Nikola Stock Plummets As Former CEO Faces Trial Over Fraud
Nikola Corporation (NASDAQ:NKLA) Nikola’s stock fell after it was revealed that Mr. Milton had made misleading statements regarding Nikola’s technology. According to the business, 500 Nikola battery-powered big vehicles might be delivered this year. On ... [Read]
Eye on Lithium: Ford Lays off Workers to Focus On Us$50BN EV Plans
Ford (NYSE:F), the second largest carmaker in the United States and the fifth largest in the world, has lost 3,000 positions to fund its US$50 billion electric vehicle plans. According to a spokesperson for Ford, ... [Read]
US Tax Credit Could Rev Up Electric Vehicle Production In Canada
Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric vehicles (EVs) that originally excluded EVs assembled in Canada from a ... [Read]
Cereal King Kellogg to Split Into 3 Companies
The American breakfast champion will soon split. Kellogg announced on Tuesday that it would split its activities into three separate companies, with a unique stock market listing for each of them. A Split to Improve ... [Read]
Take-Two Interactive Beats on Earnings, Reports Drop in Demand
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reported its fourth-quarter results on Monday after the closing bell. Profit was lower than a year ago but beat analysts’ estimates. The publisher of “Grand Theft Auto” reported a drop ... [Read]
Cineplex Reports Lower Q1 Loss and Higher Revenue, Shares Jump
Cineplex Inc. (TSX:CGX) reported its first-quarter 2022 results on Friday. Results were boosted by higher attendance and the release of anticipated movies. Strong Results Across All Business Lines The movie theater chain posted a first-quarter ... [Read]
Coca-Cola Sales Jump 16% in First Quarter Thanks to Higher Prices
Coca-Cola (NYSE:KO) saw its sales increase in the quarter that ended April 1 thanks to the increase in the price of its products and sustained demand from consumers. Sales and Profit Beat Estimates The US ... [Read]
Why Costco and Dollar Tree Are 2 Top Retail Stocks to Buy Now
Costco Wholesale Corporation (NASDAQ:COST) and Dollar Tree Inc. (NASDAQ: DLTR) are two stocks in the retail sector that are recession-resistant and are a good inclusion in any portfolio. Let’s have a look at those two ... [Read]
Why AMC’s 1000% returns make it more than a meme stock
Investors remember what happened in 2008 all too well. When key players decided to short the housing market, the whole world of finance laughed at them. Well, no one is laughing anymore. If that crash ... [Read]
GoodGamer Launches India’s First Daily Fantasy Sports and Esports Gaming App; Signs Deal With Disney+ Hotstar and Two International Bowlers
Fantasy gaming and Esports technology company Good Gamer Corp. announced the official launch of the GoodGamer Fantasy Gaming App, India’s first daily fantasy sports and Esports gaming platform. The GoodGamer Fantasy app is a skills-based ... [Read]