After revealing its test results for the solid-state battery that has been in development, EV startup QuantumScape has enjoyed a 60% rise on the New York Stock Exchange in the past month. This development sees the Westbury, NY-based company rise beyond its $22 billion market cap level.
In its latest...
After weeks of friction between its chief executive officer and other key stakeholders, Volksgawen’s supervisory board resolved the extended conflict, endorsing CEO Herbert Diess in his role. As a result of this positive outcome, Volkswagen stocks incurred their largest rise in seven months.
The supervisory board sang Diess’ praises in...
Having unseated Exxon Mobil Corp. as the largest oil corporation in North America, Chevron Corp. has announced that it intends to fulfill a simple promise to investors: provide them with higher returns and lower carbon.
According to Chief Executive Officer Mike Wirth, Chevron has excelled in one area where many...
Looking to double down on the Prius’s sterling reputation as one of the most highly reputable green vehicles worldwide, Toyota has decided to develop its first-ever pure electric vehicle (EV). The vehicle, which is set to be based on the vehicle manufacturer’s e-TNGA platform, was teased by Toyota as...
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...
With the coronavirus pandemic significantly impairing the profitability of brick-and-mortar stores since the start of nationwide lockdowns, Simon Property has taken the decision to pull its financing from four of its malls with prospects of financial success being severely impacted.
The United States’ largest shopping center operator, Simon Property Group...
Cisco Systems Inc. is now expected to beat industry analysts’ forecast for the company’s second-quarter earnings. This news has resulted in a 9.6% rise in Cisco stocks as markets close.
With the economy gradually recovering from its coronavirus slump, governments and companies alike are expected to resume spending on networking...
Ride-sharing company Lyft looks to be on track to recover from the damaging effects of the COVID-19 outbreak, co-founder and President John Zimmer explained in an interview with Yahoo Finance on Tuesday.
This statement comes after Lyft managed to exceed Wall Street’s expectations for the company’s quarterly earnings. The company...
According to filings with the U.S. Securities and Exchange Commission, Amazon Chief Executive Officer Jeff Bezos sold $3 billion worth of shares of the retail giant on Wednesday.
According to Bezos’ beneficial ownership filings, the Amazon founder sold approximately one million shares of his company over the course of Monday...