Nikola, Electric Truck Maker, Files for Bankruptcy
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
Read more at The New York Times
-
Troubled electric vehicle maker Nikola files for bankruptcy protection
Troubled electric vehicle maker Nikola is filing for for Chapter 11 bankruptcy protectionABC News - 6d -
Chinese Hospital Bankruptcies Soar Amid Financial Strains
Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.The New York Times - 5d -
Whatever happened to the great truck driver shortage?
The underlying problems behind the crisis have not yet been resolvedFinancial Times - 12h -
Yahoo Sports AM: Is Nikola Jokić having the best season ever?
In today's edition: Nikola Jokić's season for the ages, golf's pace of play issue, how the next 18 months could reshape soccer in the U.S., the 4 Nations championship, and more.Yahoo Sports - 5d -
Debt forgiveness vs. Chapter 11 bankruptcy: How to choose the best option
Knowing the difference between these options could be key to successfully getting rid of your debt.CBS News - 3d -
The High-Profile Failures of Nikola and Humane Highlight a Danger for Startups
Both Nikola and Humane faced the unique set of challenges that come with being first to market.Inc. - 2d -
How private equity played a role in Red Lobster and TGI Fridays bankruptcies
In 2024, 21 restaurant and bar chains filed for bankruptcy. Ten of those had been backed by private equity, according to PitchBook.CNBC - 4h -
Greenpeace Goes to Court in $300 Million Suit That Poses Bankruptcy Risk
In a closely watched case, the owner of the Dakota Access Pipeline is claiming the environmental group masterminded protests that hurt the company’s business.The New York Times - 2h -
ADAC test shows winter weather can slash electric car range
Yahoo News - 4d -
BMW delays £600m electric Mini factory upgrade in UK over 'uncertainty'
The vehicle manufacturer says "multiple uncertainties" in the industry led to its decision.BBC News - 2d -
Europe must cut electricity taxes, warn Iberdrola and EDP bosses
Energy company chiefs say EU must ‘urgently’ remove various taxes and simplify billsFinancial Times - 12h -
12 university students killed when their bus and a truck collide in Brazil
Yahoo News - 4d -
12 university students killed when their bus and a truck collide in Brazil
A bus carrying university students and a truck collided on a highway in southeastern Brazil, killing 12 passengers and injuring 21 othersABC News - 4d -
12 college students killed when bus and truck collide in Brazil
Local television stations broadcast images from the crash scene showing the bus, its left side completely destroyed in the collision.CBS News - 3d -
Kyle Busch wins Truck Series thriller in Atlanta photo finish
HAMPTON, Ga. — With seven previous Atlanta Motor Speedway trophies in the NASCAR Craftsman Truck Series already on his mantel, Kyle Busch was the odds-on favorite for Saturday‘s Fr8 Racing 208. The ...Yahoo Sports - 3d -
Atlanta Truck results: Kyle Busch nips Stewart Friesen at finish line
Kyle Busch scores his 67th career Truck win, beating Stewart Friesen by .017 seconds.Yahoo Sports - 2d -
My truck plunged into a ravine – and for six days I was trapped, alone and afraid
Pinned inside his vehicle, Matthew Reum waited for help to come. But no one knew he had gone missing …. Matthew Reum was driving home late on a dark, foggy night in Indiana when his headlights ...The Guardian - 7h -
HP to Buy Humane, Maker of the Ai Pin, for $116 Million
Humane, which marketed its Ai Pin as the next big thing after smartphones, had raised $240 million from investors, including OpenAI’s Sam Altman. The pin will be discontinued.The New York Times - 6d -
With RFK Jr. in charge, supplement makers see chance to cash in
The FDA is already limited in policing claims of health benefits by makers of supplements and herbal remedies — a $70 billion industry. Get ready for even less regulation.CBS News - 4d -
Scotch makers condemn English single malt whisky proposal
Scottish distilleries and MPs claim England's methods would damage the reputation of single malt.BBC News - 4d -
China's EV maker XPeng eyes doubling global presence by year's end
Yahoo News - 3d -
Assassin's Creed maker confirms leaked game footage is real
French developer Ubisoft urges fans to avoid sharing spoilers as video of its latest game appears online.BBC News - 6h -
IRS layoffs underway around the country as millions prepare to file taxes
The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.ABC News - 4d -
Migrants held at Guantanamo now allowed to phone attorneys, filing says
Migrants being held at the Guantanamo Bay prison camp are now being permitted to speak to their attorneys by phone, an ICE official said in a court filing.ABC News - 4d -
What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?
The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.Inc. - 4d -
I.R.S. Fires 6,700 Employees Amid Tax Filing Season
The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.The New York Times - 4d -
Don't wait to file your taxes this season, experts say. Here's why
Nearly one-third of Americans procrastinate filing their taxes. But here's why you shouldn't wait this season, experts say.CNBC - 3d -
Iowa pollster facing Trump lawsuit files motion to dismiss
Veteran Iowa pollster J. Ann Selzer is seeking to dismiss President's Trump's lawsuit against her, the Des Moines Register and its parent company Gannett after a November survey incorrectly ...The Hill - 3d -
Diddy's lawyers challenge search warrants, aim to suppress evidence in new filing
The motion seeks to suppress all evidence obtained through these federal searches or grant a hearing to examine the government's conduct in obtaining the warrants.ABC News - 1d -
Antivirus software company ordered to pay customer $16.5M: How to file a claim
Millions of American consumers who bought antivirus software from Avast may be eligible to receive a portion of a $16.5 million settlement, the Federal Trade Commission (FTC) announced Monday.The Hill - 17h -
NBA DFS: DraftKings, FanDuel daily Fantasy basketball picks for Monday, Feb. 24 include Nikola Jokic
SportsLine's Mike McClure, a daily Fantasy pro with more than $2 million in winnings, gives optimal NBA DFS lineup advice for Monday, Feb. 24CBS Sports - 22h -
WATCH: Mike Eruzione wears Johnny Gaudreau jersey in electric USA vs. Canada pregame atmosphere
The American fans returned the favor after "The Star-Spangled Banner" was booed in MontrealCBS Sports - 4d -
Beatings, torture and electric shocks: freed scam compound workers allege horrific abuse
Lured by the promise of well-paying jobs in Southeast Asia, thousands instead allegedly end up enslaved in jail-like compounds and forced to carry out online scams. “The Chinese would shock me with ...The Guardian - 13h -
Report: Dodge looking to rejoin NASCAR Truck Series in 2026 ahead of 2027 Cup Series move
The manufacturer last fielded Cup Series teams in 2012.Yahoo Sports - 2d -
Google Ad-Tech Users Can Target National Security ‘Decision Makers’ and People With Chronic Diseases
Google enables marketers to target people with serious illnesses and crushing debt—against its policies—as well as the makers of classified defense technology, a WIRED investigation has found.Wired - 5d -
Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker
Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday.CNBC - 3d -
Ranking NBA's top 25 players this season (so far): Nikola Jokić over SGA at No. 1, three Knicks crack list
As the league restarts after the All-Star break, let's appreciate the best players in the NBA to this pointCBS Sports - 4d -
Here's how IRS layoffs could impact your tax filing and refund this season
Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.CNBC - 4d -
Trump’s IRS layoffs have some Americans asking: ‘Why bother’ filing taxes this year?
Accountants say some clients are wondering if they should blow off their taxes amid IRS cutbacks.MarketWatch - 3d
More from The New York Times
-
Why American Businesses Aren’t Raring to Get Back Into Russia
The White House promised “incredible opportunities” if Moscow ended the war in Ukraine. But Russia’s economy is struggling and the business environment is unpredictable.The New York Times - 1d -
Joann, 80-Year-Old Crafts and Fabrics Retailer, Will Close All Stores
The announcement that the chain would close all 800 of its stores in 49 states comes after a period of financial turmoil.The New York Times - 17h -
Trump and Paramount Seek Mediator for CBS News Lawsuit
The move is another indicator that the two sides are exploring ways to resolve the case, over the editing of a “60 Minutes” interview, out of court.The New York Times - 15h -
Is Bird Flu the Only Reason Egg Prices Are Soaring?
The nation’s biggest egg producer has seen rising revenues and profits. Now some Democrats are calling for an investigation into pricing practices in the industry.The New York Times - 23m -
‘Heavyweight,’ an Acclaimed Narrative Podcast, Returns
Pushkin Industries, the podcast company that will release the show, is betting that documentary-style audio programs can still win an audience.The New York Times - 2h
More in Business
-
I’ve studied the science of happiness for 10 years—7 traps people always fall into and how to avoid them
"I've spent a lot of my life getting in my own way," says Stephanie Harrison, author of "New Happy." Here are her science-backed solutions to common pitfalls.CNBC - 9m -
Here are all the Trump tariffs hitting the economy in the coming weeks
The president’s announcement led to fears that he won’t just be using the threat of new tariffs as a negotiating tool, but as lasting policy.MarketWatch - 17m -
Is Bird Flu the Only Reason Egg Prices Are Soaring?
The nation’s biggest egg producer has seen rising revenues and profits. Now some Democrats are calling for an investigation into pricing practices in the industry.The New York Times - 23m -
Amid risks to Education Dept., borrowers should 'immediately' take key actions, consumer advocates say
Amid the threats to the Education Dept. and reports that Musk's DOGE had gained access to student loan borrower data, consumer advocates are issuing warnings.CNBC - 26m -
Trump’s ‘DJT’ stock falls for seventh straight trading session
Trump Media & Technology Group Corp.’s stock fell for its seventh trading session in a row, as worries about inflation and consumer strength continued to weigh on the broad market.MarketWatch - 32m