Hyliion Completes SPAC Deal, Begins Trading Under Its Own Name
Following a one-day delay, electric truck component maker Hyliion made its debut on the New York Stock Exchange Friday in a reverse merger with a blank-check company.
All Work
Paul Ausick
US Consumer Sentiment Rises in September
Consumer sentiment rose again in September according to the University of Michigan's monthly survey. The optimism is not evenly distributed among households, however.
Jobs Report Beats Estimates but Remains in Deep Hole
The U.S. unemployment fell to 7.9% in September as 661,000 people found jobs.
Tesla Delivered 50,000 More Vehicles in Q3 Than in Q2
Tesla on Friday announced record vehicle deliveries for the third quarter. The total, however, was a bit short of expectations and investors were not pleased.
Walmart Figures It Doesn’t Need a British Grocery Chain After All
Walmart has announced the sale of its U.K. grocery chain, Asda, for about $8.8 billion. The U.S. retailer will retain a stake in Asda and take an after-tax noncash write-off of $2.5 billion and…
7 Coming SPAC IPOs in Electric Vehicles and Green Technologies
Entering the public equity markets by means of a reverse merger appears to all the rage these day. Here are seven companies that are expected to make the move by the end of the…
How a New CEO at Ford Plans to Turn the Automaker Around
Thursday is new Ford CEO Jim Farley's first day on the job. To mark the occasion, he has announced some changes in top management and a broad outline of where Ford is going to…
These Are the 10 Cities With the Most Wildfire Risk
Destruction from wildfires is not limited to small cities and towns located away from major U.S. cities. Here are the 10 metro areas that have higher risks for wildfire damage and the highest levels…
These Are the 15 States With the Most Wildfire Risk
U.S. wildfires cause billions of dollars in damage to homes and property every year. A new report from CoreLogic shows the 15 states where the destruction is greatest.
September Job Cuts 186% Higher
In the first nine months of 2020, U.S. companies have announced nearly 2.1 million job cuts, already more than the record full-year total set in 2001.
Ford Recalls 700,000 Vehicles for Rearview Camera Failures; Drops Price of Mustang Mach-E
Ford has announced a recall of more than 700,000 model year 2020 vehicles to replace a defective rearview camera. The company also confirmed a price cut on its 2021 all-electric Mustang Mach-E.
Can a Super-Utility Arise From a Merged Duke and NextEra?
Duke Energy reportedly has received and rebuffed an overture from NextEra Energy to merge. Could it pass regulatory scrutiny?
Did GM Burst Nikola’s Bubble?
The deal between GM and Nikola was supposed to have been closed today. Instead, the companies are still negotiating following a series of events that have occurred over the past few weeks.
Why Boeing Will Shut Down 787 Production in Washington
The Wall Street Journal reports that Boeing will disclose plans this week to move all production of its 787 Dreamliner to South Carolina, a change virtually guaranteed to reduce its unionized workforce in Washington.
Oasis Petroleum Joins Oil and Gas Bankruptcy Parade
Oil and gas producer Oasis Petroleum filed a prepackaged bankruptcy plan Wednesday morning that the company expects to be accepted by November.
Arch Resources, Peabody Sink as Federal Judge Kills Joint Venture
A proposed joint coal mining venture in the Powder River Basin between Arch Resources and Peabody Energy has been stopped by a federal judge in St. Louis.
Is Data the Oil of the Future?
Some of the world's largest oil traders are beefing up their technology chops, hiring more data scientists to help them garner insights into price movements from the masses of available data. One oil major…
Retail Bankruptcies, Store Closures on Record Pace
2020 is on track to see the highest number of retail bankruptcies and the highest number of store closures ever.
US Energy Buys Oil and Gas Assets Out of Bankruptcy
Independent oil and gas producer U.S. Energy has acquired the producing assets of bankrupt FieldPoint Energy for $500,000.
Ageism Is Rampant in COVID-19 Era
Older workers who lost their jobs due to the coronavirus pandemic have dropped out of the workforce or are having more difficulty finding new jobs than are younger workers.