Why Is Nikola Stock Surging Today?
Nikola shares surge as AiLO Logistics orders 100 hydrogen FCEVs, highlighting commitment to sustainable logistics and growing industry demand.
Kanzhun’s Strong Quarter Overshadowed By Broad Sell-Off In Chinese Stocks: Details
Chinese online recruitment platform Kanzhun reported 33.4% revenue increase in Q1 2024, beating analyst estimates. Adjusted EPADS of $0.16 also exceeded expectations.
Advanced Energy Discloses New Offer To Acquire XP Power; Is The Latest Proposal Enticing Enough?
AEIS proposes to acquire XP Power for £19.50 per share in cash, which is a 68% premium to XP Power's closing share price on May 20, 2024. AEIS's CEO believes the deal will benefit both shareholders and customers.
Visa And Mastercard Under Scrutiny For Fee Increases In The UK – What’s On The Cards?
Britain's Payment Systems Regulator (PSR) found that Visa and Mastercard have increased fees on retailers without improving service quality. Over the past five years, fees rose by over 30%, adding over £250 million to UK business costs. Lawmakers are calling for more stringent oversight as 95% of U.K. card transactions use Visa or Mastercard, leaving businesses with little choice but to absorb the costs.
Crypto-Related Stocks Are Trading Up To 4% Higher As Ethereum Gains 22% Amid Rising ETF Approval Odds
The possibility of a spot Ethereum (CRYPTO: ETH) ETF getting approved has sent Bitcoin (CRYPTO: BTC) and ETH-related stocks, including Marathon Digital Holdings Inc (NASDAQ:
Lowe’s Q1 Earnings: Profit Beat, Revenue Drop – What’s Behind The Numbers?
Lowe's Companies shares rose after reporting better-than-expected Q1 FY24 earnings. Sales declined 4.4% year-on-year to $21.364 billion, surpassing estimates. EPS of $3.06 beat the expected $2.94. Despite a drop in DIY discretionary spending, positive sales in Pro and online sectors helped. Lowe's still projects FY24 revenue of $84-$85 billion and EPS of $12.00-$12.30.
Wall Street To Open Mostly Flat As Nvidia Earnings, Fed Speeches Keep Traders On Edge; Bitcoin Rockets Above $71K On Ethereum ETF Approval Buzz
Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session.
Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin
Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.
Elbit Systems Gets $760M Contract From Israeli Ministry Of Defense, Confirms Higher Demand Since Beginning Of War
Elbit Systems secures a $760 million contract from the Israeli Ministry of Defense amid heightened demand since the onset of the war.
Beyond Meat Faces Setback As Carl’s Jr. And Del Taco Drop Products: Report
Beyond Meat faces challenges as Carl's Jr. and Del Taco reportedly drop its plant-based beef due to declining sales. Most of Carl's Jr.'s 1,000+ locations stopped offering the Beyond Burger, initially launched in 2019. Del Taco also ceased Beyond Meat offerings in nearly 600 locations. Despite this, Beyond Meat is hopeful, banking on new product developments and pricing strategies to regain consumer interest.