Nikola Motor Company Source: Nikola Motor Company Nikola’s stock slid by about 7% Tuesday after CNBC reported new sex abuse allegations against founder Trevor Milton and General Motors said that it was still in discussions over a $2 billion deal with the electric truck maker, which is expected to close Wednesday. Two women have now
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday
Bang Si-Hyuk is know as the mastermind behind K-pop sensation BTS, since he brought the boy band together in 2013. On Monday, his company, artist management firm Big Hit Entertainment, set its IPO share price at 135,000 South Korean won, which is approximately $115 per piece, valuing the company at over $4.1 billion. That means Bang, its
Earnings season kicks off in a couple weeks and here’s why it may be better than expected. The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results. “September has been a rough
A protester blocks the street leading to the Washington, D.C., home of U.S. Senate Majority Leader Mitch McConnell, R-Ky., demanding the extension of unemployment aid, on July 22, 2020. Jonathan Ernst | Reuters Stimulus checks and enhanced unemployment benefits that helped the poorest Americans weather the coronavirus pandemic are in danger of ending, throwing the
Bobbi Brown, who left her eponymous cosmetics company in 2016, is now founder and CEO of Beauty Evolution. Source: Ben Ritter Navigating the pandemic hasn’t been easy for business owners. Serial entrepreneur Bobbi Brown is no exception. The beauty icon, who sold her eponymous cosmetics company to Estée Lauder in 1995, is now founder and
WASHINGTON, DC – SEPTEMBER 24: Speaker of the House Nancy Pelosi (D-CA) holds a weekly press … [+] conference at the Capitol on September 24, 2020 in Washington, DC. Pelosi paid tribute to Supreme Court Justice Ruth Bader Ginsburg saying the late justice will be the first woman as well as the first Jewish person
3d illustration of two cranes building 100 dollars getty Our first glimpse of individual income tax returns affected by the Tax Cuts and Jobs Act indicates that the 2017 tax law seems to have benefited higher-income taxpayers the most and, as in prior years, the income tax is not progressive at the high end. Recently published data
A pink terrace house near Portobello Road in London’s stylish Notting Hill. (photo by Sam Mellish / … [+] In Pictures via Getty Images Images) In Pictures via Getty Images Savills has raised its house price growth forecasts for 2020 to 4% and now expects the market to shrug off the recession next year and
SINGAPORE — China’s air passenger volume could jump by 10% year-over-year during a critical holiday season that begins later this week — but that won’t help Chinese airlines turn profitable until international travel resumes, said an analyst. Chinese airlines, like their peers globally, have been hit by a slump in travel as countries around the world closed
BTS attend the Billboard Music Awards at MGM Grand Garden Arena on May 01, 2019 in Las Vegas, Nevada. Frazer Harrison | Getty Images Entertainment | Getty Images SINGAPORE — The highly anticipated market debut of Big Hit Entertainment, the music label behind South Korean K-pop megastars BTS, will shift South Korea’s public listing landscape
kate_sept2004 If you’re still waiting on $500 stimulus payments for your children, time is running out to meet a deadline to make sure the government gets that money to you. The IRS has set Wednesday, Sept. 30 for federal beneficiaries who were shut out of those dependent payments to submit their information to the agency’s
WASHINGTON, DC – SEPTEMBER 26: Seventh U.S. Circuit Court Judge Amy Coney Barrett looks on while … [+] being introduced by U.S. President Donald Trump as his nominee to the Supreme Court during an event in the Rose Garden at the White House September 26, 2020 in Washington, DC. With 38 days until the election,
getty The COVID-19 pandemic and social distancing have accelerated a trend which has been underway for many years – the closing of houses of worship. There are many reasons a congregation, parish, or other religious community might close down their physical house of worship. If the physical property will no longer be in use for
Following a blockbuster report by The New York Times over the weekend, all eyes are focused on President Trump’s tax returns and what he did, and didn’t, pay. But the eyes that really matter are the federal and state tax authorities charged with reviewing whether or not Trump and the Trump Organization broke tax laws. And
Steel production has rebounded alongside the recovery in automotive production this quarter, Cleveland-Cliffs CEO Lourenco Goncalves told CNBC Monday. U.S. automakers are sprinting to re-stock showrooms and get back on production schedule after plants were shut down earlier this year as the country took action to slow the spread of a novel coronavirus. “We have
Porsche is working with third-party operators for more than 200,000 charging points in China. Evelyn Cheng | CNBC BEIJING – Luxury and electric vehicles emerged as bright spots at this year’s Beijing Auto Show, which kicked off this weekend in the aftermath of the coronavirus pandemic with about 200 fewer vehicles than previous shows. China
After Hadi Yousef began to invest in stocks, he soon learned the value of listening to a company’s earnings call. It didn’t take long for the then-Indiana University student to realize that tracking them down for a range of companies was a challenge. “Around that time, five years ago, I had really gotten into podcasts,
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House September 27, 2020 in Washington, U.S. Ken Cedeno | Reuters Apparently, losing millions of dollars can work in your favor – if you’re President Donald Trump and can hire a team of professionals
There may be a surprising silver lining to the Covid-19 crisis for some small businesses. Nearly 60% of small business owners said there has been at least one positive thing to emerge from managing through the coronavirus pandemic that will be continued by their organization in the future, a new report has found. Wilmington Trust’s