Lordstown’s funding in crisis as investor Foxconn alleges agreement breach
(Reuters) -Major shareholder Foxconn is alleging that Lordstown Motors had breached their $170 million investment deal, the EV maker said…
Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
(Reuters) -Norwegian Cruise Line Holdings Ltd raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on…
Ford’s Kentucky Truck Plant road-tests a new quality strategy
(Reuters) – Shutting down the assembly lines that build Super Duty pickup trucks at Ford Motor (NYSE:F) Co’s Kentucky Truck…
1211: China’s EV Giant BYD Charges Ahead with 400% Profit Increase
The world’s top selling EV maker is speeding through price wars, leaving Tesla in the dust. Elon who? Tesla rival…
Morgan Stanley upgrades General Motors, sees attractive risk reward
Morgan Stanley analysts upgraded General Motors (NYSE:GM) shares to Overweight from Equal Weight with the price target also raised ($38…
Japan’s Astellas Pharma to buy Iveric Bio for $5.9 billion
Astellas Pharma (OTC:ALPMY) announced today a deal to merge its Berry Merger unit with Iveric Bio (NASDAQ:ISEE) in a deal…
Israel stocks higher at close of trade; TA 35 up 0.90%
Israel stocks were higher after the close on Sunday, as gains in the Communication, Real Estate and Oil & Gas sectors led shares higher. At…
Energizer, Walmart sued for conspiring to raise battery prices
(Reuters) – Energizer Holdings Inc and Walmart (NYSE:WMT) Inc have been sued by consumers and retailers in three proposed class…
Sony shares tumble on weaker-than-expected annual outlook
(Reuters) – Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual…
XAU/USD: Gold Prices Firm After US Economic Growth Slows Down to 1.1%
The American economy flagged its first big recession signal as it expanded way below estimates in the first quarter. Gold…