[ad_1] General Motors and Nikola, a high-profile start-up aiming to produce electric trucks, said on Monday they had reached an agreement to work together solely on hydrogen fuel cells, replacing a larger alliance they had initially defined in September. The new deal asks GM to sell the fuel cell technology to Nikola. Gone are the … Read more
[ad_1] Cameron (left) and Tyler (right) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of the Gemini cryptocurrency, Tyler and Cameron Winklevoss are seeing bitcoin gain more than 25 times its current value as more investors embrace cryptocurrency as a hedge against inflation. “We believe this will be the best performing asset of … Read more
[ad_1] Will you get another raise test if this one is approved? Not everyone will. Sarah Tew / CNET Yes another stimulus plan passes, it is possible that more than half of the American population second stimulus up to $ 1,200 per person. While some people may less money in another round, there are others … Read more
[ad_1] Shares of China Automotive Systems Inc. CAAS, + 74.41% soared 96.9% on high volume, to beat all of the pre-market winners on Monday, after the Wuhan, China-based company so far said it had shipped approximately 120,000 of its electric power steering products for use in electric vehicles made in China. Trading volume reached 3.9 … Read more
[ad_1] Moderna has become the latest company to announce that it will seek emergency use authorization for its coronavirus vaccine candidate. In a statement regarding EUA’s filing plans, the company said it expects to have up to 20 million doses available by the end of 2020, and up to 1 billion doses. available globally in … Read more
[ad_1] An interest rate that banks around the world use as a benchmark for short-term borrowing will be phased out and eventually replaced by June 2023, the Federal Reserve said on Monday. The Fed was joined by UK regulators in announcing plans for the London Interbank Offered Rate, commonly known as LIBOR. According to the … Read more
[ad_1] Salesforce’s deal to buy Slack is expected to be announced on Tuesday after markets close, sources told CNBC’s David Faber. The deal is expected to be half the cash and half the shares, the sources say, and will cost Slack a premium over its current price. Salesforce is expected to release its quarterly results … Read more
[ad_1] Close-up of sign for gig economy app Doordash meal delivery at a restaurant in Lafayette, California. Smith Collection | Gado | Archive photos | Getty Images Leading food delivery app DoorDash seeks to raise up to $ 2.8 billion on its IPO, giving it a valuation of up to $ 32 billion on a … Read more
[ad_1] Banks have released a flood of forecasts for 2021 reflecting this attitude, anticipating a strong “V” shaped recovery that will materialize shortly. “Following encouraging early data on vaccine efficacy, we remain confident that vaccines will be widely available by the second quarter of 2021,” UBS said in a report to clients titled “A Year … Read more