Chinese EV brand Zeekr is now worth more than Xpeng
Electric car brand Zeekr was backed by Geely, Zeekr is now valued at $13 billion after an increase of $750 million from CATL and others. […]
Category: Business
$100 million New Jersey deli fugitive Peter Coker Jr agrees to extradition to U.S from Thailand
A fugitive wanted on stock manipulation charges related to losing money at a New Jersey deli once valued at $100 has agreed to be taken […]
After shareholder backlash, Apple CEO Tim Cook accepts a 40% pay cut.
Apple Inc. is reducing Chief Executive Officer Tim Cook’s pay by more than 40% to $49 million in 2023, mentioning investor guidance and Cook’s request. […]
Tesla’s Texas factory expansion costs $770 million
According to the department of licensing and registration of Texas state, Tesla has registered its factory in Austin. Tesla plans to invest $770 million in […]
Coinbase consent on $100 million settlement with DFS led shares to spike over 12%
As claimed by the New York State Department of Financial Services, the digital currency trading platform, Coinbase is ceaselessly swerving from its internal policy and […]
Exxon, Chevron Cornerstone on Oil Projects in the Americas
Key Takeaways: More than 70% of Exxon’s capital investments will be deployed in strategic developments in the U.S. Permian Basin. The two largest U.S. oil […]
Southwest Airlines predicts that the holiday meltdown would “definitely” affect the fourth-quarter performance
Thousands of customers were stranded due to system-wide chaos drawing scrutiny from Washington over the holiday week. In a last-ditch effort to stabilize its business […]
Goldman Sachs unveils plan to cut jobs amid global economy fears Goldman follows Wall Street layoff season with a plan to cut jobs
A source familiar with this matter stated that (GS.N) – Goldman Sachs Group Inc plans to cut thousands of its staff members to navigate a […]
How the Bank of America achieved a sensational recovery from the brink of collapse?
The 2008 financial crisis had a devastating effect on the Bank of America. The bank shares were trading for as low as $2.53 in 2009. […]
Why Does SPAC Boom End in Frenzy of Liquidation?
What It Covers? Data shows that SPAC creators have lost more than $600 million on liquidations this month and more than $1.1 billion this year. […]