton MP.Farage argues that he was not obliged to…
A version of this article appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.After several years of a lean and pricey housing market that largely favored sellers, buyers are finally regaining leverage and pulling the market back into balance.In the second quarter of the year, 44% of real estate agents surveyed in CNBC’s Housing Market Survey said they were seeing a balanced market…
Cloudflare stock rises 3% on Scotiabank upgrade Source link
John Arnold, founder and co-chair of Arnold Ventures, speaks during a session at CERAWeek by S&P Global at George R. Brown Convention Center in Houston, March 20, 2024.Yi-Chin Lee | Houston Chronicle | Hearst Newspapers | Getty ImagesBillionaire philanthropist John Arnold says online sports betting has changed immeasurably since it became legal in the U.S. in 2018, thanks to the rise of online prediction market platforms Kalshi and Polymarket and mobile apps like DraftKings and FanDuel. To better understand the potential risks, he’s awarding $2.6 million to researchers studying the evolving world of gambling on sports.The grants, which have not…
An employee assembles a long-range drone in a workshop of the Fire Point company which manufactures FP-1 deep-strike drones and FP-2 strike drones in an undisclosed location in Ukraine on January 29, 2026, amid the Russian invasion of Ukraine.Serhii Okunev | Afp | Getty ImagesUkrainian drones struck a major oil refinery in the city of Omsk in western Siberia, in what appears to be one of Kyiv’s deepest attacks on Russian territory since the full-scale invasion of Ukraine.Ukraine’s military general staff said Monday that the strike caused a fire at the facility, which is situated nearly 2,500 kilometers (1,553 miles)…
It would be wise for investors to add First Solar to their portfolios before the stock rises on a potential U.S. trade policy shift, according to Deutsche Bank. The bank upgraded the solar name to buy from hold. It also hiked its price target to $272 from $245, implying nearly 17% upside from Monday’s close. “The recent sharp stock pullback… creates an opportunity for investors to enter the name (i) ahead of a stronger 2H, weighted at ~62%, (ii) normalized 2027 business year, and (iii) S232 policy clarifications expected in the coming weeks,” analyst Corinne Blanchard said Monday in a…
Investing.com – U.S. stock futures were hovering around both sides of the flatline on Tuesday, with investors assessing both the sustainability of the artificial intelligence boom and renewed Middle East tensions. Get premium Wall Street insights with InvestingPro – now 60% off By 06:01 ET (10:01 GMT), the futures contract had risen by 120 points, or 0.2%, futures had dipped by 8 points, or 0.1%, and had fallen by 262 points, or 0.9%. The main averages on Wall Street rose on Monday, pushing the Dow up above the 53,000 level for the first time. Driving sentiment was a jump in…