Shares of Salesforce.com (NYSE: CRM) dropped 17.1% in April as part of a growth-stock sell-off. Rising interest rates are pulling capital away from riskier assets, while investors are starting to worry that tighter monetary policy from the Federal Reserve will lead to slowing economic activity. Unfortunately for investors, growth stocks are the biggest victims of the current market correction. Read More...
TheStreet.com
Ford Might Have Very Bad News for Rivian
The first quarter was very tough for Rivian and its shareholders. At the beginning of March, the company had said that the Normal, Ill., factory had capacity to produce 50,000 vehicles in 2022, but due to supply-chain difficulties, Rivian would manufacture only half that number — 25,000. The market capitalization at Rivian has shrunk by $66.1 billion, to $25.43 billion from Dec. 31 to May 6.
