Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
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- A + A (Jan 17): Unilever Plc would need to raise its bid for GlaxoSmithKline Plc’s consumer health-care unit by about 7.3 billion pounds (US$10 billion) to have a hope of winning the backing of GSK’s board, according to analysts, traders and brokers polled by Bloomberg News. A bump to 57.3 billion pounds is needed, based on the average estimate from 11 analysts, traders and brokers in Bloomberg’s informal survey, with predictions ranging from 54 billion pounds to 65 billion pounds. Glaxo, which said in December it would spin off the business, rejected three bids from Unilever, with the last at about 50 billion pounds. While Unilever could increase its offer to about 55 billion pounds, “we are very doubtful this will be sufficient to persuade the GSK board or GSK investors,” analysts at Citigroup Inc. wrote in a report Monday. The stock component of the offer, plus the tax bill that Glaxo would face on the cash proceeds, are among the reasons it may not go for the … [Read more...] about Unilever needs seven-billion pound bump to win Glaxo unit, analysts say
File image of US President Joe Biden (AP Photo/Alex Brandon) Joe Biden was Barack Obama’s vice president. His Treasury secretary, Janet Yellen, was Obama’s pick to lead the Federal Reserve. The director of Biden’s National Economic Council, Brian Deese, was deputy director of Obama’s National Economic Council. His chief of staff, Ron Klain, was his chief of staff for the first two years of the Obama administration and then Obama’s top Ebola adviser. And so on. The familiar names and faces can obscure how different the new administration, in practice, has become. The problems Biden is facing are an almost perfect inversion of the problems Obama faced. The Obama administration was bedeviled by crises of demand. The Biden administration is struggling with crises of supply. For years, every conversation I had with Obama administration economists was about how to persuade employers to hire and consumers to spend. The 2009 stimulus was too small, and while we avoided a second … [Read more...] about This isn’t the presidency Joe Biden imagined for himself
Share to Twitter Share to Linkedin Bitcoin and cryptocurrency prices have bounced back following a sell-off that wiped around $1 trillion from the combined crypto market— and after one closely-watched investor called the market bottom . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price, dropping this week under $40,000 per bitcoin for the first time since September has climbed to around $43,000—a rise of 5% over the last three days. The ethereum price has also rallied, adding almost 10% and boosting the price of its rivals Binance's BNB, solana and cardano. ADVERTISEMENT Now, legendary investor Bill Miller has revealed 50% of his net worth is held in bitcoin and related crypto investments—branding bitcoin an "insurance policy against a financial catastrophe." Sign up now for the free CryptoCodex —A daily newsletter for the … [Read more...] about Legendary Investor Reveals Huge Bitcoin Bet As The Price Of Ethereum, BNB, Solana, Cardano And XRP Suddenly Soar
Thailand has a perfect demographic storm heading its way after two years of very swift change in the local employment market. Whilst people scrambled to find new employment in the early days, and are now gainfully self employed, employers are complaining of acute labour shortages.This problem has been exacerbated by the closure of the borders stopping the flow of migrant labour, mostly from Cambodia and Myanmar, flowing into the country. They all moved back to their countries in the early months of the pandemic.The problem is also being fuelled by a decline in Thailand’s birth rate, and an ageing population.Manufacturers are complaining that they’re trying to get their factories back up to full speed again but they simply can’t find people to fill the jobs.Even Hotel operators are currently struggling to fill vacant positions as they reopen to tourists, according to Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association. She complained that a shortage of good applicants is … [Read more...] about Thailand News Update | Inflation rises up & Labour shortage in Thailand