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Summary Powell’s speech last Wednesday raised recession fears. The Atlanta Fed revised its third-quarter GDP estimate down to a +0.3% annual pace, down from its previous estimate of a +0.5% annual pace. U.S. interest rates also shot up in response to the Fed Chair’s ...
Summary Innoviz has proven itself to be a leader in the LiDAR space as it becomes a tier 1 supplier for the second largest car manufacturer in the world. The Volkswagen win demonstrates Innoviz's strong value proposition with its higher performance and lower cost, especially for i...
Volkswagen ( OTCPK:VWAGY ) announced Monday its battery firm PowerCo has signed a $2.9B joint venture with the Belgian material company Umicore in a stride to bring battery supplies closer to home. The automaker said under this partnership PowerCo's European batt...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lidar stocks Luminar (NASDAQ: LAZR ) and Innoviz (NASDAQ: INVZ ) are trending on social media this morning and are both climbing 7%-8% in early trading. The stocks are advancing after JPMorgan initiated coverag...
Volkswagen AG (OTCMKTS: VWAGY) aims to raise USD9.4 Billion from the initial public offering of its luxury sportscar maker Porsche AG, hopefully valuing the company at as much as USD74.1 Billion. The IPO could be Europe’s biggest listing in over a decade, according to Blo...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: r.classen / Shutterstock.com Porsche is planning an initial public offering ( IPO ) and investors are curious about the latest details revealed by parent company Volkswagen (OTCMKTS: VWAGY ). Let...
The all-electric Volkswagen ID. Buzz ( OTCPK:VWAGY ) will debut Magna's ( NYSE: MGA ) new rear thermoplastic swing doors . The first-to-market technology uses recycled materials that are 20-30% lighter than conventional steel materials and help reduce overall vehicle w...
Volkswagen ( OTCPK:VWAGY ) said on Sunday it is targeting a valuation of €70B-€75B in its initial public offering of automaker Porsche ( OTCPK:POAHY ), in what would be Europe's third largest IPO in history at the upper end of the range. Volkswagen ( OTCP...
Estimates and opinions on the electric vehicle (EV) market vary widely, but one thing is for certain: Sales of battery-powered cars will head higher in the coming decade. Automakers all over the world scramble to electrify their vehicle lineups. But this is a mammoth undertaking that requir...
Summary The market seems to have priced in a lot of the negativity around geopolitical risks following the Ukrainian conflict, high commodity prices, a falling euro, and recession fears. However, to be more precise, Europe consists of many countries which have been impacted differ...
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2024-07-25 04:53:00 ET While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows. With Rivi...