Nikola, an electric vehicle company, has hit a major roadblock. They've filed for Chapter 11 bankruptcy protection. This comes after months of warnings that they were running low on cash. It's a far cry from their heyday, when they were a Wall Street darling. Back in 2020, Nikola was valued at aroun
Nikola Corp, a company that once had investors and analysts buzzing, has taken a big step. They've filed for Chapter 11 bankruptcy protection. This means they're having a tough time keeping their business going. They couldn't find a buyer or get more money to keep running. Nikola's CEO, Steve Girs
Trump is planning to slap a 25% tariff on auto imports, semiconductors, and pharmaceuticals as early as April 2. This move comes after he already imposed a 10% tariff on Chinese goods and a 25% tariff on steel and aluminum imports. He hinted that these new tariffs could go even higher over the next
Tesla is facing a tough time with sales dropping for the first time ever. This isn't a big deal for most companies, but Tesla had been growing super fast. In 2023, sales went down by 1% and in January 2024, sales were down 24% from December 2023. This isn't surprising because Tesla usually has a big
Let's dive into what happened in Asia's stock market today. The day started with a mix of ups and downs. While some markets saw gains, others faced losses. The Hang Seng Index in Hong Kong dropped by 0. 25%. Meanwhile, the Shanghai Composite in China saw a slight increase of 0. 54%. Japan's Nikkei 2
In the final stretch of 2024, a significant shift occurred in the investment strategy of a prominent hedge fund. Corvex Management, based in New York, made a substantial bet on the broader market. This move involved purchasing call options on the SPDR S&P 500 ETF Trust, commonly known as SPY. The va
Anthony Pompliano, a well-known figure in the crypto world, has started a new daily show on X. The show, titled "From the Desk of Anthony Pompliano, " is a daily business news program that airs around 10:30 a. m. each weekday. This is not Pompliano's first rodeo in the content creation world. He alr
KFC is shaking things up! The fast-food giant is packing its bags and moving 100 corporate jobs from Louisville to Plano, Texas. This isn't just a small change – it's a big shift that will affect 90 remote positions too. The move will happen in stages, with corporate roles heading to Texas over the
Sichuan Province in China has witnessed a remarkable surge in tourism over the past eight years. This growth isn't just about more tourists visiting; it's about how they navigate through the province. Picture Sichuan as a vast web, with cities and tourist attractions as the nodes. The lines linking
The job market for white-collar workers in the U. S. has slowed down significantly in recent years. This shift is evident in sectors like tech, law, communications, and media, where many professionals are struggling to find new roles despite an overall healthy job market with a 4% unemployment rate
