Category: Business

Nikola Corp NKLA.O Chief Financial Officer Kim Brady said on Tuesday the electric-truck maker has the backing of all of its automotive partners even after the departure of founder and Chairman Trevor Milton. Shares of the company were up nearly 2.4%, having lost about 19% in market value on Monday as Milton resigned following claims […]

Muddy Waters Research founder Carson Block on Wednesday will launch Zer0es TV, an internet video channel dedicated to informing investors about the mechanics and processes of short-selling. A promotional video for the new channel, which will be free, said short-selling needs to be explained in detail so that investors can understand the issues and make […]

NEW YORK – Oil prices settled slightly higher on Tuesday ahead of weekly U.S. inventory figures, rebounding modestly from the previous day’s selloff that was driven by a surge in overseas coronavirus infections. Analysts said renewed lockdown restrictions in Europe will have only a limited impact on fuel demand, which could prevent a pronounced selloff […]

LOS ANGELES – Walt Disney Co DIS.N urged California officials on Tuesday to let the company reopen the Disneyland theme park, which remains shuttered six months after closing down to help curb the spread of coronavirus. With approval from local authorities, Disney has reopened its parks in Shanghai, Paris and Florida with limited attendance, face […]

Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they possibly create 25,000 new jobs in the United States? That vow, repeated by the president […]

Premier Inn owner Whitbread WTB.L plans to cut up to 6,000 jobs at its hotels and restaurants as the COVID-19 pandemic ravages the travel and hospitality industries and the British government winds down a job support scheme. The company said on Tuesday it had begun formal consultations on the cuts, which equate to 18% of […]

WASHINGTON – Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing BA.N 737 MAX’s return to service and disclose any internal objections raised by FAA employees. The FAA has proposed requiring a series of software upgrades and other […]