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Ideanomics Statement Regarding Short-Selling Activities These companies undertake activities of this nature with the goal of manufacturing a drop in share price for their financial benefit. - Accordingly, their communications do not accurately reflect the operations of Ideanomics. Ideanomics (PRNewsfoto/Ideanomics) ...
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Oil Prices Fall as Rising Covid-19 Cases Prompt Demand Concerns Oil prices edged lower Friday, on pace for the second weekly decline since April, as investors adjusted expectations to account for rising crude inventories and surging U.S. coronavirus cases. U.S. crude futures for delivery in August dropped 2% to $37.93 a ...
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Albertsons Goes Public as Coronavirus Pandemic Upends Grocery Business Supermarket chain Albertsons Companies Inc. started trading publicly after years of unsuccessful attempts, buoyed by strong demand for groceries as consumers cook more at home during the coronavirus pandemic. The initial public offering of the nation's ...
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UK fintech firms forced to suspend services after Wirecard collapse LONDON/NEW YORK (Reuters) - Customers of several British digital finance companies were unable to make payments or access their money on Friday after the collapse of German payments firm Wirecard caused disruption across borders. FILE PHOTO: ...
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Inovio's stock claws back toward 20-year high, even as longtime bull says it's 'less palatable' after recent rally Shares reverse early loss of more than 20% to put them on track for a 5th-straight gain in which prices have more than doubled. Getty Images. Email icon; Facebook icon; Twitter icon; Linkedin icon; Flipboard icon. Print icon; Resize icon ...
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Daily Crunch: Amazon buys self-driving startup Zoox Amazon makes an autonomous driving acquisition, Microsoft closes its retail stores and health insurance startup Oscar raises $225 million. Here's your Daily Crunch for June 26, 2020. 1. Amazon to acquire autonomous driving startup Zoox. According to ...
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Americans' paychecks are getting smaller, but their spending is soaring. Huh? New York (CNN Business) Consumer spending bounced back sharply in America last month. That's the good news. But paychecks got smaller at the same time, complicating hopes for a quick economic rebound. Personal consumption expenditures -- i.e. ...
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American Airlines will book flights to full capacity DALLAS — American Airlines will start booking flights to full capacity next week, ending any effort to promote social distancing on its planes while the United States sets records for new reported cases of the coronavirus. Support our journalism. Subscribe ...
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Shop one-day deals on Vera Bradley, Saucony, and Fossil at Amazon's Big Style Sale Find all of CNN Underscored's coverage of Amazon's Big Style Sale here. Amazon's Big Style Sale daily deals have been going strong all week, with deals on activewear, shoes and the company's own in-house labels — and they're still going strong.
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Banks Lead Stocks Lower After the Fed Caps Their Dividends Financial companies led an early slide for stocks on Wall Street Friday after the Federal Reserve ordered many of the nation's biggest banks to suspend buybacks of their stock and cap dividend payments for several months. The S&P 500 was down 1.6%, ...
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Nike CEO John Donahoe tells employees that layoffs are coming On the same day that Nike announced dismal earnings, CEO John Donahoe sent an email to employees warning them that layoffs are coming. "We will soon be forced to make some difficult choices that will likely result in a net reduction of jobs," the email, ...
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Restaurant spending could predict spread of coronavirus, economist says Money spent inside restaurants and supermarkets could offer insight into how fast or slow the coronavirus pandemic may spread. According to a note from Jesse Edgerton, an economist with JPMorgan Chase, the level of spending in restaurants three weeks ...
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Would Wells Fargo Stay Above the CET1 Minimum in Stress Test Scenario? Yes, it would: The giant bank revealed Thursday that it had passed its recently conducted stress test. Dave Kovaleski. (TMFdkovaleski). Jun 26, 2020 at 12:14PM. Based on the results of its annual stress test, Wells Fargo (NYSE:WFC) would remain well above ...
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US and States' Google Antitrust Probe Nears Finish Line WASHINGTON — The U.S. Justice Department is seeking the final documents to complete an antitrust investigation of Alphabet Inc's Google, said three sources familiar with the probe, which is expected to end with a lawsuit this summer. State attorneys ...
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Why Bayer settled Roundup and dicamba litigation To do so, it's costing Bayer between $11 to $12 billion to settle the dicamba and Roundup lawsuits that accompanied its 2018 $63 billion acquisition of Monsanto. This amount also includes a settlement for PCB water litigation. The settlement contains no ...
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Fiat Chrysler chairman echoes PSA support for merger of the carmakers MILAN (Reuters) - A merger between Fiat Chrysler FCA.MI and Peugeot maker PSA (PEUP.PA) to create the world's fourth largest carmaker is the best way for the two companies to weather the coronavirus crisis, the Italian-American group's chairman said on ...
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Luckin Coffee will unluckin'ly delist from Nasdaq following fraud allegations It was one of the fastest growing startups in modern history and one of the most anticipated IPOs of 2019. But now, following the company's disclosure of a potential fraud of hundreds of millions of dollars, Luckin's journey is starting to meet its end.
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H&M speeds up store closings in 2020 and shifts focus to online shopping H&M announced Friday that it is closing 170 stores in 2020, 40 more than it had originally planned after reporting a 50% drop in net sales during the second quarter of 2020. It also said it would be cutting back on store openings this year, resulting in a net ...
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Can Six Flags Handle a Recession? Large crowds, long lines, and high-touch surfaces make an amusement park the perfect incubator for a contagious disease like COVID-19. Nevertheless, Six Flags Entertainment (NYSE:SIX) is reopening its parks to members and season pass holders this ...
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Cannae Holdings, Senator Investment Group Propose to Acquire CoreLogic Cannae Holdings Inc. and Senator Investment Group LP are proposing to buy CoreLogic Inc. in a deal that would value the financial services intelligence company at $5.16 billion. The unsolicited bid, at $65 a share in cash, represents a 37% premium over ...
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Costco discontinues half-sheet cakes, an apparent casualty of COVID-19 It had been a long quarantine for Megan Engles and her family, and they desperately needed a reason to celebrate. So when their dog Linus' birthday arrived, Engles, who lives in Kansas City, Missouri, did what she would do for any other special occasion: ...
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Why Virgin Galactic Stock Popped More Than 5% This Morning Shares of space tourism start-up Virgin Galactic Holdings (NYSE:SPCE) lifted off early Friday, rising as much as 5.6% before gravity reasserted its hold upon the stock. As of 12:07 p.m. EDT today, Virgin Galactic shares' gain had been cut to 1.4%. VSS Unity ...
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East Bay drug maker wins big FDA approval to treat kids with severe seizures After errors and delays, Zogenix Inc. and kids suffering from dozens of severe seizures a day will have a new drug available next month. The Emeryville company (NASDAQ: ZGNX) received word Thursday that its liquid drug, called Fintepla, was approved by ...
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Altria vs. Philip Morris: Which Is Better? Altria stock (NYSE: MO) price has decreased by about 29% in the last three and a half years, when the stock dropped from $56 at the end of 2016 to around $40 as of 25th June 2020. That's bad news for Altria. But wait a minute, close rival Philip Morris stock ...
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California Starbucks barista gets $30000 in tips after run-in with maskless woman After a San Diego woman publicly called out a Starbucks barista who asked her to wear a mask, he has received more than $30,000 in GoFundMe contributions. The incident took place Monday at a Starbucks in San Diego's Clairemont neighborhood.
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Gun Maker Remington Preps for Bankruptcy, Seeks Sale to Navajo Nation Firearms manufacturer Remington Arms Co. is preparing to file for chapter 11 protection for the second time since 2018 and is in advanced talks for potential bankruptcy sale to the Navajo Nation, people familiar with the matter said. The bankruptcy filing could ...
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Dixie Beer is getting a name change, Gayle Benson says NEW ORLEANS — New Orleans Saints and Pelicans owner Gayle Benson announced Friday that the process to change the name of Dixie Brewing is now underway. "With inclusive input from all of our community stakeholders, we are preparing to change ...
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Executive changes announced at Navistar as company continues to mull takeover bid A new CEO will take over at Navistar International Wednesday, as current chairman and CEO Troy Clarke moves to the newly created role of executive chairman and focuses his attention on discussions with Traton, which seeks to buy the Lisle-based truck ...
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Honeywell to close Minnesota aerospace plant, affecting 200 jobs Honeywell International Inc. will close an aerospace facility in Minnesota and eliminate 212 jobs, the company said this week. Layoffs at the Coon Rapids facility will mostly take place in August, according to a Worker Adjustment and Retraining Notification ...
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Eldorado Must Sell Several Casinos to Win FTC Approval for Its Caesars Deal Eldorado Resorts (NASDAQ:ERI) received a directive this morning from the Federal Trade Commission (FTC) on several casino properties it must divest to obtain regulatory approval for its planned acquisition of Caesars Entertainment (NASDAQ:CZR).
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CVS Health expands testing capabilities amid rise in COVID-19 cases with three new San Diego locations SAN DIEGO (KUSI) – CVS Health is expanding its COVID-19 no-cost testing program by adding 35 more test sites Friday at select CVS Pharmacy drive- thrus across California, including three locations in San Diego County, amid a surge in new coronavirus ...
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Harley-Davidson to cut about 140 jobs in the US Harley-Davidson said it will cut about 140 jobs in the U.S. following the motorcycle maker's decision to adjust production volumes. The layoffs will affect 90 production workers at the company's facility in York, Pennsylvania, and 50 others at its Tomahawk ...
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FLASH FRIDAY: A New Twist on the Russell Rebalance Would you like a twist with that? That is often the refrain of bartenders when serving an alcoholic beverage – but today's Russell Rebalance is serving one up as well. And it is very different than the same event five years ago when a company named Google ...
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UK Homebuilder Berkeley Announces Death of Founder Pidgley U.K. homebuilder Berkeley Group Holdings Plc announced the death of its founder and chairman Tony Pidgley. He was 72. Pidgley "started Berkeley by building one house and his vision grew into a FTSE 100 company," Chief Executive Officer Rob Perrins ...
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New Mexico's oil and gas regions could become the state's leaders in renewable energy Earlier this year, America surpassed Russia and China as producers of oil and natural gas and supplied more clean energy than coal. Here's how. USA TODAY. CONNECTTWEETLINKEDINCOMMENTEMAILMORE. Southeast New Mexico could be the ...
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$300G Lamborghini wrecked 20 minutes after leaving dealership A $300,000 Lamborghini Huracan Performante Spyder was wrecked on a U.K. highway 20 minutes after its new owner left the dealership when it broke down and was rear-ended by a van at high speed. (SWNS). The incident happened this week on the M1 ...
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MDC Partners Announces Formation of Special Committee to Evaluate Potential Business Combination with Stagwell NEW YORK, June 26, 2020 /CNW/ -- MDC Partners Inc. (the "Company") (NASDAQ: MDCA) today announced that its Board of Directors has formed a special committee of independent directors to review the preliminary, non-binding proposal made by ...
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Business of Pride: Scott Curtis, president, private client group for Raymond James Financial Scott Curtis is president, private client group for Raymond James Financial, a St. Petersburg investment bank and financial services company. He is a Tampa Bay Business Journal 2020 Business of Pride individual ally honoree, which honors someone who ...
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Climate activists disrupt reopening of Paris' Orly Airport PARIS (AP) — Twenty-nine environmental activists were arrested Friday after breaking onto a runway at Paris' Orly Airport to protest plane emissions. The protest came just hours after the airport reopened for the first time since the virus pandemic grounded ...
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Petrol price crosses Rs 80 a litre in Delhi for first time in two years; diesel price at record high Following the price hike, petrol is being sold at Rs 80.13 per litre while diesel is available at Rs 80.19 a litre in Delhi. Share · Next. petrol and diesel prices increase for the seventh consecutive day know new rates, fuel price. Even as the government said that ...
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How a smart car glitch led to a Burger King Whopper promotion In April 2020, electric car manufacturer Tesla released a new feature called "Traffic Light and Stop Sign Control" to assist drivers of the pricey vehicles with reacting to stop signs and traffic lights. Electrek states that drivers who decided to try out this new ...
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Arizona utility plots 2.5GW renewables revolution Arizona utility Tucson Electric Power has today filed its 2020 integrated resource plan with US state's regulator that includes 2457MW of new wind and solar capacity by 2035. Tucson Electric Power, which is owned by Fortis, filed the plan with the Arizona ...
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How a Bill Gates-backed startup plans to save farming with AI This is the web version of Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. When you read about A.I. in this newsletter, you usually don't bat an eye. A.I. is "artificial intelligence," that decades-old ...
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National moves against facial recognition won't mean much in Tampa Bay area Protests over police violence against black communities put a spotlight on some of the tools law enforcement uses to protect and serve. Most recently, that focus centered on surveillance technology. Lawmakers introduced a bill Thursday that would ban ...
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