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The cinema chain warns it may need to raise more money in the event of further coronavirus restrictions....
Shares of Nikola nosedived 25.8% on Wednesday after the Wall Street Journal reported that ongoing discussions with major energy firms including BP are on hold following a short-seller’s report alleging that the company misled investors. The stock is down 10% in Thursday's pre-market trading.The electric-truck maker has been in talks to partner with energy firms to build hydrogen refueling stations. The potential partners are now hesitant to continue talks with Nikola (NKLA), according to the report. Meanwhile, the partnership has not yet ended and could still materialize.On Sept. 10, short-seller Hindenburg Research accused Nikola of being an “intricate fraud built on dozens of lies". Hindenburg added “We have gathered extensive evidence—including recorded phone calls, text messages, private emails and behind-the-scenes photographs—detailing dozens of false statements by Nikola Founder Trevor Milton.” Following the Hindenburg report, Milton resigned as executive chairman on Sept. 21.In reaction to Milton’s departure, Deutsche Bank analyst Emmanuel Rosner cut...
Once or twice a year, we get a significant buying opportunity in gold. The next buy signal is rapidly approaching, and prices could bottom any day....
ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy Acquisition Corp in a deal that values the company at $2.4 billion. The deal is expected to close near the end of the year and the company will be named ChargePoint Holdings Inc. A trading symbol on the New York Stock Exchange has not been identified. Reuters last week reported ChargePoint and Switchback were nearing a deal....
(Bloomberg) -- Before the pandemic emptied the city, few lenders benefited from the heady local real estate market as much as regional players New York Community Bancorp Inc. and Signature Bank.Now they’re becoming a case study for potential trouble from a sudden downturn in the Big Apple’s property sector, and their share prices are suffering. New York Community Bancorp and Signature were among the top five most-active lenders in New York in the first half of the year, and almost all of their portfolios are tied to the area.With retail and apartment vacancies rising and rents falling, and with the prospect of employers cutting their office space looming, the question is whether the hundreds of millions of dollars the banks have set aside for commercial-property loan losses will be enough. An epicenter of Covid-19, the city shut down in March, earlier than many parts of the U.S., and its reopening has...
AstraZeneca is still waiting for the U.S. drug regulator to approve the restart of the clinical trial of its potential COVID-19 vaccine in the United States almost three weeks after it was paused due to safety concerns. The U.S. trial of AstraZeneca's COVID-19 vaccine candidate, initially developed by the University of Oxford, remains on hold while regulators investigate an illness in one of the participants, even after a British study and other programmes outside of the United States have resumed....
Thousands of British expats living in the EU have been told their bank accounts are being closed....
