After a 17% surge on Tuesday that resulted in a two-month high, hydrogen vehicle manufacturer Nikola suffered a 15% decrease in stock prices as markets came to a close. The Phoenix-based firm enjoyed a significant rise over the past few weeks in line with the electric vehicle market.
Nikola’s late...
Sun Life Financial Inc. has announced the retirement of Chief Executive Officer Dean Connor, confirming that the long-term leader will hand the reins over to existing Chief Financial Officer Kevin Strain in August of next year.
In addition to taking the role of CEO, the 54-year-old businessman will also assume...
In recent weeks and months, prices have been soaring across the retail industry. However, don't expect Costco to jump on the bandwagon. At least not in terms of their membership fees and not right away.
In the past, Costco's membership saw a price hike every five-and-a-half years on average. The...
The U.S. Department of Labor released its weekly new jobless claims report on Thursday, with new jobless claims reaching 744,000 for the week ending April 3rd. Despite signs of increased rehiring and economic recovery, jobless claims have continued to rise since late March.
This result comes as a major surprise...
Saudi Arabia revealed plans for the development of its new national airline targeting international travelers, thereby gearing up to compete head-to-head with existing Middle Eastern rivals Emirates and Qatar Airways. According to two sources familiar with the matter, the new airline is expected to provide all new international flight...
Within days of releasing their Q3 financial results, Tesla Inc. announced on Tuesday that it would be reducing the price of the Model S “Long Range” sedan by 4% in the United States. This news comes after the electric car manufacturer reported record quarterly deliveries.
With their third-quarter results scheduled...
Hong Kong Health Secretary Sophia Chan announced on Wednesday that the city plans to ease coronavirus restrictions from February 18th onwards. This will see the reopening of sports and entertainment facilities as well as the extension of dining hours in restaurants.
While catering businesses will be permitted to remain open...
The Bank of England unveiled a new 50-pound ($69) note on Thursday, in honor of mathematician Alan Turing who helped the United Kingdom win the Second World War with his code-breaking skills. In 1936, Turing wrote a paper that laid the foundation for modern computer science. The paper also...
Deliveroo Plc has hired former Amazon Inc executive Devesh Mishra as their new chief product and technology officer, the food delivery company announced early this week. Mishra will be tasked with overseeing Deliveroo's data science, design, engineering, and product development efforts, which form an integral part of the company's...