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 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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