ATIF Holdings Jump 17% After Investing in Phoenix Motor Inc.
(ATIF) Shares of ATIF Holding Ltd rose more than 17% on Thursday after it disclosed an investment in electric vehicle Company Phoenix Motor Inc. ATIF President and CEO Jun Liu…
Toyota’s Stake in Uber Halves After Ride-Sharing Firm Sold Autonomous Driving Unit
(Bloomberg) Toyota reported a holding of 22.4 billion yen or $165 million worth of shares in Uber in the fiscal year ending March. The holding is down from 61.9 billion…
DoorDash Rivals Canadian Instacart in Partnership With Grocery Firm Loblaw
(FT) DoorDash has partnered with Canada's leading grocery chain Loblaw to increase its delivery footprint in the country. The partnership allows DoorDash to build warehouses for Loblaw, which will handle…
CATL Stock Jumps 5% After Unveiling an EV Battery Covering 1,000 Km per Charge
(Bloomberg) Shares of Contemporary Amperex Technology Co. Ltd rose nearly 6% on Thursday after unveiling an electric car battery that can cover 1,000 kilometers or 620 miles per charge. The…
eBay Broadens Digital Asset Portfolio With Acquisition of NFT Platform KnownOrigin
(eBay) E-commerce platform eBay has announced the acquisition of the nonfungible asset marketplace KnownOrigin. eBay says the acquisition is a step toward a tech-led reimagination that enables it to become…
Bankrupt Revlon Extends Gains to Almost 300% in 5 Days on Growing Retail Frenzy
(Bloomberg) Shares of Revlon rose 21% in premarket on Wednesday, extending gains after closing up 62% the previous day amid a social media-driven retail frenzy. In just five days, Revlon…
Cobalt Prices Slide Faster in China. A Boost to the EV Sector?
(Bloomberg) Europe’s benchmark price for cobalt has fallen by more than 13%, while declines in China have been higher amid deteriorating demand. Shanghai, which was hit by lockdowns, is one…
Valneva Gains 83% As Pfizer Invests $95M for Its Lyme Disease Program
(Valneva) Shares of Valneva SE jumped more than 83% on Tuesday following news Pfizer will invest €90.5 million or $95 million in the company. Valneva said that the deal involved…
Elon Musk Outlines 3 Key Issues That Twitter Needs to Resolve Before Deal
(CNBC) Elon Musk’s Twitter acquisition remains uncertain after the billionaire cited “unresolved matters” before he could finalize the deal. The lingering issue of fake accounts is one that Musk has…
Kellogg Announces Plan to Split Into 3 Entities to Unlock Value, Shares Jump 6%
(Kellogg) Shares of Kellogg 6% in premarket on Tuesday after announcing plans to split into three independent public companies. The split will see Kellogg divide into iconic brands of snacking,…
JetBlue Submits an Improved $33.50 a Share Offer for Spirit Airlines
(JetBlue) JetBlue Airways has increased the offer for Spirit Airlines to $33.50 per share as it rivals Frontier in potential acquisition of the budget carrier. The new offer price is…
Revlon Jumps 70% on Reported Deal by Reliance Industries
(ET) Shares of Revlon Inc. rose more than 70% on Friday after reports emerged that Reliance Industries Ltd was considering making a bid. The reported offer by Reliance, which is…