NKLA stock price dropped yesterday. The fall is largely attributed to the report which claimed that Nikola is “an intricate fraud built on dozens of lies over the course of its founder and executive chairman Trevor Milton’s career.”
Spotify CEO has decided to invest his personal wealth into Europe’s tech startup in order to change the narrative of tech advancements in the region.
ByteDance is now in talks with Oracle Corporation and Walmart Inc over the acquisition of TikTok. Approval of both the U.S. and Chinese governments is necessary.
As WeWork China continues to cut costs globally, Trustbridge Partners has invested $200 million to own a majority stake in the company. As a result of the investment, a Trustbridge Partners’ executive becomes CEO.
Robinhood will use the raised capital to support its core product and enhance the customer experience.
As of Thursday, Nongfu Spring founder Zhong Shanshan had a paper net worth of $57.2 billion, topping Tencent’s Pony Ma and Alibaba founder Jack Ma to become China’s wealthiest man on paper.
Google is reviewing its long-term work options for employees, as most of them say they don’t want to come back to the office full-time.
The latest report from Hindenburg Research accusses Nikola for defrauding investors about the preparedness of its hydrogen-fuel technology. Stock tanks more than 40% in the last three days.
JPMorgan is looking ahead to settle regulatory charges of market manipulation by paying a massive $1 billion in penalty. The DOJ, the SEC, and the CFTC have been conducting an investigation for a long time over the bank involvement in unfair trading practices in the metals market.
Electric car manufacturer Tesla has filed a lawsuit against U.S. President Donald Trump’s administration, aiming to end what it calls “unlawful” tariffs imposed on certain parts imported from China.
On Wednesday Nike (NKE) stock was up 8.76% adding $10.24 to its stock value and closed at $127.11.
Amidst larger market uncertainty, 2020’s top-performing tech sector witnessed heavy selling leading to a broader market correction. Also with the fears of another lockdown, President Trump said that they won’t be going for the same.
Johnson & Johnson has commenced a phase 3 trial of its one-shot vaccine. The company will recruit a total of 60,000 participants. JNJ stock is in the green.
The United States in its spate of economic tensions with China has placed Huawei alongside other technology companies on its blacklist.
Tesla CEO announced plans to deliver a cheaper car of $25,000 by 2023. In reaction, Tesla stock continued its way down.