To The Moon

Rivian Automotive eyes micromobility play with electric bike concept Rivian Automotive $Rivian Automotive, Inc.(RIVN)$ CEO RJ Scaringe reportedly told employees at at meeting that the company is developing an electric bike in what could be a surprising expansion of the product lineup amid a new cost-cutting mindset. Sources said Scaringe disclosed that a small group of engineers is actively working on the micromobility concept. It is not known if the product will be closer to a motorcycle, scooter, or bicycle. Currently, Rivian builds a battery electric pickup, a plug-in SUV, and electric delivery vans.

Down, Then Up. $Nasdaq100 Bull 3X ETF(TQQQ)$  Stocks wrapped up a choppy week with more gains, though worries about banks and inflation persist. All three indexes finished the week up more than 1%.  Fears about the banking system have caused traders to question whether the Federal Reserve's interest rate raising campaign may soon coming to an end. Data on the U.S. consumer and housing market, plus several notable earnings reports, will be next week's highlights. Barring any surprises, federal financial regulators' Congressional testimony will be the main event on the banking front. On Wednesday, Fed Vice Chair for Supervision Michael Barr and Federal Deposit Insurance Corp. Chairman Martin Gruenberg are schedul

Bank of America to redeem C$1B of fixed/floating rate senior notes Bank of America $Bank of America(BAC)$  said Wednesday it will redeem outstanding C$1B of its 3.301% fixed/floating rate senior notes, due April 2024, on April 24. The redemption price will equal 100% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the notes will stop accruing on April 24. Earlier this month, Bank of America redeemed $4.5B of its outstanding senior notes.

Taiwan Semiconductor Manufacturing said to construct second factory in Japan For manufacturing 5 and 10 nanometre chips from the second half of the decade, Taiwan Semiconductor Manufacturing $Taiwan Semiconductor Manufacturing(TSM)$  plans to construct a second chip plant in Japan, Reuters reported. The second plant will will cost more than 1T yen ($7.4B), Reuters said, Reuters said, citing the Nikkan Kogyo newspaper. This step is also likely to revive advanced semiconductor manufacturing in the country which it sees as a key requirement for future economic growth driven by new digital technologies. In October 2022, the company had announced that it is building a wafer fab plant in Kumamoto, Japan, with the multi-billion plant having been

Equinor CEO sees tight Europe gas supplies for two more winters The CEO of Norwegian energy giant Equinor $Equinor ASA(EQNR)$  said that he expects Europe will struggle for the next two winters to replace Russian natural gas. "There is very small spare capacity available so small changes in supply have impact," CEO Anders Opedal told the CERAWeek energy conference in Houston. While he is impressed by how Europe has coped with Russia's gas cutoff, Opedal said he expects "the same uncertainty we had before this winter will repeat itself in 2024, and probably also 2025. It's only in 2026-27 that we see new meaningful new energy supplies from the U.S. and Qatar." Europe will continue to find it difficult to secure supplies due to a revival in liq

Chevron, JERA sign MoU to explore carbon capture in U.S, Australia Chevron U.S.A. $Chevron(CVX)$ division has signed a memorandum of understanding with JERA Co. to explore carbon capture and storage projects in the U.S. and Australia. The MoU further expands the partnership between the companies in the lower carbon space, following the November 2022 announcement of their collaboration on the potential co-development of lower carbon fuel in Australia and the study of liquid organic hydrogen carriers in the United States. It also has the potential to expand the significant liquid natural gas relationship that Chevron and JERA have today.

Marathon Petroleum buys 49.9% stake in LF Bioenergy in $50M deal Marathon Petroleum $Marathon(MPC)$ said it acquired a 49.9% interest in U.S. renewable natural gas producer LF Bioenergy from Cresta Fund Management for $50M. The agreement includes the potential for up to an additional $50M based on the achievement of predetermined earn-out targets. Current projects are under various stages of development, with the first facility nearing completion and expected to be in service in this year's H1. Marathon (MPC) is expected to fund its share of capital spending, building out LF Bioenergy's portfolio to produce over 6,500 MMBtu/day by the end of 2026 as specific project milestones are achieved.

Nice

Coinbase: SEC warns of potential charges Coinbase Global $Coinbase Global, Inc.(COIN)$ said it received a Wells Notice from the Securities and Exchange Commission. SEC staff made a preliminary determination to recommend that the agency file an enforcement action against Coinbase (COIN) alleging violations of securities laws, including those relating to newly issued and actively traded securities. However, the exchange said the regulator did not specify the potential charges. Coinbase (COIN) believes these would relate to its exchange, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet. The potential civil action may seek injunctive relief, disgorgement, and civil penalties. "We are confident in the leg

AMC investors said to have approved 1-for-10 reverse split, share conversion AMC Entertainment $AMC Entertainment(AMC)$ investors are said to have approved a 1-for-10 reverse stock split and plans to increase the total number of shares at the special meeting. The approval is a step to enable the theater chain to convert a recently issued series of preferred shares, APE, into common stock, Bloomberg reported. The Allegheny County Employees' Retirement System had filed a class-action complaint in Delaware's Court of Chancery against AMC and its board members, seeking a temporary restraining order against the Mar. 14 conversion vote. The plaintiffs accuse AMC and its board with violating Delaware General Corporation Law