Phoenix Motor Forecasts Tenfold Revenue Growth In 2024, Stock Jumps
Phoenix Motor shares jump premarket after disclosing 2024 and 2025 revenue guidance. Projects significant growth and profitability. read more
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US Stocks Likely To Open Higher After Nasdaq 100 Enters Correction Zone: ‘Economic Resilience Provides A Foundation For Market Stabilization,’ Says Expert
U.S. stock futures rose on Friday following Thursday’s selloff that pushed the Nasdaq 100 index into the correction zone. read more
SpaceX’s Starship Explosion During 8th Test Flight Brings FAA Scrutiny, Regulator Opens Mishap Investigation
The FAA said on Thursday that it requires SpaceX to conduct a mishap investigation into the Starship explosion during its eighth test flight. read more
Canadian PM Justin Trudeau Retaliates With 25% Tariffs On US Goods Amid Escalating Trade War (CORRECTED)
Canadian Prime Minister Justin Trudeau has announced a 25% tariff on $155 billion worth of U.S. goods. This decision comes as a direct response to the 25% tariffs imposed by U.S. President Donald Trump on Canadian goods, as reported by BNN Bloomberg. read more
Nvidia, Meta And Amazon-Backed Scale AI Reportedly Faces US Labor Probe Over Fair Pay Practices
The U.S. Department of Labor is probing into Scale AI, a California-based startup supported by Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), and Meta (NASDAQ: META), to assess its compliance with the Fair Labor Standards Act. read more
Costco CEO Says It Is ‘Well Equipped’ To Mitigate Trump’s Tariffs, But Warns Of Inflation Impact On Consumers: ‘When It Rains, It Rains On Everyone’
Costco admits tariffs impact, but confident to mitigate challenges using global buying power, supplier relationships to reduce price rise. read more
Gary Black Says Walgreens Is A Company That ‘Shouldn’t Be Public,’ Cites Largest Shareholder’s Role In $10 Billion Sycamore Deal
Walgreens Boots Alliance Inc has entered into a definitive agreement to be taken private by Sycamore Partners in a deal valued at $10 billion, the company announced Thursday. The transaction, unanimously approved by Walgreens’ board, offers shareholders $11.45 per share in cash at closing. read more