Rivian’s stock sale triggers worst rout for the shares in nearly two years

It’s hard to go for a month in the registered investment advisor sector without a new report detailing the challenge of succession planning in this founder-led, client-driven industry. Just take this week. According to Charles Schwab’s annual RIA benchmarking survey, just 45% of firms with under $250 million in assets under management have a written…

Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover Genius, adding that it will use the new capital to deepen enterprise partnerships with enhanced…

Jonathan Korbecki was relaxing at home on the Thornapple River one rainy February night when the fire marshal knocked on his door, warning the nearby Labarge Dam may fail and send a wall of water his way. Hundreds of yards of trucked-in sand prevented disaster that 2018 night at the high-hazard dam, where a failure…

The rate of denials has increased in disability cases, research shows

A motherboard from one of Rivian’s all-electric vehicles. Michael Wayland / CNBC Rivian Automotive stock plunged nearly 15% during midday trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock. The capital raise occurred during extended hours trading after Rivian shares rose 8.1%…

The 2026 FIFA World Cup is entering the semifinal stage this week, with Argentina facing England and France facing Spain to see who will play in the final on July 19. The tournament has been even more top of mind for the U.S., as it’s hosted in here and in Canada and Mexico. The last…