GameStop seeks share split amid renewed meme-stock hype
Video game retailer GameStop Corp (GME.N) said on Thursday it would seek shareholder approval for a stock split, aiming to become the latest U.S. company to make it easier for retail investors to own its shares.
Here’s how the companies making headlines fared during Friday’s midday trade
Oil prices were expected to decrease for the second week in a row, but after unpredictable trading this week, they reached a floor of over $100 a barrel on Friday, with no obvious replacement for Russian barrels insight in a market already constrained by supply. After surging almost 9% on Thursday, Brent crude futures were […]
Tesla fired an employee who reviewed their driverless technology on YouTube
Last month Tesla fired an Autopilot employee. He was fired for sharing driverless tech reviews on his YouTube channel. John Bernal runs the YouTube channel AI Addict, where he posts videos of himself driving a Tesla and using its Full Self-Driving (FSD) feature. He was being candid about how Tesla’s Full Self Driving Beta system […]
Analysis: Ukraine invasion sets back Musk’s dream for cheaper EVs, for now
Surging raw materials costs, made worse by Russia’s invasion of Ukraine, could set back the dream of Tesla (TSLA.O) Chief Executive Elon Musk and other auto executives to roll out more affordable electric vehicles.
EXCLUSIVE Ford set to announce plans to run EV, ICE as separate businesses -sources
Ford Motor Co (F.N) on Wednesday will announce a reorganization under which its electric vehicle (EV) and internal-combustion engine (ICE) units will be run as separate businesses in a move to fast track growth in EVs, three people familiar with the plan said.
Ford to make new investment of up to $20 billion in EV push- Bloomberg News
Ford Motor Co (F.N) is planning additional investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.
Panasonic’s Q3 profit slides as material costs rise and appliance sales fall
Japan’s Panasonic Corp (6752.T) on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and a drop in domestic sales for appliances.
Cadence Design Systems aims to cash in on new custom-chip era
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
Ford crosses $100 bln in market value for the first time
Ford Motor Co’s (F.N) market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker’s electrification strategy.
Mercedes-Benz unveils 1,000 km-per-charge VISION EQXX prototype
Mercedes-Benz (DAIGn.DE) on Monday took the wraps off its battery-powered VISION EQXX prototype which it says will have a range of more than 1,000 kilometres (km) per charge, taking a big stride in its electric vehicle (EV) ambitions.
