June 10, 2023 5:59 am
Key moments: *Crypto.com will suspend its US professional institutional exchange service by June 21. *The decision is due to a decline in demand impacted by the present market conditions and pending legal proceedings against exchanges like Binance and Coinbase. * Both the retail mobile app and website will continue to function normally for clients in […]
Read moreJune 9, 2023 2:37 pm
This Thursday, June 8, Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM) announced their partnership in the EV charging sector, allowing for GM EV’s to be charged at Tesla stations. This sparked a decline in EV charging companies stock. In their partnership, GM follows in the footsteps of rival Ford Motor (NYSE:F) by teaming up with Tesla […]
Read moreJune 9, 2023 10:02 am
Tesla (TSLA) closed higher for the tenth consecutive trading session on Thursday, marking the stock’s longest gaining streak in over two years. In stock trading, Tesla shares increased 4.58 percent to $234.86, the highest closing price since October 2022. In the previous session, the stock’s share price reached $230.83. Tesla was the S&P 500 index’s […]
Read moreJune 9, 2023 9:38 am
Lucid Group Inc (LCID), backed by Saudi Arabia’s Public Investment Fund, said this week it was preparing an entry in China’s auto market. According to a report by Reuters, citing an unidentified source with knowledge of the matter, the luxury electric vehicle maker intends to sell imported cars in China and is also considering producing […]
Read moreJune 9, 2023 8:14 am
GXO Logistics Inc said on Thursday that it was initiating a multi-year plan to significantly expand its operations in Germany. In the initial phase, the company intends to invest in a new, 387,000 square foot, state-of-the-art warehouse in Dormagen – an essential logistics location in Dusseldorf. The Dormagen facility is expected to be a launchpad […]
Read moreJune 8, 2023 2:33 pm
Shares of buy-now-pay-later company Affirm Holdings rose on Wednesday after it announced a partnership with Amazon Pay. Affirm’s (AFRM) stock value soared more than 20% midday once the news broke out and later closed 2.40% higher at $16.20. The company’s stock performance helped moderate the loss in the Nasdaq Composite index, which declined by 1.29% […]
Read moreJune 8, 2023 9:51 am
Plug Power Inc (PLUG) said on Wednesday that it would supply Energy Vault Holdings Inc with 8 megawatts of hydrogen fuel cell stationary power to deliver clean energy to the city of Calistoga in California Wine Country during events such as wildfires or other emergencies. Usually, Energy Vault has rented mobile diesel generators to provide […]
Read moreJune 8, 2023 7:20 am
Light & Wonder Inc (LNW), a leader in casino gaming technology, said on Wednesday that it had teamed up with Shift4 to integrate the latter’s payment processing technology into Light & Wonder’s cashless table-top debit solution – AToM. Being a point-of-play PIN debit solution, AToM enables players to access their funds without the need to […]
Read moreJune 7, 2023 10:44 am
Dollar General Corporation (DG) said this week it had priced an offering of $500,000,000 of its Senior Notes due 2028 and $1,000,000,000 of its Senior Notes due 2033. The 2028 notes will pay interest at a rate of 5.200% per year and mature on July 5th 2028. The 2033 notes will pay interest at a […]
Read moreJune 7, 2023 9:02 am
Ford Motor Co (F) said on Tuesday that it would recall 125,000 sport utility vehicles and trucks, since engine failures may trigger a fire. According to the company, isolated engine manufacturing issues can cause the engine to fail prematurely and, in such a case, engine oil or fuel vapor may be released, which increases the […]
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