Dubbed the “Tesla challenger,” electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) made a successful debut on the NASDAQ last week. From a US$78 listing price, shares hit a high of $119.46 (+53%) before closing at $100.73 (+29%). At the time of writing, shares are up another 22% at $122.99 (+58%). Valued at more than US$100 billion…
Flying is a great way to get around the world, but it comes at a great cost. In 2018, it’s estimated that global aviation – which includes both passenger and freight – emitted 1.04 billion tonnes of CO2. This represented 2.5% of total CO2 emissions in 2018, and that’s huge. Aviation emissions have doubled since…
A world shortage in shipping containers brought on by the Covid-19 pandemic has led to radical inflation in shipping and container prices, and increased delay times for shipping goods around the globe. This unforeseen event has created a domino effect down the supply chain, disrupting trade in all corners of the globe. When economies around…
Fraudulent activity is on the rise and Australian cryptocurrency exchange Cointree is all over it, launching a free scam awareness course to help investors protect their assets. CEO Shane Stevenson says, “COVID-19 has seen an upswing in scam activity in the cryptocurrency markets with ASIC reporting a sharp increase in reports from consumers about losing…
Over the last two years, Covid has weighed heavily on some of the big healthcare stocks. However, the market has long moved past Covid, and tech innovation is disrupting the healthcare sector at great speed. For that reason, there are suggestions that the next decade will see some of the wildest technological advancements take place…
Throughout the pandemic, forced lockdowns and city-wide restrictions forced the transformation of digital technology, with demand to enable greater transparency, quicker speeds and higher efficiency sped-up by several years. According to a McKinsey report, the pandemic accelerated the digitisation of the customer and supply-chain interactions by three to four years. And one area that has…
Australia’s longest-standing “responsible investment” manager, Australian Ethical, has launched a new High Conviction fund to complement its suite of existing actively-managed funds. Support for the Australian shares and emerging companies strategies has grown sixfold in just five years as Australians have become more ethically minded than ever before. From being just a point of conversation,…
Specialist fund manager, NAOS Asset Management, which has a value focus and seeks to gain any edge it can, often focuses its attention on comments made by people in the know, such as CEOs or business leaders. By doing this, it helps the team gain a better understanding of current market conditions and any trends…
OpenInvest is a Melbourne-based fintech platform that uses a range of managed portfolios to offer its investors a low-cost digital solution. The platform helps form a connection between investors and asset managers, to better educate and support investors during the decision process. CEO of OpenInvest, Andrew Varlamos says, “Investors can get to know the different…
Galloping into November, it’s often considered the prime entry point before months of positive returns supported by the Christmas rally. However, not every rule holds, as October showed without any major selloff. On average, November is the fifth-highest returning month of the year, as shown below. Last year, however, returns in November 2020 were…
