Industries

Manufacturing contracts for third straight month

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

Rivian shares fall on mixed results, new recall

Electric automaker Rivian reported mixed results along with its second recall in less than six months. The recall involves nearly 89% of the vehicles produced through September.