News

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...

Low-cost Norwegian airline Norwegian Air has taken the decision to appoint Chief Financial Officer Geir Karlsen as the company's new Chief Executive Officer, the company announced on Monday. The board of directors voted Karlsen into his new position on June 20th. The vote took place after existing CEO Jacob Schram...

ExxonMobil, one of the largest publicly traded oil and gas companies in the world, is looking to expand its energy empire. According to a recent report by Bloomberg, ExxonMobil is exploring the possibility of acquiring Plano, Texas-based oil producer Denbury. Reportedly, ExxonMobil has already entered the talks with Denbury, but...

Colonial Pipeline, the largest pipeline system for refined products in the United States, paid a ransom of nearly $5 million to Eastern European hackers on Friday. This was after the hackers used ransomware to disable Colonial Pipeline's computer network. According to the FBI, the hackers are linked to a...

Brian Niccol, the new CEO of Starbucks, intends to primarily focus on improving the company’s business in the United States in his early days as the coffeehouse chain’s top executive. In an open letter shared this week, Niccol said that Starbucks “isn’t delivering” on providing the best experience for its...

Stellantis has begun taking U.S. orders for the Fiat Topolino, a tiny electric quadricycle that starts at $13,995 before fees and is designed to operate more like a golf cart than a conventional car.

In an effort to overcome the island's bankruptcy over the last four years, Puerto Rico reached a tentative deal with multiple bondholder groups to reduce the debts owed by the central government. The new agreement would take into consideration the substantial damage that the island's economy incurred since the start...

SpaceX shares declined for a fourth straight day on Wednesday, slipping under the company’s $135 IPO price for the first time after a turbulent first month of trading.

Artificial intelligence stocks have led the broader market in 2026, and the report highlights two companies that could continue to benefit as earnings season approaches.

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...