Sustainable automaker Rivian has secured $2.5 billion in its latest funding round run by T. Rowe Price. The investment will allow the company to begin production on a fleet of 100,000 electric delivery vehicles for Amazon. The up-and-coming automaker has yet to produce any vehicles, but this...
The COVID-19 pandemic has not only had an effect on individual renters, but also rental markets as a whole. The wider market is experiencing a squeeze. This means that the lowest rental price areas are becoming more expensive and the highest rental price areas are becoming cheaper.
Senate Majority Leader Mitch McConnell has significantly altered his stance on a second round of stimulus payments this week. McConnell had earlier called the Heroes Act dead-on-arrival, dismissing the Democratic House bill due to its cost. Now, he says a second round of stimulus payments “could well...
The US Small Business Administration (SBA) released the names of hundreds of Paycheck Protection Program loan recipients. But in order to protect smaller businesses, the SBA only revealed those businesses that received $150,000 or more. Of the bunch, there were a handful of noteworthy names, including a...
The health and nutrition store GNC announced it would close 1,200 of its locations. This announcement comes after the company filed for Chapter 11 bankruptcy protection this Tuesday. GNC has also stated that it’s looking for a buyer. Nail in the Coffin
With unemployment skyhigh, Americans are eagerly waiting for news about a second stimulus payment. When it will come and what form it will take are still up for discussion. Senate Republicans and White House officials have expressed hesitation about rolling out a second round...
The coronavirus pandemic has been rife with market shortages. First it was toilet paper and hand sanitizer, then meat, and now an item that few realized we could run out of. According to the Federal Reserve, the pandemic has caused a shortage of American coins. 
If you've been patiently awaiting your stimulus payment, you might be troubled to realize that you accidentally threw it away. But don't be too hard on yourself if you did. The $1,200 Economic Impact Payments that the federal government sent to millions of Americans amid the coronavirus...
Today, the US Labor Department announced that over 1.5 million Americans filed jobless claims last week. This constitutes the lowest weekly number since the COVID-19 crisis began as many are returning to work resulting from the re-opening economy. As of June 5th, the...
The Nasdaq exchange has officially overtaken the New York Stock Exchange (NYSE) in year-to-date, initial public offerings (IPOs). The dealer’s market was able to pull forward with two huge IPOs by Warner Music Group and ZoomInfo. This year, firms debuting IPOs on the Nasdaq have raised a...
Don't Miss Out on Our Daily Posts
Get the latest posts delivered right into your inbox. We hate spam too!