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Amazon-backed Rivian enters talks for $5b Texas plant

Bloomberg Rivian Automotive Inc, the electric-vehicle startup backed by Amazon.com Inc, is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News. The factory — codenamed “Project Tera” according to the document — will be able to produce 200,000 vehicles a year, and will create at ...

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Futures edge lower ahead of inflation data; dollar gains

Bloomberg US equity futures and Treasuries edged lower, while the dollar strengthened on Wednesday ahead of a key report on American inflation that will be parsed by traders for clues on the direction of central-bank policy. Contracts on the S&P 500 Index slipped from a record ahead of data out on Wednesday showing US consumer prices probably jumped again in ...

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Penny stock boom at risk as India bourse curbs price volatility

Bloomberg New measures proposed by Asia’s oldest bourse to curb “excessive price movements” in so-called penny stocks pose hurdles for the millions of newbie traders who have thronged to that segment of India’s $3.1 trillion equity market. BSE Ltd will introduce price bands on the movement of certain stocks based on their performance over a period of six months, one ...

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