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Rivian adds $1.3 billion in funding for its electric utility and adventure vehicles

American automotive technology startup Rivian has raised $1.3 billion in new funding, the company announced today. The new investment is the fourth round of capital announced by the company in 2019 alone, following prior announcements of $700 million led by Amazon, $500 million from Ford (which includes a collaboration on electric vehicle technology) and $350 million from Cox Automotive. That’s a lot of money, but Rivian’s not...

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Peter Kraus dishes on the market

During my recent conversation with Peter Kraus, which was supposed to be focused on Aperture and its launch of the Aperture New World Opportunities Fund, I couldn’t help veering off into tangents about the market in general. Below is Kraus’ take on the availability of alpha generation, the Fed, inflation versus Amazon, housing, the cross-ownership of U.S. equities by a few huge funds and high-frequency trading. Gregg Schoenberg:...

fortune.com fortune.com

raceAhead: BlackRock’s Laurence Fink Would Like A Word With Your Boss

No essay today, as I'm racing to the finish line on a magazine story. But I will leave you with a little inspiration from the world of big finance. It comes by way of Laurence D. Fink, the founder and CEO of the investment firm BlackRock, which manages some $6 trillion in investments through 401(k)s, mutual funds and other financial instruments. It's a pointed call to action to other leaders to get busy saving the world. He's written a...

rockthecode.io rockthecode.io

Apache Spark in Financial Modeling at BlackRock

SPEAKER BIOS Andrew Rothstein Andrew Rothstein, Managing Director, is a member of BlackRock Solutions’ Financial Modeling Group currently leading the Advanced Data Analytics team. Mr. Rothstein’s primary responsibilities include managing a team of quantitative analysts and software engineers practicing data science in the pursuit of higher quality more predictive residential mortgage prepayment and credit models. Prior to focusing...