Lucid Group Receives Subpoena Over Blank-Check Transaction
The United States Securities and Exchange Commission has subpoenaed documents from Lucid Group Inc. amid an investigation into its blank-check transaction, Reuters reported. In a regulatory filing, Lucid said it...
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Elon Musk’s Tesla Stock Sale Tops $10B Mark After Selling $1.01B More Shares
Elon Musk has sold another batch of Tesla shares to meet his tax obligations, according to a report by MarketWatch on Thursday. The Tesla Boss sold 934,091 shares of the...
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Didi Shares Rise on Plans to Delist from NYSE and Potential Hong Kong Debut
Ride-hailing firm Didi Global Inc is set to delist its shares from the New York Stock Exchange (NYSE), according to a report by SeekingAlpha on Thursday. The Company’s board has...
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Nuclear-Fusion Startup Raises over $1.8B From Big-Name Investors
Commonwealth Fusion Systems reported it had raised over $1.8B in the biggest private deal for nuclear fusion, according to a report by The Wall Street Journal on Wednesday. Big-name investors...
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Nio Deliveries Climb 105% to Mark Fresh Record High
Chinese carmaker Nio Inc. posted triple-digit delivery growth in November to carve a fresh record high, the company announced in a statement. The carmaker recorded 10,878 deliveries for the month,...
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Facebook Owner Meta Directed to Sell Gif Sharing Site Giphy by UK Regulator
UK’s competition regulator directs Facebook owner Meta Platforms to dispose of animated images platform Giphy, according to a report by Reuters on Tuesday. The Competition and Markets Authority (CMA) stated...
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Bill Ackman Believes Mild Symptoms of Omicron Variant Positive for Equities
Popular investor Bill Ackman believes that stocks would benefit should the COVID-19 Omicron variant would only cause mild symptoms, Markets Insider reported. Ackman took to Twitter to say that while...
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Plant-Based Meat Alternatives Sales See Drop Following Lockdown-Driven Surge
Plant-based meat alternatives have started to see a drop in sales following the surge brought about by the COVID-19 pandemic in 2020, FT reported. Data released by retail data group...
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Black Friday Crowds Record Double-Digit Growth Amid ‘COVID Fatigue’
American shoppers drawn to physical stores over the Thanksgiving holiday weekend grew by double digits versus the same period last year, WSJ reported. RetailNext reported a 61% growth in-store traffic...
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Nissan to Invest 2 Trillion Yen in Long-Term Roadmap Ambition 2030
Japanese carmaker Nissan Motor Co. Ltd. is set to invest 2 trillion yen over the next five years as part of its Ambition 2030 long-term vision, the company announced in...
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Pinduoduo Shares Plunge on Missed Revenue Estimates
Shares of Chinese e-commerce giant Pinduoduo Inc sank nearly 19% after the company missed quarterly revenue estimates, according to a press release by Pinduoduo on Friday. Pinduoduo posted total revenue...
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Beijing Intensifies Pressure on Tech Industry With New Proposed Ad Rules
China’s market watchdog proposed new rules that would tighten online advertising oversight, including ads that should not mislead users, according to a report by Reuters on Friday. Chinese authorities have...
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