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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Daimler joint venture to build $650M nationwide charging network for electric trucks
April 28, 2023 2:30 PM EDTMercedes-Benz owned Daimler Truck on Friday introduced Greenlane, the name of its joint venture with NextEra Energy and BlackRock Alternatives.
The more than $650 million joint venture was formed to design, develop, install and operate a U.S. nationwide, high-performance zero-emission public charging and hydrogen fueling network for medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles.
They also unveiled renderings of the site layout as a major milestone in the development of the... More
Texas house approves $200 annual fee on EVs, bill heads to Gov. Abbott’s desk
April 28, 2023 1:27 PM EDTA Texas bill requiring electric vehicle drivers to pay an additional annual $200 fee passed the state House of Representatives Thursday with a unanimous vote of 145-0. SB 505 will now head to Gov. Greg Abbotts desk where it is expected to be signed.
Republican state Sen. Robert Nichols, who sponsored the legislation, said an additional electric vehicle fee is necessary because EV drivers don't pay gas taxes when they fuel their vehicles.
"As... More
Morgan Stanley adjusts estimates ahead of Ford’s (F) 1Q release
April 27, 2023 8:02 AM EDTMorgan Stanley reiterated an Overweight rating and $14.00 price target on Ford Motor Company (NYSE: F) ahead of the American automakers 1Q earnings release. Ford is scheduled to report 1Q earnings results on Mary 2nd.
Analyst Adam Jonas wrote in a note,... More
Stellantis (STLA) offering voluntary buyouts to 33,500 U.S. employees
April 26, 2023 1:53 PM EDTStellantis (NYSE: STLA) announced Wednesday that the Chrysler parent company is offering voluntary exit packages to 33,500 U.S. employees as it looks to streamline operations.
The automaker did not say how many total jobs it is looking to eliminate. However, the offer covers 31,000 U.S. hourly workers and about 2,500 salaried workers. The company is also... More
Stellantis (STLA) to cut 3,500 U.S. jobs
April 26, 2023 8:31 AM EDTAccording to a United Auto Workers union letter made public Tuesday, Chrysler and Dodge parent company Stellantis (NYSE: STLA) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages.
According to the letter, The automaker is looking to reduce its... More
