Taylor looks at Rivian electric trucks at the auto maker's newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City.Spencer Platt | Getty ImagesShares of Rivian Automotive fell sharply on Thursday, after the company surprised investors with a plan to offer $1.5...
David Kowach, former head of Wells Fargo Advisors, and his new firm, &Partners, bought a broker-dealer in Nashville at the end of August. Now they’re hiring and recruiting financial advisors, with recent pickups from Edward Jones and Wells Fargo Advisors. Wendell E. Jones Jr. worked for Edward Jones for...
Image source: Jaromila | E+ | Getty ImagesConsumers are still splurging for a side of fries with their meals. That can have a positive read through for the economy.Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals —...
A team of advisors who oversaw roughly $150 million in client assets at Securities America, a unit of Osaic, joined LPL Financial’s broker-dealer, RIA and custodial platforms, the firm announced Thursday. Sacramento, California-based Bradford Capital Group includes Chris Bradford, its founder and managing director, along with Dave Meagher and operations...
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors' stock price fell below $30 a share Thursday for the first time in more than three years amid ongoing strikes by the United...
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023.SAUL LOEB | GettyViolent moves in the bond market this week have hammered investors and renewed fears of a recession, as...
McDonald's french fries being prepared.Daniel Acker | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in convertible notes and offered preliminary third-quarter revenue guidance roughly in line...