Advertisement
Lucid Earnings Miss But Luxury EV Startup Affirms Key Goal After Joining Price War
- Investopedia
European Commission Opens Investigation into Adobe’s Figma Acquisition
Lawmakers said they were concerned over the $20 billion Adobe-Figma merger’s effect on the market for the supply of interactive product design and digital asset creation tools.
1h ago
- Barrons.com
Tesla’s CFO Is Stepping Down. The Stock Is Falling.
Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.
4h ago
- AP Finance
Beyond Meat revenue plummets in the second quarter due to flagging US demand
Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts. International food service demand was flat compared to the same period last year, but retail sales were down nearly 16%.
34m ago
- Bloomberg
Lucid Pledges to Reach 10,000-EV Target This Year; Shares Rise
(Bloomberg) — Lucid Group Inc. assured investors its on track to achieve full-year production targets after the maker of luxury electric sedans posted worse-than-expected quarterly results.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US A
48m ago
- The Wall Street Journal
Paramount Stock Jumps After $1.62B Deal to Sell Simon & Schuster
Paramount Global added roughly 4% after the market closed Monday, building on its 2.9% gain during daily trading after the company said it [agreed to sell publisher Simon & Schuster](https://www.wsj.com/articles/paramount-para-q2-earnings-report-2023-b4308cc6) to KKR for $1.
31m ago
- American City Business Journals
Chevron exec explains vision for merged business as $7.6 billion deal for Colorado’s PDC Energy closes
Two of Colorado’s biggest oil operations combine. The executive running the merged business explains why it works and lays out her timetable for integration.
7h ago
- Investor’s Business Daily
Tesla Stock Breaks Key Support As CFO Zachary Kirkhorn Steps Down
Tesla stock fell below key support Monday on news Chief Financial Officer Zachary Kirkhorn is stepping down. The EV giant announced in federal filings that Vaibhav Taneja took over from Kirkhorn on Aug. 4. Taneja will now serve as CFO as well as his current role of chief accounting officer.
1h ago
- FreightWaves
1st peek at Pilot’s finances after Berkshire Hathaway ownership grows
The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot. The post 1st peek at Pilot’s finances after Berkshire Hathaway ownership grows appeared first on FreightWaves.
2h ago
- Barrons.com
Nikola Stock Is Soaring Again After a Busy Week of News
Nikola stock has been all over the place. The trend, despite all the volatility, is up. Shares have been boosted by demand for the company’s hydrogen fuel cell-powered trucks.
8h ago
- Barrons.com
Apple Stock Deserves the Big Selloff. The iPhone 15 Needs to Come to the Rescue.
The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow’s worst performer on Monday.
Advertisement34m ago
- Reuters
Palantir raises annual revenue forecast on ‘unprecedented demand’ for AI platform
Palantir Technologies raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion as the data analytics software maker enjoys “unprecedented demand” for its artificial intelligence platform. In a letter to shareholders, CEO Alexander Karp said the platform has users across over 100 organizations, including from automotive and healthcare industries, and that Palantir was in talks with more than 300 additional companies. Investors expect Palantir to have an edge over others in working with large language models in heavily regulated industries such as defense due to its work with U.S. government bodies including the Central Intelligence Agency.
54m ago
- Yahoo Finance
July’s slowdown in residential construction hiring is a ‘one-off,’ expert says
Jobs in residential construction declined in July, falling by 5,500 jobs, or 5.5%, from the month before.
2h ago
- Barrons.com
BioNTech Stock Was a Covid Darling. Now It’s Paying the Price.
Sales drop by more than expected in the second quarter, but BioNTech says its new ‘variant-adapted Covid-19 vaccine’ is still on track.
40m ago
- Barrons.com
Palantir Boosts Guidance, Sets $1 Billion Stock Buyback Plan
The repurchase program is the data-analytics software company’s first since the stock began trading in 2020.
50m ago
- Investor’s Business Daily
Palantir Outlook Edges By Views Amid $1 Billion Buyback For PLTR Stock
Palantir wavered as its outlook only edged by views amid high expectations for artificial intelligence growth. Second-quarter results met views.
10m ago
- Investor’s Business Daily
One ‘Magnificent 7’ Stock Is Still Undervalued, Morningstar Says
Seven magnificent stocks drove most of the S&P 500’s gains this year. But only one of them is still undervalued, says Morningstar.
9h ago
- Bloomberg
Biotech Firm Vistagen Surges 1,370% on Social Anxiety Spray Trial Success
(Bloomberg) — A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., notched its best day ever, surging by as many as four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expandin
59m ago
-
Tesla’s ‘Master of Coin’ unexpectedly leaves with £130m fortune
Tesla’s 39-year-old chief financial officer has left the company with a $170m (£130m) fortune after just four years in the post.
4h ago
The Wall Street Journal
