Stock News

Ford shares close higher on Thursday, 39,000 US SUVs to be recalled after cases of engine fire

Ford Motor Co (F) announced on Thursday the recall of 39,000 SUVs after it received reports of 16 fires. The US auto maker also advised SUV owners to park their vehicles outdoors and at a distance from structures. The recall will affect some 2021 Ford Expedition and Lincoln Navigator models. The move came as an […] Read more

Stellantis to begin reshuffling European dealers’ network in 2023

Stellantis’ regional sales chief said earlier this week the auto maker would begin a reshuffle of its European dealers’ network in 2023 from Austria, Belgium and the Netherlands, as well as its van and premium brands in all markets. Under the plan, Stellantis’ distribution structure in Europe will be shifted towards an “agency model”. This […] Read more

Netflix shares close lower on Wednesday, company lays off nearly 150 people

Netflix Inc (NFLX) said earlier this week it had laid off nearly 150 employees, mostly in the United States, as it struggles with decelerating growth. The layoffs account for nearly 2% of Netflix’s workforce in the United States and Canada, it said. The streaming service company reported its first loss of subscribers in over 10 […] Read more

Citigroup shares surge over 7% on Tuesday, Berkshire unveils new $3 billion investment in the stock

The shares of Citigroup Inc (C) surged more than 7% on Tuesday, as a fresh $3 billion investment by Warren Buffett’s Berkshire Hathaway Inc increased confidence in the Wall Street bank’s stock. Berkshire Hathaway built its stake in Citi during the quarter ended on March 31st, as it took advantage of a 5% pullback in […] Read more

Snapchat is the fastest growing US brand with 184% brand value growth YoY

Snapchat is the fastest-growing US brand, registering 184% brand value growth¹ over the past year, according to research and analysis by TradingPedia. Globally, Snapchat ranks second among the fastest-growing brands, right after TikTok, which registered a brand value growth of 215% year-over-year, as reported in 2022. In Q1 2022, Snapchat managed to reach a 38% […] Read more

Sigma Labs renames to Sigma Additive Solutions

Sigma Labs Inc (SGLB) announced earlier this week it would begin conducting business under a new name – Sigma Additive Solutions, with immediate effect. “Our company’s decision to operate as Sigma Additive Solutions is an acknowledgement of the progress the Sigma team has made in creating the quality standard in additive manufacturing,” Sigma Labs’ Chief […] Read more

Tesla shares close lower on Monday, company postpones plan to restore production in Shanghai to pre-lockdown levels

Tesla Inc (TSLA) has postponed a plan to bring back output at its Shanghai facility to levels prior to the city’s COVID-19 lockdown by at least 1 week, Reuters reported while citing an internal memo. Initially, the US electric vehicle maker intended to ramp up production at its Shanghai facility to 2,600 cars per day […] Read more

Ford shares close higher on Friday, auto maker sells shares in Rivian worth $188 million

Ford Motor Co (F) said in a regulatory filing on Friday that it had sold 7 million shares of electric vehicle maker Rivian Automotive Inc for $188.2 million ($26.88 per share). This followed another announcement by the US auto maker on May 10th that it had sold 8 million shares of Rivian Automotive Inc for […] Read more

ScreenPro Security finalizes the acquisition of Naturevan Nutrition

Vancouver, Canada-based ScreenPro Security Inc said on Friday that it had finalized the acquisition of Naturevan Nutrition Ltd, a privately-held British Columbia firm operating within the health and wellness industry and having 22 natural health supplement products. Under the terms of the deal, ScreenPro acquired all the issued and outstanding shares of Naturevan for an […] Read more