Rivian Automotive, Inc. ( RIVN ) shares are trading higher premarket on Tuesday. The company disclosed a conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for up to $6.6 billion. The loan comprises $6 billion in principal and approximately $600 million in capitalized interest. Rivian expects the loan to support its growth and...

LONDON, Nov 26 - U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil ( XOM ) said on Tuesday. We're not going to see anybody in 'drill, baby, drill' mode, Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence...

05:45 AM EST, 11/26/2024 (MT Newswires) -- Citigroup ( C ) is reducing the number of year-end staff promotions as part of long-term turnaround to rein in costs, the Financial Times reported Tuesday, citing people familiar with the decisions. Promotions could be reduced to as few as 2,000 employees from about 8,000 in previous rounds, the paper said. The change...

TOKYO (Reuters) - Japanese Prime Minister Shigeru Ishiba has sent a letter to President Joe Biden asking him to approve Nippon Steel's ( NISTF ) acquisition of U.S. Steel, to avoid marring recent efforts to strengthen ties between the countries, according to two sources familiar with the matter. Biden joined a powerful U.S. labour union in opposing the $15 billion...