Breaking News: Business
Nikola stock jumps as EV truck maker reports start to production and surprise Q1 revenue
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks. The company is also working with clients including Anheuser-Busch Inbev to complete a longer-range […]
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Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a Twitter thread, arguing that passive investments […]
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New York City could bring back Covid mask mandate, vaccine checks if hospitals come under pressure
Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, […]
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Bath & Body Works CEO Andrew Meslow to step down due to health reasons
Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing. Meslow will also be leaving his position as a member of Bath & […]
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Dead priest’s niece sues Catholic University, auction house to block sale of Judy Garland ‘Wizard of Oz’ dress
A lobby card from the film ‘The Wizard Of Oz,’ shows a film still of a scene in which American actress Judy Garland (1922 – 1969) (as Dorothy) wipes tears from the eyes of actor Bert Lahr (1895 – 1967) (as the Cowardly Lion), while watched by Jack Haley (1898 – 1979) (as the Tin […]
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Ford reports smaller sales decline in April while chip shortage weighs on supply
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on Wednesday reported a 10.5% decline in April sales compared to a year ago, notably narrowing its losses compared to recent months. […]
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Yum Brands earnings miss estimates as China weighs on KFC, Pizza Hut sales
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as lockdowns in China weighed on sales. Here’s what the company […]
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Moderna blows out first-quarter earnings expectations, triples Covid vaccine sales
The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. The biotech company’s shares soared by more than 8% in premarket […]
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CVS raises forecast for year, as first-quarter earnings top expectations
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it saw demand for at-home Covid tests, prescriptions and more. The health-care company said it now […]
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Dave Chappelle attacked on stage by an audience member in Los Angeles, police say
Chappelle was not injured as a result of the attack, LAPD said. Kevin Mazur | Getty Images Entertainment | Getty Images U.S. stand-up comedian Dave Chappelle was attacked by an audience member during a live performance at the Hollywood Bowl in Los Angeles, according to the Los Angeles Police Department. A male suspect on Tuesday […]
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