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Rivian Completes Equity Offering Rivian Automotive (NASDAQ:RIVN) has successfully completed a public offering of 75 million Class A common shares priced at $15.50 each, with Goldman Sachs & Co. LLC acting as the lead underwriter. The transaction was expanded after the underwriting syndicate exercised its full overallotment option on 8 July 2026, purchasing an additional…

Gold prices moved modestly higher on Thursday, recovering part of the previous session’s losses as the U.S. dollar steadied and renewed military conflict in the Persian Gulf revived investor concerns about persistent inflation and the prospect of higher interest rates. Spot gold gained 0.7% to $4,104.22 an ounce, while U.S. gold futures also advanced 0.7%…

Bernstein has maintained its aluminium price forecast for the second half of 2026 at $3,100 per ton, despite easing supply concerns following the ceasefire around the Strait of Hormuz and a quicker-than-expected recovery in Middle Eastern production. Supply Recovery Reduces Geopolitical Risk Premium Aluminium prices climbed sharply between March and May as tensions surrounding the…

Oil prices moved lower on Thursday as traders assessed the consequences of fresh U.S. military strikes on Iran and the potential impact on efforts to revive negotiations and fully reopen the Strait of Hormuz, one of the world’s most important energy shipping routes. Brent crude futures fell $1.03, or 1.32%, to $76.99 a barrel by…

Bernstein has updated its outlook for the copper market, forecasting an average price of $12,419 per metric ton in 2026. The research firm expects copper to average $11,750 per ton during the second half of the year, a projection that sits slightly below the current market consensus of $12,515 per ton. Supply Deficits Expected Later…

Wholesale inventories in the United States edged higher in the latest reporting period, but the increase fell short of expectations, suggesting businesses remain cautious about inventory management. The total value of goods held by wholesalers rose 0.1%, below economists’ forecasts for a 0.3% increase. The latest reading also represented a slowdown from the previous month’s…

Super Micro Computer (NASDAQ:SMCI) shares rose 2.6% on Wednesday after the company introduced a new Kubernetes Edge AI appliance developed in partnership with Red Hat and Everpure. The new offering is a fully integrated edge Kubernetes platform powered by Red Hat OpenShift and the Portworx by Everpure data management solution. Supermicro said the turnkey appliance…