Stocks

Rivian shares drive toward 9th straight win

The winning streak continues for Rivian shares, adding to the 80+% gains over the last eight trading days as investors pile into the electric vehicle maker after a string of announcements.

Amazon-Rivian deal sends shares to new high

Rivian shares hit a new high after Amazon announced it was taking the auto company’s technology to Europe with first rollouts in Munich, Berlin and Düsseldorf, Germany.

Apple market cap hits $3T

Apple shares are hovering above the $192 mark on Friday, propelling the tech giant’s valuation to more than $3 trillion. The tech giant briefly traded above this level in 2022.

Stellantis launches EV charging business

Netherlands-based Stellantis is jumping into the EV charging industry with the launch of Free2move, providing infrastructure at home or work, the company announced on Tuesday.

PacWest sells loan portfolio for over $3.5B

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.