) vehicles have air bags with a potentially dangerous part that the government says should be recalled. Shares of Lamb Weston Holdings -- Losses on longer-dated Treasuries are beginning to rival some of the most notorious market meltdowns in US history.
Real Estate: Asking Prices Plummet as Mortgage Rates Hit 20-Year High – Is It Time to Buy, Sell or Stay Put? The real estate market, always a dynamic and ever-shifting landscape, has recently witnessed a notable twist. As mortgage rates soar to unseen levels in two decades, home sellers reevaluate their... -- Rivian Automotive Inc. sank after the electric-vehicle maker announced plans to issue $1.5 billion in convertible debt and reported preliminary third-quarter revenue.
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Mortgage rates rise, Rivian stock slumps on plans to raise $1.5 billion: Yahoo Finance LiveThe average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst3:35 p.m. ET - Glenn Kelman, Redfin CEO4:05 p.m. ET - Joseph Wang, Monetary Macro CIO4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist
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