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...
Chinese eCommerce giant Alibaba experienced a slowing sales growth during the month of September, leading to its slowest sales pace in its history for this specific time period.
As a result, Alibaba shares slumped by more than 4% on the New York Stock Exchange. Also of concern is the tightening...
BYD (BYDDF), an automotive company backed by billionaire Warren Buffett, has joined competitors Nio (NIO), Xpeng Motors (XPEV), and Li Auto (LI) as frontrunners in the Chinese electric vehicles market.
BYD stocks rose by nearly 3% to 22.95 on Wednesday after the company reported its unexpectedly high sales figures for...
Walmart Inc is currently engaged in discussions regarding the possibility of the retail giant promoting and distributing smart TV sets that run on Comcast software, the Wall Street Journal revealed on Tuesday.
The terms being discussed include the retail giant promoting the Comcast-run TVs in exchange for a share in...