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.
Continue readingHasbro 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.
Continue readingSecondhand 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.
Continue readingBud 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 […]
Continue readingWarner 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.
Continue readingModerna 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 […]
Continue readingAmericans 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.
Continue readingJPMorgan 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.
Continue readingEVgo 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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