Amazon has said that its plans to add custom electric delivery vans from Rivian Automotive are moving forward. Last week in a news release, the e-commerce giant said it would begin releasing the first wave of vehicles and plans to have “thousands” of the EVs delivered to at least...
On Thursday, the Nasdaq Composite index rose more than 1 percent higher amid shares of Tesla surging after a better than anticipated earnings report. The Nasdaq closed at 12,059.61 and gained 1.36 percent for the session. Meanwhile, the Dow Jones Industrial Average rose 162.06 points, or 0.51 percent higher in...
Cruise line stocks, including those for Royal Caribbean, Carnival, and Norweigan, jumped on Tuesday after the Centers for Disease Control announced that it was ending its Covid-19 cruise ship program.  The CDC’s program was designed with a color-coded system highlighting vaccination and testing statistics and required passengers to get tested....
In partnership with Pilot Co., General Motors is making plans to build and install around 2,000 electric vehicle fast chargers at 500 Pilot and Flying J locales across the U.S. highways. Pilot Co. owns the Pilot and Flying J travel centers. EVgo, an EV charging network, will install, operate,...
Virgin Galactic, a spaceflight company founded by Richard Branson, announced on Wednesday that it had a deal with Aurora Flight Sciences, a Boeing subsidiary, and an aviation and aeronautics research company. Part of the deal involves the building of two more carrier aircraft. At this time, Virgin Galactic has only...
Berkshire Hathaway has announced that it has increased its stake in Occidental Petroleum and purchased another 9.9 million shares of the company’s stock. Berkshire’s latest purchase gives the multinational conglomerate holding company a 17.4 percent stake in the hydrocarbon exploration and oil company. Berkshire, led by CEO Warren Buffett, paid...
Semiconductor and software manufacturer Broadcom has announced a plan to buy VMware in a $61 billion all-cash and stock transaction. The purchase price is based on Broadcom’s common stock price at the close of trading on May 25, 2022. The purchase of VMware will help facilitate Broadcom’s ambition to diversify...
Gap shares fell by 18 percent during premarket trading on Friday after the retailer slashed sales outlook for the first fiscal quarter of 2022. The company said that it was facing “execution challenges” for its Old Navy division and that its CEO, Nancy Green, would be departing her post...
Tech Giant Apple is buying the British startup Credit Kudos. Sources say the deal to acquire the fintech was finalized early last week. The deal is said to be worth approximately $150 million. An Apple spokesperson said Apple “buys smaller technology companies from time to time, and we generally do...
Google has announced that it plans to acquire Mandiant, a cybersecurity firm founded in 2004, to increase its protection for its cloud customers. If the deal is approved, Google is paying $23 a share, or approximately $5.4 billion, for the publicly-traded firm in a deal expected to close late...