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Trading Ideas

Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding

December 23, 2019 admin Comments Off on Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding

(Bloomberg) — Rivian Automotive Inc., the electric-truck maker already backed by Amazon.com Inc. and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.The funds generated from Rivian’s fourth major investment this year boosts the total raised to $2.85 billion. The Plymouth, Michigan-based manufacturer said Amazon, Ford and funds managed by BlackRock also participated in the round.Rivian’s latest haul comes as the company is drawing significant interest from both consumers and businesses wanting to shift to electric vehicles. Chief Executive Officer R.J. Scaringe has spent the …read more […]

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Former Uber CEO sells more than $2.5B worth of shares

December 23, 2019 admin Comments Off on Former Uber CEO sells more than $2.5B worth of shares

The co-founder and former CEO of Uber is on track to completely sell off his stake in the company. Travis Kalanick has sold more than $2.5 billion worth of shares, which leaves him with less than 10% of his holdings. Yahoo Finance’s Kristin Myers, SIbile Marcellus and Scott Gamm discuss on YFi AM. …read more […]

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Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others

December 23, 2019 admin Comments Off on Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others

The investment round, which also included BlackRock Inc, is the fourth this year for Rivian and positions the Plymouth, Michigan-based company as one of the better-financed players in a crowded EV manufacturing market where Tesla Inc is the most established player. “This investment demonstrates confidence in our team, products, technology and strategy,” Rivian Chief Executive R.J. Scaringe said in a statement. …read more […]

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Hedge Funds Have Never Been More Bullish On Titan Medical Inc. (NASDAQ:TMDI)

December 23, 2019 admin Comments Off on Hedge Funds Have Never Been More Bullish On Titan Medical Inc. (NASDAQ:TMDI)

Is Titan Medical Inc. (NASDAQ:TMDI) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […] …read more […]

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Is AEGON N.V. (AEG) A Good Stock To Buy?

December 23, 2019 admin Comments Off on Is AEGON N.V. (AEG) A Good Stock To Buy?

Hedge funds are known to underperform the bull markets but that’s not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […] …read more […]

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3 “Strong Buy” Stocks Poised to Ride the 5G Wave

December 23, 2019 admin Comments Off on 3 “Strong Buy” Stocks Poised to Ride the 5G Wave

The new decade is set to open with the widespread deployment of 5G networks. The rollout of the 5th generation of wireless technology will improve many available services as well as support a million devices in the radius of a single kilometer. From downloading 4K movies on our smartphones in seconds, to remote surgery aided by VR headsets, to cars being able to talk to each other – all will reap the benefits of 5G networks.As with any new technology, it can be hard at first to imagine the changes it will bring. Market incentives are sure to play their …read more […]