Rivian S Stock Falls More Than 3 As Ev Maker and Amazon Consider Changes to Electric Van Deal
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Troubled EV maker Fisker to cut some car prices by more than 30% to boost demand
Fisker Inc.’s stock got a slight reprieve Thursday after the troubled electric-vehicle maker announced large price cuts in an attempt to boost demand for its cars.MarketWatch - Business -
Fisker Says Deal Talks End, Adding Pressure to EV Maker
The negotiations were critical to giving the California company a lifeline to stave off bankruptcy. Shares traded below a dime.The Wall Street Journal - World -
Fisker Says Deal Talks End, Adding Pressure to EV Maker
The negotiations were critical to giving the California company a lifeline to stave off bankruptcy. Shares traded below a dime.The Wall Street Journal - Business -
How Thames Water can avoid nationalisation
Without fresh equity the UK utility would have to slash costs and investment and focus squarely on cash preservationFinancial Times - Business -
Nio’s stock touches 52-week low after Chinese EV maker cuts sales estimates
U.S.-listed shares of Nio Inc. on Wednesday hovered around a 52-week low after the Chinese electric-vehicle maker cut its current-quarter sales estimates.MarketWatch - Business -
Tesla, Nio and Rivian all downgraded on slowing EV demand, pricing pressures
Tesla Inc. lost another bullish backer — one who said Monday that slowing demand, rising inventories and tightening liquidity should hurt the electric vehicle giant’s results over the next year.MarketWatch - Business -
Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up
Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.CNBC - Business -
The US must address more than LNG to mitigate climate change
While the Biden administration intended to send a message about addressing climate change, it is important to place the LNG story within the broader emissions context.The Hill - Politics - Climate -
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.MarketWatch - Business -
Nissan Motor Plans to Sell More Than a Dozen New EV Models by 2026
The Japanese carmaker plans to start selling more than a dozen new electric-vehicle models, aiming to boost total car sales by one million units within three years.The Wall Street Journal - World -
Nissan Motor Plans to Sell More Than a Dozen New EV Models by 2026
The Japanese carmaker plans to start selling more than a dozen new electric-vehicle models, aiming to boost total car sales by one million units within three years.The Wall Street Journal - Business -
Hyundai to invest more than $50 bn in South Korea in major EV push
Yahoo News - World -
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.The Wall Street Journal - World -
Blockbuster M&A deals more than double in first quarter
Dealmaking drought left behind as first-quarter transaction values rise 30% with European market standing outFinancial Times - Business -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Trump Media stock jumps as much as 50% after DJT ticker debut
Donald Trump last used the DJT stock ticker for a casino and hotel operator. He is hoping his social media company does better than the last firm did.CNBC - Business - Donald Trump -
Viking Therapeutics stock jumps more than 15% on promising weight loss pill data
The Viking study results add to the growing excitement around the biotech company and its potential in the budding weight loss market.CNBC - Business -
3 of 4 suspects charged with concert hall attack in Moscow that killed more than 130 people admit guilt
3 of 4 suspects charged with concert hall attack in Moscow that killed more than 130 people admit guiltABC News - World -
Oil prices end lower, with weekly U.S. crude supply up over 3 million barrels
Oil futures declined on Wednesday but settled off the session’s lows after official U.S. data revealed a weekly increase in crude inventories that was smaller than what was reported by an industry trade group.MarketWatch - Business -
UnitedHealth Group has paid more than $3 billion to providers following cyberattack
UnitedHealth Group has paid out more than $3.3 billion to providers impacted by Change Healthcare cyberattackCNBC - Business -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules.CNBC - Business -
Johnson & Johnson Considers Deal for Shockwave Medical
The California-based maker of medical devices that treat cardiovascular diseases has a market value of nearly $12 billion.The Wall Street Journal - World -
Johnson & Johnson Considers Deal for Shockwave Medical
The California-based maker of medical devices that treat cardiovascular diseases has a market value of nearly $12 billion.The Wall Street Journal - Business -
Chinese EV makers challenging market leaders at auto show in Bangkok
Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor ShowABC News - Tech -
China's latest EV is a 'connected' car from smart phone and electronics maker Xiaomi
Chinese smart consumer electronics maker Xiaomi is joining China's booming but crowded market for electric cars with a sporty high-tech sedanABC News - Tech - China -
China's latest EV is a 'connected' car from smartphone maker Xiaomi
Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars.NBC News - Top stories - China -
Stocks Finish Lower, Led by Nasdaq
U.S. stocks finished lower, with the S&P 500 creeping further from its recent record highs.The Wall Street Journal - World -
Eli Lilly strikes drug dispensing deal with Amazon
Retail group agrees first partnership with a big drug company since launching online pharmacy business in 2020Financial Times - Business -
Having trouble paying your taxes? 3 smart options to consider
If you're struggling to pay off your IRS tax debt, there are a few solutions to consider. Here's what they are.CBS News - Top stories -
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
Warren Buffett-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.CNBC - Business - EV -
South Africa's main opposition party may consider deal with ANC
Yahoo News - World -
Bertelsmann would consider deal to expand music business BMG, says chief
Europe’s largest media group open to ‘joining forces’ after previous expansion attempts were scuppered by regulatorsFinancial Times - Business -
Amazon writes its largest venture cheque yet for AI start-up Anthropic
$2.75bn deal is the latest sign of Big Tech’s race to capitalise on the booming sectorFinancial Times - Business - Amazon -
33 Best Deals From the Amazon Big Spring Sale (2024)
Amazon’s five-day sale is the perfect chance to start fresh with new tech, including headphones, video doorbells, and chargers.Wired - Tech -
EV maker Lucid rallies after $1 billion investment by majority stockholder as it burns cash
Affiliate of Saudi sovereign wealth fund will buy $1 billion of a new series of convertible preferred stock via private placement.MarketWatch - Business -
Amazon Invests $2.75 Billion More in AI Startup Anthropic
The tech giant’s total stake has grown to $4 billion, its largest investment in another company.The Wall Street Journal - Tech - Amazon -
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.MarketWatch - Business -
Coinbase’s stock falls after request to dismiss the SEC’s suit was denied
Coinbase’s stock fell Wednesday, after the cryptocurrency exchange said its request to dismiss the U.S. Securities and Exchange Commission’s lawsuit was denied by federal court.MarketWatch - Business -
AMC shares fall 13% as movie theater chain announces stock sale
Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”MarketWatch - Business