STOCK MARKET NEWS: Fed’s Powell’s testimony, more Meta layoffs? Dick’s Sporting Goods delivers

worth $1.3 billion, it said on Monday, as weakening demand and lofty costs tighten a cash crunch around electrical vehicle makers.

Initial investors will get an option to buy an additional $200 million of the bonds for settlement 13 days after the bonds are issued, Rivian said in a statement. The capital from this offering will help facilitate the launch of Rivian's smaller R2 vehicle family, a Rivian spokesperson told Reuters, adding that convertible debt was"optimal cost of capital versus selling equity at today's levels.

Rivian said the bonds would be"green" ones, which typically offer companies the chance to raise debt more cheaply from investors who are willing to take lower returns in exchange for supporting green projects. Rivian's bond will mature in March 2029 and investors will have the option to convert the bonds into cash or shares in the EV maker.Dick's Sporting Goods store, Cherry Hill, N.J., Jan. 8, 2023

As long as Biden keep spending inflation is going to remain high!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dick’s Sporting Goods stock jumps on Q4 earnings and sales beat, robust EPS outlookDick’s Sporting Goods Inc.’s stock jumped 5% before market open Tuesday after the company beat analysts’ earnings estimate in its fourth-quarter results and... I know some of you are thinking it....
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market faces crucial test this week: 3 questions to decide rally's fateInvestors await a marquee report on the state of the U.S. labor market, along with testimony by Fed Chair Jerome Powell and rising Treasury yields. During his back-and-forth with private-equity billionaire David Rubenstein, Powell reiterated that signs of disinflation are emerging, although he acknowledged the journey back to the Fed’s 2% target would likely be “bumpy.” No Bueno! Well if the past is any indicator Powell gives another face ripper!
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market faces crucial test this week: 3 questions that could decide rally's fateInvestors await a marquee report on the state of the U.S. labor market, along with testimony by Fed Chair Jerome Powell amid rising Treasury yields. If democrats don’t stop this mess against retailers they will lose next election , guaranteed It would help if Powell could keep his mouth shut and quit trashing the market to bring it down like he said he was doing.
Source: MarketWatch - 🏆 3. / 97 Read more »