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Rivian shifts gears in the EV game, introducing the first ever electric pickup

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For adrenaline junkies who care a lot about the environment, we finally have the truck for you – and it’s electric!

The ultimate adventure truck powered by electricity

The world’s first ever electric truck has just rolled off production lines in Normal, Illinois.

Amazon-backed automotive company Rivian bet Tesla and General Motors in the race to manufacture the first electric pickup.

First introduced in 2018. the R1T debuted alongside its sister the R1S with plans to be the firstly developed 5-seat electric trucks.

Back then, the truck was anticipated to cover a range of over 400 miles before charge as the ultimate adventure car for drivers wanting an adrenaline rush.

Following the announcement, Rivian Founder and CEO RJ Scaringe said he wanted to deliver products the world didn’t already have, while redefining expectations through technology.

“Starting with a clean sheet, we have spent years developing the technology to deliver the ideal vehicle for active customers.”

Rivian Founder and CEO RJ Scaringe

“This means having great driving dynamics on any surface on or off-road, providing cargo solutions to easily store any type of gear, whether it’s a surf board or a fishing rod and, very importantly, being capable of driving long distances on a single charge.”

That dream now a reality

Those expectations were met today when the first R1T was rolled out of the factory and into the hands of the first-ever owner.

“After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal!” Scaringe tweeted.

“Our team’s collective efforts have made this moment possible.”

“Can’t wait to get these into the hands of our customers.”

The R1T model has received regulatory approvals from the National highway Traffic Safety Administration, the US Environmental Protection Agency and the California Air Resources Board.

All 50 US states will see the model popping up in Rivian dealerships across the country, with the truck valued at $67,500 US dollars.

For those hanging out to get their hands on the wheel of one of these muscle machines across Europe, Australia and New Zealand, carsales says you’ll have to wait until early 2022.

Is Tesla behind the eight-ball?

Tesla is still yet to put a date on the release of their Cybertruck, another highly anticipated release for EV fans.

Written by Rebecca Borg

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions

Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.

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Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.


Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.

Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.

Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.

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Australia jobs, market trends, and tariff ruling: What investors need to know

Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.

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Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.


Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.

Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.

Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.

#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews


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