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Rivian Stock Jumps 12% After Production Improvement in Q2

Electric car maker Rivian Automotive revealed its second-quarter production numbers this week, and it's safe to say there was a big improvement compared to Q1. According to Rivian, their Normal, Illinois factory produced 4,401 units while 4,467 electric vehicles were delivered to the customers...

Euro Dips to 20-Year Low Against USD, Closing in on Parity

The Euro continued its slide against the U.S. dollar on Tuesday to reach its 20-year low. After holding itself around $1.04 in recent days, Euro is now $1.02, which marks its lowest point since November 2002. There are quite a few reasons for Euro's tumble,...

S&P 500 Has its Worst First Half in 50 Years

As the U.S. stock market continues its trend of underperforming, the S&P 500 just reached numbers not seen in the last 50 years. After the June trading wrapped up, S&P 500 recorded a decline of around 20 percent so far in 2022. This marks...

Goldman Sachs Looking to Raise $2 Billion for Buying Celsius Network Assets

Major U.S. investment bank Goldman Sachs is reportedly in the process of raising $2 billion aimed at buying crypto lender Celsius Network's distressed assets. According to Fortune, this type of deal would allow investors to pick up Celsius' assets for a huge discount in...

U.S. Banks Announce Dividends Hike after Clearing Stress Test Exercise

Four major U.S. banks - Bank of America, Goldman Sachs, Morgan Stanley, and Wells Fargo - announced on Monday that they are raising their dividends. The decision comes after the banks managed to clear the annual stress test exercise by the Federal Reserve. Goldman Sachs...

Zendesk Stock Surges Close to 30 Percent After Takeover News

Zendesk, a company that deals in software-as-a-service products, saw its stock (ZEN) take a jump of around 30 percent on Friday. The reason for this surge is recent news that the investor group is close to sealing a $10.2 billion takeover of the company. ZEN...