Rivian shares (NYSE: RIVN) shares are trading higher in US premarket price action today after the company reported an impressive set of numbers for the third quarter while raising its full-year delivery guidance. Here are the key takeaways from the report. Rivian reported revenues of $1.34 billion which was ahead of the $1.32 billion that analysts expected. The company delivered 15,564 vehicles in the quarter which accounted for the bulk of the revenues and sales of regulatory credits were minimal during the quarter. Rivian lowered 2023 loss guidance The company lost $1.37 billion in the quar ..read more

Trade Nation, a forex and contracts for difference (CFD) broker, has received a new strategic license from the Financial Services Authority of the Seychelles. With the new license, the company can expand its existing authorizations, including those in the UK, Australia, the Bahamas, and South Africa. Seychelles has made great strides to establish itself as a reputable regulatory authority despite being known primarily for its exotic appeal. As a result, more and more firms, including forex and CFD brokers and crypto traders, are opting to obtain licenses from the FSA in Seychelles. Several ex ..read more

The world of options trading offers opportunities for astute investors in the UK. Among the various instruments available, the listed options are a sophisticated tool for those seeking to navigate the financial markets with precision and finesse. While the potential for leveraging positions and hedging against risks is alluring, it’s imperative to approach this arena with a thorough understanding of advanced strategies. This article embarks on a journey through the intricacies of trading listed options in the UK, delving into techniques beyond the basics. From employing spread strategies to m ..read more

Trade Nation, a forex and contracts for differences (CFDs) broker, sees value in sports sponsorship and has signed an agreement with the English football club Aston Villa. Trade Nation has been appointed as the official sleeves and trading partner of Aston Villa Football Club for a multi-year contract. As part of Trade Nation’s partnership with Aston Villa, the company’s logo will appear prominently on all first-team shirts and adult retail shirts, with support extended to both the men’s and women’s senior teams. Trade Nation declared its enthusiasm for this new collaboration: “We’re proud to ..read more

Amid the ongoing stalemate between the United Auto Workers (UAW) union and Detroit’s Big Three – which includes Ford (NYSE: F), General Motors (GM), and Stellantis (NYSE: STLA), the union has now expanded the strike to Ford’s Kentucky plant which is its company’s largest and most profitable plant. Ford shares are trading lower in US premarket price action today amid the worsening relations between UAW and automakers. The UAW said on X (formerly Twitter) “The 8,700 UAW members at Ford’s iconic and extremely profitable Kentucky Truck Plant have joined the Stand Up Strike after Ford refuses to m ..read more

Tesla shares are higher in US price action this morning even as the Elon Musk-run company missed delivery and production estimates for the third quarter of 2023. Tesla produced 430,488 cars in the quarter and delivered 435,059. For the last many quarters, the company’s deliveries have trailed production. However, in Q3 its deliveries were ahead of the production. Nonetheless, the company’s deliveries fell on a sequential basis for the first time since Q2 2022. Tesla misses Q3 delivery estimates Also, the deliveries fell short of the 459,949 vehicles that analysts polled by LSEG (formerly Refi ..read more

As the crypto market continues to gain momentum, securing your digital assets becomes increasingly crucial. Bitcoin wallets serve as the digital vaults safeguarding your valuable BTC holdings. These wallets come in two primary forms: software and hardware. In this comprehensive guide, we will explore the pros and cons of both software and hardware Bitcoin wallets while introducing Bitamp Bitcoin wallet as an excellent option for secure and user-friendly Bitcoin storage. Software Wallets: The Convenience of Digital Access Software wallets, also known as hot wallets, are applications or online s ..read more

US inflation data released this morning came in hotter-than-expected and the CPI rose 3.7% on an annualized basis and 0.6% on a monthly basis, seasonally adjusted. US inflation in the current cycle peaked at an annualized rate of 9.1% in June 2022 and then fell every month until June 2023 when it hit 3%. However, annualized inflation inched up in July and August as the low base effect has started to wane. US inflation rises as energy prices rise In its release, the US Bureau of Labor Statistics said, “The index for gasoline was the largest contributor to the monthly all items increase, accoun ..read more

Wall Street’s opinion on Tesla (NYSE: TSLA) shares has always been quite divided. While data compiled by Hazeltree, which tracks 12,000 shares globally shows that the Elon Musk-run company was the most shorted share in August for the third consecutive month, Morgan Stanley analyst Adam Jonas upgraded the share to an overweight and predicted a massive upside. To be sure, Tesla is often among the most shorted shares in the US markets. A lot of investors see the shares are overpriced and short then aiming to capitalise on the slide in the share. Tesla was the most shorted share in August The for ..read more

Over the weekend, Berkshire Hathaway (NYSE: BRK.B) released its earnings for the second quarter of 2023. The conglomerate, which is led by legendary value investor Warren Buffett reported a sharp increase in its net income while its cash pile soared to $147 billion which is the second highest on record. Berkshire Hathaway reported a net income of $35.91 billion in the quarter as compared to a net loss of $43.62 billion in the second quarter of 2022. That said, the metric can often provide an incorrect picture thanks to an accounting rule which mandates the company to also report mark-to-marke ..read more