EV Truck Maker Nikola Weighs a Sale as Cash Crunch Hits Hard

The fuel-cell electric truck maker continues to struggle as its cash reserves dwindle.

Inc. - 1d

Aday Mara doesn't miss in crunch time as resurgent UCLA defeats Washington

Aday Mara scores 12 points and Dylan Andrews hits a clutch three-pointer in the final seconds to help lift UCLA to a 65-60 victory over Washington.

Yahoo Sports - 1d

Yahoo Sports AM: Have a night, Nikola

In today's edition: Jokić matches Wilt, Djokovic retires due to injury, 4th down conversions, Mamba forever, and more.

Yahoo Sports - 1d

WATCH: Nuggets star Nikola Jokic hits incredible 66-foot buzzer-beater en route to historic triple-double

Jokic became the first player to register at least 35 points, 20 rebounds and 15 assists in a game since Wilt Chamberlain

CBS Sports - 2d

Shares of cash-strapped Nikola nosedive on report of potential sale

Nikola warned investors on its third-quarter conference call that the company only had enough cash to support its business into the first quarter of 2025.

CNBC - 2d

GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025

DETROIT — General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this ...

NBC News - 2d

GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025

General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq.

CNBC - 2d

Japan’s biggest banks hit valuation landmark as BoJ weighs rate rise

Largest lenders now trade at or close to their book values for first time in almost a decade

Financial Times - 2d

EU plans subsidy for EV car sales to counter China

Teresa Ribera says European Commission weighing up measure demanded by Germany

Financial Times - 3d

How to Send Cash

Need to send some money without getting scammed or robbed? Follow this advice.

Wired - 3d

Barry Callebaut Stock Melts as High Cocoa Prices Weigh on Sales Volume

The chocolate company’s shares fell after it missed sales volume expectations and cut its guidance for fiscal 2025 as soaring cocoa bean prices drag demand.

The Wall Street Journal - 3d

Balatro Hits Big Sales Milestone After Being Showered With Awards

Developer Localthunk has revealed that Balatro has recently passed the 5 million sales milestone across all platforms.. "The last few weeks have been pretty wild. To everyone who picked up Balatro ...

GameSpot - 4d

A New Women’s Basketball League Is an Instant Hit. Now Comes the Hard Part.

Unrivaled filled its rosters with W.N.B.A. All-Stars and found deep-pocketed investors. Up next: a bigger audience.

The New York Times - 4d

Trump pulls the plug on battery-makers’ EV dream

The speed at which policy direction has been outlined is enough to have a chilling effect on the market

Financial Times - 4d

Trump, the Deal Maker in Chief, Is Back

The business world is expecting big changes — and potential disruptions — as Donald Trump returns to the White House.

The New York Times - 5d

Champagne makers say sales losing fizz amid global gloom and changing habits

Shipments fell nearly 10% last year with French firms blaming economic and political anxiety, and cheaper drinks. Changing habits and the gloomy state of the world are taking the fizz out of French ...

The Guardian - 6d

Biden finalizes major loan to EV-maker Rivian days before Trump’s inauguration

The Biden administration has finalized a massive loan to electric vehicle (EV) maker Rivian just days before President-elect Trump takes office. The $6.57 billion loan will finance an electric ...

The Hill - Jan. 16

EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming ...

NBC News - Jan. 16

Private equity firm Providence weighs £1bn sale in latest events transaction

Company in early-stage deliberations over sale of CloserStill amid surging demand for conferences

Financial Times - Jan. 15

Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline

Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of ...

MarketWatch - Jan. 14

Norway on track to be first country to hit 100% electric vehicle sales

Nine in 10 new cars in the country are now battery-powered, and it aims to hit 100% later this year.

BBC News - Jan. 13

The Best Automated Espresso, Latte, and Cappuccino Makers (2025)

Tired of plain drinks and pour-overs? Turn your kitchen into a café with these barista-worthy machines.

Wired - Jan. 12

World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales

The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.

MarketWatch - Jan. 10

Here’s Why Tesla Is Losing to Chinese EV Maker BYD

My latest five-whys analysis looks at Tesla’s sales slump.

Inc. - Jan. 9

VW strains to hit EU emission targets as EV deliveries tumble

Europe’s largest carmaker hurt by greater competition from rivals in China

Financial Times - Jan. 9

Australian casino group Star faces cash crunch as shares tumble 28%

Money laundering penalties and cost of living crisis take toll on gambling operations

Financial Times - Jan. 9

Bitcoin Is Luring More Companies and Their Cash

It is a sharp pivot away from the cautious approach of the traditional corporate treasury, normally charged with safeguarding cash rather than chasing higher returns.

The New York Times - Jan. 8

'Music is back' as vinyl and streaming help sales hit a 20-year high

Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.

BBC News - Jan. 8

Pentagon blacklisting of China’s EV battery maker puts US banks in bind

Involvement in Hong Kong secondary listing of CATL raises reputational risks for Wall Street groups

Financial Times - Jan. 8

Pentagon blacklists Tencent, largest Chinese EV battery maker

The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the Pentagon and defense industry due to their alleged ties with China's ...

The Hill - Jan. 7

While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

Huawei spinoff Honor announced Tuesday it is entering Indonesia and plans to launch its smartphones there by the end of March.

CNBC - Jan. 7

Investment banks prepare for crunch year in 2025

Boutiques counting on M&A rebound to support elevated valuations and star hires

Financial Times - Jan. 6

Nikola Jokic Channeled Larry Bird. Now He’s Even More Dominant.

An off-season evolution has the N.B.A.’s three-time most valuable player at perhaps his highest level ever.

The New York Times - Jan. 5

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

Electric vehicle sales are growing globally overall, despite Tesla's recent slump.

Wired - Jan. 4

U.S. Car Sales Hit a Five-Year High in 2024

Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.

Inc. - Jan. 3

Chinese EV makers BYD, Nio, Li and XPeng end 2024 on a sales high

Chinese electric-vehicle makers enjoyed strong sales in December 2024 as the country’s EV price war continued.

MarketWatch - Jan. 2

Why it’s hard to be a friend of America

Nippon Steel’s bid for US Steel shows the flaws in the ‘friendshoring’ approach

Financial Times - Jan. 2

BYD, Chinese EV Peers Post Record Sales for December

Chinese electric-vehicle makers have benefited from a government trade-in program in the world’s largest market for EVs.

The Wall Street Journal - Jan. 1

Cops shot, possible explosive devices found after truck hits crowd in New Orleans, officials say

At least 10 people are dead and dozens more are injured after a truck plowed into a crowd on New Orleans' Bourbon Street early on New Year's Day. CBS News' Michael George and Kati Weis have more.

CBS News - Jan. 1

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