Chinese electric car start-up Nio will reduce its monthly vehicle production capacity by 25% in the second quarter due to a shortage in semiconductors and batteries, according to a report.…
Zoom Video Communications Inc. reported a surge in its bottom line during the fourth-quarter and full fiscal year 2021 period as lockdowns across the globe pushed demand for video communications…
Petaluma City in California outlawed the construction of new gas stations and additional pumps at existing stations as part of plans to completely phase out carbon emissions by 2030, according…
Private equity firm BC Partners is now considering the sale of European generic drugmaker Pharmathen estimated at $1.8 billion, according to a report. BC Partners is speaking with potential advisers…
Senate Democrats will no longer push through with plans to raise workers' pay through tax penalties against corporations in the proposed $1.9-trillion stimulus, according to a report. Several lawmakers previously…
Multinational retailer Walmart Inc. tapped two top officials of the Goldman Sachs Group to lead its new fintech startup, according to a Bloomberg report. Walmart hired Goldman Sachs consumer banking…
Warren Buffett's Berkshire Hathaway Inc. spent $24.7 billion to buy a record number of its shares in 2020 with more repurchases to come, the tycoon said in his annual letter…
Social media platform Twitter Inc. expects to double its annual revenue to at least $7.5 billion in 2023 from $3.7 billion in 2020, the company announced in a filing to…
Moderna Inc. has raised its manufacturing plans for the next two years, according to the company’s press release. The biotechnology company targets to increase capacity to 1.4 billion doses of…
Tesla Inc. suspends production of Model 3 in Fremont, California from February 22 to March 7, according to a Bloomberg report citing an unnamed source. Impacted staff advised to take…
GameStop Corp. shares surged 50% early Thursday as a short squeeze pushed a 1,600% rally. "Stonks" or retail traders on social media sites such as Reddit's WallStreetBets jumped back into…
Britain’s Supreme Court ruled on Friday that a group of Uber drivers are entitled to workers’ rights such as minimum wage, according to Reuters. The ruling is a blow to…