Rivian Keeps 2022 Production Guidance Intact. The Stock Is Still Falling.

Rivian Keeps 2022 Production Guidance Intact. The Stock Is Still Falling.

Text size The Rivian R1S should start shipping to customers in just a few months. Courtesy of Rivian Electric-truck maker Rivian Automotive reported a wider-than-expected quarterly loss, but more important, maintained its production estimates for the full year. The stock is wobbling while investors digest the news. Rivian (ticker: RIVN) reported an adjusted per-share loss … Read more

Nasdaq set to end bear market, Dow to exit correction after July CPI data

Nasdaq set to end bear market, Dow to exit correction after July CPI data

The Nasdaq Composite was on track to exit a brutal bear market Wednesday, while the Dow Jones Industrial Average was set to end a market correction, as stocks rallied in the wake of a cooler July inflation reading. The Nasdaq Composite COMP, +2.49% was up 2.5% near 12,810 in midday trade. According to Dow Jones … Read more

Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.

Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile … Read more

The Math Behind GE’s Breakup. It’s a Sum-of-the-Parts Party.

The Math Behind GE’s Breakup. It’s a Sum-of-the-Parts Party.

Once the mightiest of industrial conglomerates, General Electric is breaking into three pieces and it is time to value each of the businesses. That means doing a sum-of-the-parts, or SOTP, valuation. Wall Street does them from time to time to see if the pieces of a company are worth more, or less, than the whole. … Read more

Roaring labor market puts ‘boomflation’ back on the map for investors

Roaring labor market puts ‘boomflation’ back on the map for investors

The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing … Read more