Technology
Nikola shares sink after its $100 million stock offering priced at 20% below market
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s closing price of $1.40. Shares fell more than 15% on Friday morning, hitting a new 52-week low. […]
Read More
Sign President Meredith Whittaker uncovered what not to do from doing the job at Google
Meredith Whittaker, a former Google Supervisor who is now president at Signal.(Florian Hetz for The Washington Post through Getty Pictures) Florian Hetzt | The Washington Publish | Getty Images Meredith Whittaker took a leading role at the Sign Basis very last calendar year, relocating into the nonprofit earth just after a vocation in academia, authorities […]
Read More
Xpeng expands assisted driving tech protection to Shanghai, some thing Tesla does not provide in China
Xpeng showroom in Beijing displaying the P7 electric sedan. Vcg | Visual China Group | Getty Visuals SHANGHAI — Chinese electric car or truck firm Xpeng announced Friday it will be rolling out its newest assisted driving software package to users in the metropolis of Shanghai, anything its U.S. rival Tesla does not provide in […]
Read More
Japan to restrict chipmaking equipment exports as it aligns with U.S.
Staff go semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Japan’s governing administration on Friday reported it strategies to restrict exports of 23 forms of semiconductor production products, aligning its know-how trade controls with a U.S. force to […]
Read More
Netflix and far more: Analyst picks 4 shares to trip out the volatility
Marketplaces have had a risky thirty day period, with stocks swinging among gains and losses in reaction to the banking crisis and still one more price hike from the U.S. Federal Reserve . “Almost everything looks to be falling less than the bodyweight of the desire fees, but the Fed is not stopping,” reported Shelby […]
Read More
Virgin Orbit fails to secure funding, will cease operations and lay off 90% of workforce
The company’s 747 jet “Cosmic Girl” releases a LauncherOne rocket in mid-air for the first time during a drop test in July 2019. Greg Robinson / Virgin Orbit Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting on Thursday […]
Read More
Nikola announces a $100 million stock offering
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters Electric heavy-truck maker Nikola said on Thursday that it plans to raise $100 million via a secondary stock offering to […]
Read More
Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. Ford Motor said that it has resumed full production of its electric F-150 Lightning pickup following a February battery fire – and that it’s once again raising prices on the popular truck. Ford said that the standard-range […]
Read More
Nvidia’s stock has climbed as Wall Street bets on A.I. Why buyers say its promise is worthy of the premium
Wall Street in recent months are unable to seem to end raving about Nvidia as the investing neighborhood makes an attempt to capitalize on the escalating AI craze using the tech sector by storm. That praise has translated to a breathtaking performance for the shares — up just about 86% this 12 months and on […]
Read More
EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that beat Wall Street expectations and posted a narrower-than-expected loss as […]
Read More