Tag: innovation

Posts with tag: innovation

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Nikola Files for Chapter 11 Bankruptcy, Plans Asset Auction

Electric vehicle startup Nikola files for Chapter 11 bankruptcy amid market and macroeconomic challenges, plans to auction assets.

Gas Prices Surge as Refinery Issues, Summer Fuel Switch Loom

Gasoline prices expected to rise due to refinery issues and seasonal blend switch.

KKR Offers $5 Billion for Majority Stake in Thames Water

Investment firm KKR offers £4 billion for a majority stake in Thames Water, expanding the pool of potential buyers for the beleaguered utility.

Nikola Files for Bankruptcy, Joining List of Failed Electric Vehicle Startups

Nikola, the electric truck company briefly valued as Ford, has filed for Chapter 11 bankruptcy to sell its assets, joining the growing list of bankrupt zero-emissions vehicle developers.

Formula One Unveils Bold Future: New Cars, US Growth, and American Automakers Return

Formula One kicks off its 75th season with new cars, more races, and growing popularity, especially in the US, thanks to Netflix's "Drive to Survive."

Stuart Weitzman brand sold to Caleres for $105 million cash

Tapestry sells Stuart Weitzman to Caleres for $105 million in cash to focus on growth of Coach and Kate Spade brands.

Rachel Reeves faces painful spending cuts or higher taxes as economic forecasts downgraded

Chancellor Rachel Reeves faces pressure to cut spending or raise taxes due to over-optimistic growth and productivity forecasts, leaving her finely balanced Budget vulnerable to downgrades.

Stocks Fall as Trump's Tariff Threats Stir Trade War Concerns

Stocks fell as President Donald Trump’s latest tariff threats stoked concern about a trade war. The S&P 500 slid from a record and homebuilders sank.

Warren Buffett Buys Stake in Constellation Brands

Warren Buffett's Berkshire Hathaway (BRK-B) holds a 5.6 million share stake in Constellation Brands (STZ), making it the sixth-largest shareholder of the beer and liquor giant. Shares of STZ jumped 5% on the news, which indicates a positive vote of confidence in the company.

US Exceptional Trade Loses Confidence as Global Stocks Take Center Stage

The Takeaway from today's Morning Brief, which you can sign up for in your inbox every morning along with a chart of the day, what we're watching, what we're reading, and economic data releases and earnings.