The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
Daily Report as on 8th February 2021
#TRADESIGNALS
https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-08-february-2021/
#TradeAnalysis #FundamentalAnalysis #StockAnalysis #TechnicalAnalysis #DailyMarketReport #CommodityAnalysis #CapitalStreetFx #AsiaPacificMarketReport #EuropeanMarketReport #USMarketReport #USWallStreet #USCommodityMarket #Forex #ForexMarket #CruidOil #CruidOilMarket #Crypto #CryptoCurrency #CryptoMarket #TopUsStocks #TopEconomicNews #GBPUSD #USDJPY #EURGBP #AUDUSD #DJEUROSTOXX #DJSTOXX #DJEURO #WTI #GOLD #BTCUSD #
Daily Report as on 8th February 2021
#TRADESIGNALS
https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-08-february-2021/
#TradeAnalysis #FundamentalAnalysis #StockAnalysis #TechnicalAnalysis #DailyMarketReport #CommodityAnalysis #CapitalStreetFx #AsiaPacificMarketReport #EuropeanMarketReport #USMarketReport #USWallStreet #USCommodityMarket #Forex #ForexMarket #CruidOil #CruidOilMarket #Crypto #CryptoCurrency #CryptoMarket #TopUsStocks #TopEconomicNews #GBPUSD #USDJPY #EURGBP #AUDUSD #DJEUROSTOXX #DJSTOXX #DJEURO #WTI #GOLD #BTCUSD #
Asian shares, oil buoyant on economic revival hopes
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.08% to 3,534.91. Hong Kong’s Hang Seng Index was up about 0.07% to 29,276.25.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 2.12 per cent at 29,388.50 on Monday, while the broader TOPIX 100 rose 1.79 per cent to 1,245.37. South Korea’s Kospi was up down 0.79% to 3096.63.
#TECHNICAL INDICATORS
Checkout the link to see the Asian market report
https://www.capitalstreetfx.com/en/asian-shares-oil-buoyant-on-economic-revival-hopes/
#ShanghaiComposite #HangSeng #Kospi #Nikkei #Topix100
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.08% to 3,534.91. Hong Kong’s Hang Seng Index was up about 0.07% to 29,276.25.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 2.12 per cent at 29,388.50 on Monday, while the broader TOPIX 100 rose 1.79 per cent to 1,245.37. South Korea’s Kospi was up down 0.79% to 3096.63.
#TECHNICAL INDICATORS
Checkout the link to see the Asian market report
https://www.capitalstreetfx.com/en/asian-shares-oil-buoyant-on-economic-revival-hopes/
#ShanghaiComposite #HangSeng #Kospi #Nikkei #Topix100
Capital Street FX
Asian shares, oil buoyant on economic revival hopes - Capital Street FX
Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. MSCI’s…
European Stocks Up, Boosted by Yellen Push for U.S. Stimulus Measures
The pan-European Stoxx 50 climbed up by 0.37% to 3,655.77. In the cash markets, the DAX futures Germany was trading 0.03% down at 14,056.72. CAC 40 futures in France climbed up by 0.90% to 5,659.26, while the FTSE 100 futures in the U.K. fell by 0.22% to 6,489.33 ,at the time of writing.
#TECHNICALINDICATORS
#FTSE_100_Analysis
https://www.capitalstreetfx.com/en/european-stocks-up-boosted-by-yellen-push-for-u-s-stimulus-measures/
#DaxFutures #Dax #CAC40Futures #CAC40 #FTSE100 #Stoxx50 #IndicesAnalysis
The pan-European Stoxx 50 climbed up by 0.37% to 3,655.77. In the cash markets, the DAX futures Germany was trading 0.03% down at 14,056.72. CAC 40 futures in France climbed up by 0.90% to 5,659.26, while the FTSE 100 futures in the U.K. fell by 0.22% to 6,489.33 ,at the time of writing.
#TECHNICALINDICATORS
#FTSE_100_Analysis
https://www.capitalstreetfx.com/en/european-stocks-up-boosted-by-yellen-push-for-u-s-stimulus-measures/
#DaxFutures #Dax #CAC40Futures #CAC40 #FTSE100 #Stoxx50 #IndicesAnalysis
Capital Street FX
European Stocks Up, Boosted by Yellen Push for U.S. Stimulus Measures - Capital Street FX
European stocks were up on Monday morning, starting the week with on an optimistic note after the U.S. Secretary of the Treasury Janet Yellen pushed for a U.S. stimulus package to be passed and COVID-19 trends showed improvements. Yellen said on sunday that…
TOP 5 STOCKS TO WATCH OUT TODAY 08th FEBRUARY 2021
https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-today-08-february-2021/
#Twitter #SoftBank #Hyundai #Amazon #Facebook #StockAnalysis #StockMarket #UsStocks
https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-today-08-february-2021/
#Twitter #SoftBank #Hyundai #Amazon #Facebook #StockAnalysis #StockMarket #UsStocks
Capital Street FX
TOP 5 STOCKS TO WATCH OUT TODAY 08 FEBRUARY 2021 - Capital Street FX
Amazon Trade News
Apple supplier Dialog Semiconductor snapped up by Japanese tech giant for $6 billion
On technical fronts Apple AAPL RSI stood at 55.52 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Apple AAPL – BUY: 136.55, TARGET: 137.18, STOP LOSS : 135.96
Checkout the link for TradeSignals
https://www.capitalstreetfx.com/en/apple-supplier-dialog-semiconductor-snapped-up-by-japanese-tech-giant-for-6-billion/
#TradeSignal #TradeForecase #TradeSuggestion #TechnicalIndicators #ApplyStockAnalysis #StockAnalysis
On technical fronts Apple AAPL RSI stood at 55.52 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Apple AAPL – BUY: 136.55, TARGET: 137.18, STOP LOSS : 135.96
Checkout the link for TradeSignals
https://www.capitalstreetfx.com/en/apple-supplier-dialog-semiconductor-snapped-up-by-japanese-tech-giant-for-6-billion/
#TradeSignal #TradeForecase #TradeSuggestion #TechnicalIndicators #ApplyStockAnalysis #StockAnalysis
Capital Street FX
Apple supplier Dialog Semiconductor snapped up by Japanese tech giant for $6 billion - Capital Street FX
Shares in Dialog Semiconductor 0OLN, +5.98% soared 21% on Monday, after Japan’s Renesas Electronics snapped up the U.K.-listed Apple supplier for €4.9 billion ($5.9 billion). The all-cash offer of €67.50 a share represents a 20% premium to Dialog’s closing…
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TRADE SIGNAL AS ON 09-02-2021
#EURSEK
BUY=10.11375
TARGET=10.13
SL=10.10
#BRENT CRUDE OIL FUT
BUY=61.09
TARGET=62.98
SL=59.89
#BMW AG
SELL=70.07
TARGET=69.06
SL=71.01
#LITECOIN USD
SELL=170.12
TARGET=164.72
SL=175.0
#FTSE 100
SELL=6530.0
TARGET=6467.3
SL=6596.0
TRADE SIGNAL AS ON 09-02-2021
#EURSEK
BUY=10.11375
TARGET=10.13
SL=10.10
#BRENT CRUDE OIL FUT
BUY=61.09
TARGET=62.98
SL=59.89
#BMW AG
SELL=70.07
TARGET=69.06
SL=71.01
#LITECOIN USD
SELL=170.12
TARGET=164.72
SL=175.0
#FTSE 100
SELL=6530.0
TARGET=6467.3
SL=6596.0
Technical Analysis GBPUSD
https://www.youtube.com/watch?v=Pi3jZDgiETY
#USDGBP #TradeAnalysis #TRADESIGNAL #FOREXSIGNALS
https://www.youtube.com/watch?v=Pi3jZDgiETY
#USDGBP #TradeAnalysis #TRADESIGNAL #FOREXSIGNALS
YouTube
[GBPUSD] Technical Analysis By Capital Street FX - February 09, 2021
Here is our GBPUSD forecast! Is the GBPUSD uptrend ending, or is there still more room for the Dollar to rise? Let’s find out.
Do you agree with this GBPUSD analysis? Use the comments section and share how you’re trading this popular forex pair and what…
Do you agree with this GBPUSD analysis? Use the comments section and share how you’re trading this popular forex pair and what…
Technical Analysis GOLD
https://www.youtube.com/watch?v=VoEDs5JhGSk
#CommodityAnalysis #GoldAnalysis #TradeSignals #FreeTradeSignals #TradeSuggestion
https://www.youtube.com/watch?v=VoEDs5JhGSk
#CommodityAnalysis #GoldAnalysis #TradeSignals #FreeTradeSignals #TradeSuggestion
YouTube
[GOLD Price] Technical Analysis By Capital Street FX - February 09, 2021
Here is our GOLD forecast! Is the GOLD uptrend ending, or is there still more room for the Dollar to rise? Let’s find out.
Do you agree with this GOLD analysis? Use the comments section and share how you’re trading this popular forex pair and what your GOLD…
Do you agree with this GOLD analysis? Use the comments section and share how you’re trading this popular forex pair and what your GOLD…
Technical Analysis and Trade Suggestions
https://www.youtube.com/watch?v=B889z1c1lJA
#TradeSignals #TradeSuggestion #TradeAnalysis #IndicesAnalysis #FTSE100 #UKINDICES
https://www.youtube.com/watch?v=B889z1c1lJA
#TradeSignals #TradeSuggestion #TradeAnalysis #IndicesAnalysis #FTSE100 #UKINDICES
YouTube
[FTSE100] Technical Analysis By Capital Street FX - February 09, 2021
Here is our FTSE100 forecast! Is the FTSE100 uptrend ending, or is there still more room for the Dollar to rise? Let’s find out.
Do you agree with this FTSE100 analysis? Use the comments section and share how you’re trading this popular forex pair and what…
Do you agree with this FTSE100 analysis? Use the comments section and share how you’re trading this popular forex pair and what…
Top 5 latest Stock Market News as on 9th February 2021
https://www.youtube.com/watch?v=oaIWRiffrg0
#marketNews #FinancialNews #EconomicNews #MarketReport
https://www.youtube.com/watch?v=oaIWRiffrg0
#marketNews #FinancialNews #EconomicNews #MarketReport
YouTube
Latest Share Market News Today By Capital Street FX - February 09, 2021
Financial Market Update and Top Stock Market News By Capital Street Fx
1.Dollar Down as Doubts Creep In Over Safe-Haven's Recent Rally
2. Gold Up Over Weak Dollar, Hopes for Further U.S. Stimulus Measures
3. Bitcoin extends gains above $47,000 in Asia
4.…
1.Dollar Down as Doubts Creep In Over Safe-Haven's Recent Rally
2. Gold Up Over Weak Dollar, Hopes for Further U.S. Stimulus Measures
3. Bitcoin extends gains above $47,000 in Asia
4.…
The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
Daily Market Report as on 9th February 2021
Checkout Our Market Report of the day and prepare yourself to cash the potential market moves.
https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-09-february-2021/
#MarketReport #DailyMarketReport #TradeAnalysis #EuroZone #CommodityMarketReport #StockMarketReport #CryptoCurrencyMarketReport #ForexMarketReport #TradeSignals #TradeSuggestions
Daily Market Report as on 9th February 2021
Checkout Our Market Report of the day and prepare yourself to cash the potential market moves.
https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-09-february-2021/
#MarketReport #DailyMarketReport #TradeAnalysis #EuroZone #CommodityMarketReport #StockMarketReport #CryptoCurrencyMarketReport #ForexMarketReport #TradeSignals #TradeSuggestions
Asian Stocks Up, Cling to Gains After U.S. Markets Hit Another Record
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.81% to 3,596.74. Hong Kong’s Hang Seng Index was down about 0.01% to 29,321.25.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 2.12 per cent at 29,505.50 on Tuesday, while the broader TOPIX 100 rose 0.07 per cent to 1,248.29. South Korea’s Kospi was up down 0.21% to 3084.67.
TECHNICAL INDICATORS
https://www.capitalstreetfx.com/en/asian-stocks-up-cling-to-gains-after-u-s-markets-hit-another-record/
#ShanghaiComposite #HengSeng #Nikkei #Topix100 #AsiaPacific #IndoPacific
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.81% to 3,596.74. Hong Kong’s Hang Seng Index was down about 0.01% to 29,321.25.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 2.12 per cent at 29,505.50 on Tuesday, while the broader TOPIX 100 rose 0.07 per cent to 1,248.29. South Korea’s Kospi was up down 0.21% to 3084.67.
TECHNICAL INDICATORS
https://www.capitalstreetfx.com/en/asian-stocks-up-cling-to-gains-after-u-s-markets-hit-another-record/
#ShanghaiComposite #HengSeng #Nikkei #Topix100 #AsiaPacific #IndoPacific
Capital Street FX
Asian Stocks Up, Cling to Gains After U.S. Markets Hit Another Record - Capital Street FX
Asia Pacific stocks were mostly up on Tuesday morning after their U.S. counterparts wrapped up another record-setting day overnight. Japan’s Nikkei 225 was up 0.24% by 9:54 PM ET (2:54 AM GMT) and South Korea’s KOSPI was up 0.53%. In Australia, the ASX 200 was…
European Stocks Higher; Dialog Deal Boosts Tech Sector
The pan-European Stoxx 50 climbed up by 0.27% to 3,665.51. In the cash markets, the DAX futures Germany was trading 0.02% up at 14,059.91. CAC 40 futures in France climbed up by 0.47% to 5,686.03, while the FTSE 100 futures in the U.K. rose by 0.53% to 6,523.53 ,at the time of writing.
TECHNICAL INDICATORS FTSE 100
https://www.capitalstreetfx.com/en/european-stocks-higher-dialog-deal-boosts-tech-sector/
#DaxFutures #Dax #Stoxx50 #CAC40Futures #CAC40 #FTSE100 #FTSE100Analysis
The pan-European Stoxx 50 climbed up by 0.27% to 3,665.51. In the cash markets, the DAX futures Germany was trading 0.02% up at 14,059.91. CAC 40 futures in France climbed up by 0.47% to 5,686.03, while the FTSE 100 futures in the U.K. rose by 0.53% to 6,523.53 ,at the time of writing.
TECHNICAL INDICATORS FTSE 100
https://www.capitalstreetfx.com/en/european-stocks-higher-dialog-deal-boosts-tech-sector/
#DaxFutures #Dax #Stoxx50 #CAC40Futures #CAC40 #FTSE100 #FTSE100Analysis
Capital Street FX
European Stocks Higher; Dialog Deal Boosts Tech Sector - Capital Street FX
European stock markets traded higher Monday, as optimism grows about economic recovery as vaccination campaigns continue to make progress. At 3:55 AM ET (0855 GMT), the DAX in Germany traded 0.1% higher, the CAC 40 in France rose 0.4%, and the U.K.’s FTSE…
TOP 5 STOCKS TO WATCH OUT TODAY 09 FEBRUARY 2021
https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-today-09-february-2021/
#Twitter #SoftBank #Tancent #Facebook #Apple
https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-today-09-february-2021/
#Twitter #SoftBank #Tancent #Facebook #Apple
Capital Street FX
TOP 5 STOCKS TO WATCH OUT TODAY 09 FEBRUARY 2021 - Capital Street FX
Tesla’s Foray into Bitcoin Raises Red Flags, Both Old and New
On technical fronts Tesla (NASDAQ:TSLA) RSI stood at 60.23 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Tesla (NASDAQ:TSLA) – BUY: 863.42, TARGET: 878.08 , STOP LOSS : 833.42
CheckOut the link to read Full Article
https://www.capitalstreetfx.com/en/teslas-foray-into-bitcoin-raises-red-flags-both-old-and-new/
On technical fronts Tesla (NASDAQ:TSLA) RSI stood at 60.23 and currently stock is trading above all Moving Average. So, BUY position can be taken with following target and stoploss:
TRADE SIGNAL – : Tesla (NASDAQ:TSLA) – BUY: 863.42, TARGET: 878.08 , STOP LOSS : 833.42
CheckOut the link to read Full Article
https://www.capitalstreetfx.com/en/teslas-foray-into-bitcoin-raises-red-flags-both-old-and-new/
Capital Street FX
Tesla's Foray into Bitcoin Raises Red Flags, Both Old and New - Capital Street FX
Tesla’s move to buy $1.5 billion of Bitcoin ought to raise more red flags in financial markets than a Communist Party rally in Beijing. Instead, it’s fuelling a speculative mania in an asset that is trading more feverishly than ever before on the Greater…
Oil climbs to 13-month highs on output cuts, demand recovery hopes
On the technical front, Brent RSI stood at 80.562 the current price is trading Above All the Moving Averages . So, a Buy trade can be executed with the following target and stop-loss:
TRADE SIGNAL- BRENT – BUY 60.90, TARGET:61.40, STOP LOSS:.60.65.
Checkout the full article
https://www.capitalstreetfx.com/en/oil-climbs-to-13-month-highs-on-output-cuts-demand-recovery-hopes/
#TradeSuggestion #TradeSignals #CrudeOil #BrentCrude
On the technical front, Brent RSI stood at 80.562 the current price is trading Above All the Moving Averages . So, a Buy trade can be executed with the following target and stop-loss:
TRADE SIGNAL- BRENT – BUY 60.90, TARGET:61.40, STOP LOSS:.60.65.
Checkout the full article
https://www.capitalstreetfx.com/en/oil-climbs-to-13-month-highs-on-output-cuts-demand-recovery-hopes/
#TradeSuggestion #TradeSignals #CrudeOil #BrentCrude
Capital Street FX
Oil climbs to 13-month highs on output cuts, demand recovery hopes - Capital Street FX
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets. Brent Crude futures for April gained 48 cents, or 0.8%, to $61.04 a barrel by 0443 GMT. U.S. West…
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TRADE SIGNAL AS ON 10-02-2021
#USDMXN
SELL=20.06
TARGET=19.91
SL=20.18
#SILVER
BUY=27.269
TARGET=27.806
SL=26.895
#BAYER AG
SELL=55.19
TARGET=52.20
SL=56.60
#ETHEREUM
BUY=1801.80
TARGET=1850.00
SL=1724.02
#DJ EURO STOXX 50
SELL=3659.0
TARGET=3634.0
SL=3673.0
TRADE SIGNAL AS ON 10-02-2021
#USDMXN
SELL=20.06
TARGET=19.91
SL=20.18
#SILVER
BUY=27.269
TARGET=27.806
SL=26.895
#BAYER AG
SELL=55.19
TARGET=52.20
SL=56.60
#ETHEREUM
BUY=1801.80
TARGET=1850.00
SL=1724.02
#DJ EURO STOXX 50
SELL=3659.0
TARGET=3634.0
SL=3673.0
TOP 5 STOCKS TO WATCHOUT
1.#TWITTER- Twitter Inc said on Wednesday it would not fully comply with orders from Prime Minister Narendra Modi's government to take down some accounts as it does not believe the orders are consistent with Indian law.
It has permanently suspended some accounts but for others, it has only restricted access within India and the tweets can still be read outside the country.
The U.S. social media giant has found itself in a heated no-win row with Modi's administration, which wants it to take down more than 1,100 accounts and posts that the government argues are spreading misinformation about months-long farmers' protests against new agricultural laws.
Some accounts, the government said, are backed by arch-rival Pakistan or are operated by supporters of a separatist Sikh movement.
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content.
Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Others were geo-blocked, although Twitter did not go into detail on how it made decisions on which accounts to restrict.
"These accounts continue to be available outside of India," Twitter said. "Because we do not believe that the actions we have been directed to take are consistent with Indian law."
2.#TESLA :Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
Rivian has been in talks with bankers about its plans, but the company's timeline for an initial public offering isn't final and a listing could happen later in the year or next year, Bloomberg News reported, citing people familiar with the matter.
The company declined to comment.
Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. The startup has said it has raised $8 billion since the start of 2019.
The company's deliveries of pickups would start in June, while those of SUVs would begin in August. Launch editions of the vehicles are priced at $75,000 and $77,500, respectively, with a 300-mile (480 km) driving range for both.
In 2019, Amazon ordered 100,000 electric vans from Rivian. The first Amazon vehicles went into production at Rivian's factory in Normal, Illinois in late 2021, with all deliveries to be completed by 2024.
3.#APPLE:-Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday.
Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report said.
The displays under development are less than 1 inch in size, Nikkei added.
Bloomberg News in January reported that Apple was still working on underlying technologies for its AR glasses, codenamed N421. It said the product was several years away, citing sources, but added that Apple has previously targeted as early as 2023 to unveil it. The micro OLED project with TSMC is currently at the trial production stage and will take several years to achieve mass production, according to Nikkei.
4. #GOOGLE:- Alphabet Inc's YouTube said on Tuesday it has become the first digital platform to receive an accreditation from the Media Rating Council, signifying the streaming video service effectively protects its advertisers from appearing on content deemed inappropriate for paid ads.
1.#TWITTER- Twitter Inc said on Wednesday it would not fully comply with orders from Prime Minister Narendra Modi's government to take down some accounts as it does not believe the orders are consistent with Indian law.
It has permanently suspended some accounts but for others, it has only restricted access within India and the tweets can still be read outside the country.
The U.S. social media giant has found itself in a heated no-win row with Modi's administration, which wants it to take down more than 1,100 accounts and posts that the government argues are spreading misinformation about months-long farmers' protests against new agricultural laws.
Some accounts, the government said, are backed by arch-rival Pakistan or are operated by supporters of a separatist Sikh movement.
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content.
Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Others were geo-blocked, although Twitter did not go into detail on how it made decisions on which accounts to restrict.
"These accounts continue to be available outside of India," Twitter said. "Because we do not believe that the actions we have been directed to take are consistent with Indian law."
2.#TESLA :Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
Rivian has been in talks with bankers about its plans, but the company's timeline for an initial public offering isn't final and a listing could happen later in the year or next year, Bloomberg News reported, citing people familiar with the matter.
The company declined to comment.
Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. The startup has said it has raised $8 billion since the start of 2019.
The company's deliveries of pickups would start in June, while those of SUVs would begin in August. Launch editions of the vehicles are priced at $75,000 and $77,500, respectively, with a 300-mile (480 km) driving range for both.
In 2019, Amazon ordered 100,000 electric vans from Rivian. The first Amazon vehicles went into production at Rivian's factory in Normal, Illinois in late 2021, with all deliveries to be completed by 2024.
3.#APPLE:-Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday.
Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report said.
The displays under development are less than 1 inch in size, Nikkei added.
Bloomberg News in January reported that Apple was still working on underlying technologies for its AR glasses, codenamed N421. It said the product was several years away, citing sources, but added that Apple has previously targeted as early as 2023 to unveil it. The micro OLED project with TSMC is currently at the trial production stage and will take several years to achieve mass production, according to Nikkei.
4. #GOOGLE:- Alphabet Inc's YouTube said on Tuesday it has become the first digital platform to receive an accreditation from the Media Rating Council, signifying the streaming video service effectively protects its advertisers from appearing on content deemed inappropriate for paid ads.