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Category Archives: Uncategorized

Fisker’s loss narrows as EV deliveries begin despite supplier snags

The company and its manufacturing partner struggled to get the electric Ocean SUV into full production during the period amid supplier issues.

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Nikola wins shareholder approval to issue new stock, paving the way for significant fundraise

The vote paves the way for Nikola to raise funds to support its fuel-cell-powered electric Tre semitruck and the buildout of a hydrogen refueling network.

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Hasbro sells off costly production studio, taking a page from Mattel’s playbook

Utilizing third-party studios and distributors to create TV and film content minimizes financial risk for Hasbro, as it did Mattel.

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Secondhand luxury watch prices slump to near two-year low after a pandemic run

Experts had warned that a bubble could burst along with cryptocurrency and other trendy pandemic booms. But the recent declines appear to mark a stabilization.

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Bud Light owner AB InBev beats forecasts in quarter dominated by boycott

Core profit rose 5% year on year, smashing expectations despite a boycott that led to a sharp fall in sales of its bestselling Bud Light […]

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Warner Bros. Discovery loses subscribers after Max launch, but shares rise on debt paydown

Warner Bros. Discovery reported second-quarter results that fell below Wall Street expectations and revealed decreasing subscriber totals.

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Moderna shares rise on better Covid vaccine outlook despite sharp drop in sales

Moderna and its rivals Pfizer and Novavax have all seen a steep drop in sales of Covid vaccines and treatments as the world moves on […]

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Americans are going abroad in droves — at the expense of domestic travel

The shift overseas is driving up international airfares and room rates, while domestic growth lags.

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JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade ‘ridiculous’ but says it ‘doesn’t really matter’

In the wide-ranging interview, Dimon touched on topics including geopolitics, bank regulation, artificial intelligence and the direction of the economy.

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EVgo revenue beats analyst expectations as private-label charging business booms

EVgo’s second-quarter results beat Wall Street estimates, as revenue from deals to provide chargers to other businesses surged.

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