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JetBlue CEO Comments "We Strongly Disagree With The Court's Ruling", Requests Expedited Appeal
Tuesday, January 30, 2024 - 5:14pm | 242JetBlue Airways Corporation (NASDAQ:JBLU) reported its fourth-quarter earnings on Thursday, and CEO Robin Hayes commented on the ongoing legal proceedings surrounding its proposed acquisition of Spirit Airlines, Inc. (NYSE:SAVE) during the company’s earnings call. What Happened: JetBlue said...
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Tesla Has Been Cutting Corners For Years, Blaming Defective Part Failures On 'Driver Abuse': Report
Wednesday, December 20, 2023 - 1:56pm | 651Tesla Inc (NASDAQ: TSLA) has reportedly been blaming customers for part failures even though the EV company knew the parts were defective. What To Know: Tens of thousands of Tesla owners have experienced premature failures of suspension or steering parts and many of those customers...
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Nikola Founder Trevor Milton Sentenced To 4 Years In Prison For Fraud
Monday, December 18, 2023 - 3:26pm | 467Nikola Corp (NASDAQ: NKLA) founder Trevor Milton is set to serve time in prison on federal charges after a jury found him guilty of misleading investors. What To Know: Milton on Monday was sentenced to four years in prison following a fraud conviction in which a jury decided that he lied...
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Ozempic Ingredient Gives Novo Nordisk's Kidney Trial A Positive Result: What It Means For Health Care
Thursday, October 12, 2023 - 12:23pm | 522Novo Nordisk A/S (NYSE: NVO) shares got a boost this week after the drugmaker halted trials testing potential treatment for kidney failure on early signs of efficacy. The study has implications for other drugmakers including Eli Lilly And Co (NYSE: LLY) and DaVita...
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Elon Musk, Tesla Expected To Dish Out Payments To Investors Over 'Funding Secured' Tweet
Thursday, August 24, 2023 - 2:58pm | 458Investors who lost money in Tesla Inc (NASDAQ: TSLA) stock after CEO Elon Musk tweeted about taking the company private in 2018 are expected to recoup some of their losses in the coming weeks. What To Know: The U.S. Securities and Exchange Commission (SEC) said in a new court filing...
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Altria-Backed Cannabis Producer Cronos Group Considers Sale, Stock Waivers Amid Takeover Interest
Thursday, July 6, 2023 - 3:54pm | 494Cronos Group Inc (NASDAQ: CRON) is exploring options that could include a potential sale after attracting acquisition interest, Reuters reported Thursday, citing people familiar with the matter. The Canadian cannabis producer backed by cigarette maker Altria Group Inc. (...
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Binance Slams Reuters Report On Commingling Customer Funds, Skirts Denying Wrongdoings
Tuesday, May 23, 2023 - 2:33pm | 432Patrick Hillmann, the chief communication officer of Binance, addressed a recent Reuters report that alleged Binance had commingled customer funds, pointing out several flaws in the reporting and emphasizing the transparency of Binance's operations. Notably, Hillmann did not...
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Why Boeing Stock Is Falling Today
Wednesday, March 22, 2023 - 11:27am | 346Boeing Co (NYSE: BA) shares are trading lower Wednesday following the company's presentation at the Bank of America Global Industrials Conference. Comments from CFO Brian West appear to be weighing on the stock. What To Know: West spoke at a BofA conference Tuesday...
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This Tesla Video Promoted By Elon Musk Shows Vehicle 'Driving Itself,' But Tesla Engineer Reveals It Was Staged And Car Actually Crashed Into A Fence
Sunday, March 5, 2023 - 2:21pm | 658As Tesla Inc (NASDAQ: TSLA) owners continue to wait for Elon Musk to come through on his "full self-driving" promise, recent reports indicate fully autonomous capabilities might be further away than most think, or at least that they were in 2016....
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Palantir CEO Alex Karp Touts Profitability, Artificial Intelligence Advantage, Acquisition Interest Following Q4 Earnings
Monday, February 13, 2023 - 8:29pm | 724Palantir Technologies Inc (NYSE: PLTR) shares soared in Monday's after-hours session as the data software company's surprise leap into profitability outshined its poor guidance. Here's a look at the results and what CEO Alex Karp said following the print. Q4 Revenue: $...
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Federal Judge Rules Banning Firearms For Cannabis Users Is Unconstitutional
Monday, February 6, 2023 - 9:00am | 1219Are marijuana users allowed to own guns under federal law? According to Oklahoma Federal Judge Patrick Wyrick, a federal law banning cannabis consumers from owning firearms is unconstitutional. Wyrick, who was appointed by Donald Trump, cited last year’s U.S. Supreme Court...
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World's Largest Apple iPhone Plant Hit With New Lockdowns In China: What You Need To Know
Wednesday, November 2, 2022 - 11:09am | 445China has ordered an industrial park that includes the world’s largest Apple Inc (NASDAQ: AAPL) iPhone assembly plant to enter a seven-day lockdown related to rising COVID-19 concerns. What Happened: According to a Reuters report, China has imposed COVID-19 lockdowns on a...
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One Credit Suisse Analyst Says Bank's Capital, Liquidity 'Healthy,' Another Warns Of Impending Equity Raise: What You Need To Know
Monday, October 3, 2022 - 1:05pm | 795Credit Suisse Group (NYSE: CS) is dominating headlines Monday morning amid rising concerns over the Swiss bank's financial health. What Happened: Reports suggesting Credit Suisse could be battling liquidity issues sent the lender's shares tumbling Monday morning. The bank's credit...
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'Magic Mushroom Monkey' Church Sues Oakland After Police Seize Weed, Psilocybin
Friday, August 26, 2022 - 12:44pm | 537Zide Door Church of Entheogenic Plants in Oakland, California has filed a lawsuit against the city, claiming religious discrimination, according to Reuters. What Happened: Police conducted a raid weeks ago after receiving an anonymous tip that the church was running an unregulated marijuana shop....
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Weed Smokers Not Welcome In Thailand, Says Health Minister As Country Struggles To Revive Tourism
Wednesday, August 17, 2022 - 10:53am | 499Thailand’s health minister, Anutin Charnvirakul, said Wednesday that tourists visiting the country with the sole purpose of smoking marijuana are not welcomed. "We don't welcome those kinds of tourists," Charnvirakul told reporters when asked about cannabis consumption as...