Here’s How to Watch Tesla’s Battery Day Event

Here’s How to Watch Tesla’s Battery Day Event

Tesla’s “Battery Day” is here. Unfortunately, the market isn’t too enthused about it – at the moment. In fact, shares of TSLA are currently down more than 5%, or $24 a share.  All after Elon Musk dampened the mood, as he cautioned about hurdles to mass...

read more
Nikola Founder Trevor Milton Out as Chairman

Nikola Founder Trevor Milton Out as Chairman

Chaos continues for Nikola (NKLA), as Trevor Milton steps down from his roles as executive chairman and member of the board.   The news comes just days after Hindenburg Research attacked the company “an intricate fraud,” adding, “We have gathered extensive...

read more
Exclusive: U.S. shale producer Devon in talks to acquire peer WPX

Exclusive: U.S. shale producer Devon in talks to acquire peer WPX

By David French NEW YORK (Reuters) - U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a company worth around $6 billion, people familiar with the matter said on Saturday. The deal talks...

Qatar Airways reports $1.92 billion loss amid coronavirus crisis

Qatar Airways reports $1.92 billion loss amid coronavirus crisis

DUBAI (Reuters) - Qatar Airways reported a loss of 7 billion riyals ($1.92 billion) on Sunday for the year ending March 31, as the coronavirus crisis hurt the aviation industry around the world. The airline also disclosed it had received a 7.3 billion riyal advance...

China’s industrial profits grow for fourth straight month

China’s industrial profits grow for fourth straight month

SHANGHAI (Reuters) - Profits at China's industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday. China's recovery has been gaining momentum as...

Commerzbank poaches Deutsche Bank’s Knof as new CEO

Commerzbank poaches Deutsche Bank’s Knof as new CEO

FRANKFURT (Reuters) - German lender Commerzbank <CBKG.DE> has poached a senior executive of its larger rival Deutsche Bank <DBKGn.DE> to assume the role of chief executive, filling a leadership vacuum after months of turmoil. Manfred Knof, head of Deutsche...

Daimler’s designated chairman Zetsche renounces job

Daimler’s designated chairman Zetsche renounces job

FRANKFURT (Reuters) - Daimler's Dieter Zetsche will not seek to become chairman of the German carmaker's supervisory board, he told Frankfurter Allgemeine Sonntagszeitung newspaper. Zetsche, 67, a former chief executive of the company which owns the Mercedes-Benz...

Related Content