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Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

1 month ago   |   By Business Insider

Summary List Placement
Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts to bar California from setting its own emissions regulations.
California's authority to set its own fuel regulations will likely boost the EV industry, as will GM's new plan to increase spending on EVs and work with Biden to promote the industry.
Investors are also speculating that Nikola and GM are close to reaching a deal that would place GM has the sole supplier of fuel cells for Nikola's line of semi-trucks. The...
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Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

1 month ago   |   By Business Insider

Nikola Badger.
Nikola
Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts to bar California from setting its own emissions regulations. California's authority to set its own fuel regulations will likely boost the EV industry, as will GM's new plan to increase spending on EVs and work with Biden to promote the industry. Investors are also speculating that Nikola and GM are close to reaching a deal that would place GM has the sole supplier of fuel cells for Nikola's line of semi-trucks. The...
Read more ...

 

Trump brags about Dow 30,000 at surprise press conference, leaves after a minute

1 month ago   |   By CNBC

Trump's 62-second appearance came less than a day after his administration took a major step toward the transition into Joe Biden's presidency.
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Dow soars past the 30,000 mark for the first time

1 month ago   |   By Washington Post

Investors cheer as the White House transition gets under way and Janet Yellen is tapped for treasury secretary - steps seen as progress in stabilizing the economy.
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Dow crests 30,000 points on vaccine hopes, Biden transition

Dow crests 30,000 points on vaccine hopes, Biden transition

1 month ago   |   By Stl Today

The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden...
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Dow Jones Industrial Average trades above 30,000 points as stocks continue to climb on vaccine hopes, Biden transition

1 month ago   |   By Stl Today

NEW YORK - Dow Jones Industrial Average trades above 30,000 points as stocks continue to climb on vaccine hopes, Biden transition.
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Dow Jones eclipses 30,000 as Biden transition begins

1 month ago   |   By Review Journal

The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as markets continued to climb on vaccine hopes and the President-elect Joe Biden transition.
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Dow Jumps 300 Points As Formal Biden Transition Begins, But The Market's Flashing A Few Warning Signs

1 month ago   |   By Forbes

The last time investor sentiment was so bullish was right before a 10% correction in the S&P.
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Dow climbs 310 points as investors cheer transition to Biden administration

Dow climbs 310 points as investors cheer transition to Biden administration

1 month ago   |   By Business Insider

Summary List Placement
US equities gained on Tuesday as the General Services Administration's ascertainment of a Biden victory lifted investor sentiments.
The GSA announced Monday afternoon it will provide President-elect Biden with the "resources and services" needed to start his transition to the White House. The move is the clearest sign yet that the Trump campaign accepts its loss in the 2020 race.
Value and cyclical stocks outperformed as the GSA's decision diminished election-related uncertainties.
Bitcoin surged above $19,000 for the first time since 2017 and closed in on its...
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Dow climbs 310 points as investors cheer transition to Biden administration

1 month ago   |   By Business Insider

Mario Tama / Getty Images
US equities gained on Tuesday as the General Services Administration's ascertainment of a Biden victory lifted investor sentiments. The GSA announced Monday afternoon it will provide President-elect Biden with the "resources and services" needed to start his transition to the White House. The move is the clearest sign yet that the Trump campaign accepts its loss in the 2020 race. Value and cyclical stocks outperformed as the GSA's decision diminished election-related uncertainties. Bitcoin surged above $19,000 for the first time since 2017 and closed in on its...
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US stocks slide as disappointing bank earnings prompt end-of-week sell-off

US stocks slide as disappointing bank earnings prompt end-of-week sell-off

Summary List Placement US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as... Read more ...

Daily Crunch: WhatsApp responds to privacy backlash

Daily Crunch: WhatsApp responds to privacy backlash

WhatsApp delays enforcement of a controversial privacy change, Apple may get rid of the Touch Bar in future MacBooks and Bumble files to go public. This is your Daily Crunch... Read more ...

How to delete your DoorDash account when you no longer use the delivery service

How to delete your DoorDash account when you no longer use the delivery service

Summary List Placement Maybe you have too many delivery apps on your phone. Maybe it's your New Year's resolution to cook more at home. No matter the reason, deleting your... Read more ...

Retail Sales decreased 0.7% in December

Retail Sales decreased 0.7% in December

On a monthly basis, retail sales decreased 0.7 percent from November to December , and sales were up 2.9 percent from December 2019. From the Census Bureau report : Advance... Read more ...

Top CEOs want Trump to be impeached after the deadly Capitol riot, according...

Top CEOs want Trump to be impeached after the deadly Capitol riot, according to a new survey by Yale

Summary List Placement President Donald Trump should be impeached after inciting last week's deadly Capitol insurrection , the country's top chief executives say. In a survey... Read more ...

The Trump administration blacklisted 9 more Chinese companies, including...

The Trump administration blacklisted 9 more Chinese companies, including Xiaomi. It labeled the smartphone giant a 'Communist Chinese military company.'

Summary List Placement Smartphone maker Xiaomi and eight other Chinese firms have been added to a Trump administration blacklist, just days before President-elect Joe Biden... Read more ...

JPMorgan eyes commercial bank's international expansion with goal of $1...

JPMorgan eyes commercial bank's international expansion with goal of $1 billion in revenue. 'This is an extraordinary opportunity to hire bankers.'

Summary List Placement JPMorgan Chase CEO and chairman Jamie Dimon addressed the firm's plans to drive global revenues by expanding its international commercial-banking... Read more ...

Spotify sinks 7% after Apple announces plans for podcasting subscription service

Spotify sinks 7% after Apple announces plans for podcasting subscription service

Summary List Placement Spotify shares tumbled as much as 7% on Friday after Apple announced it's in talks to start a new podcasting subscription service. Apple's move into... Read more ...

Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints

Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints

Summary List Placement Citigroup reported mixed fourth-quarter earnings on Friday that were hurt by weaker-than-expected fixed-income trading revenues. The bank reported... Read more ...

Bumble files to go public

Bumble files to go public

The dating and networking service Bumble has filed to go public. The company, launched by a former co-founder of the IAC-owned Tinder , plans to list its share on the Nasdaq... Read more ...