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Wednesday, September 23, 2020

Nikola Founder Trevor Milton denies allegations of fraud amid GM merger and SEC, DOJ...

The stock of Nikola Motor Corporation (NKLA: NASDAQ), the electro-hydrogen car start-up, has been on a wild ride for the last week. The company's...
OnePlus Buds

CBP seizes 2,000 genuine OnePlus Buds, not counterfeit Apple AirPods

The U.S. Customs and Border Protection (CBP) mistakenly seized what they thought were “2,000 counterfeit Apple Airpod Earbuds.” In reality, they weren’t fakes. They...

Senators demand Jeff Bezos to stop selling fire hazard AmazonBasics products 

Three Democratic Senators demanded Amazon.com. Inc (NASDAQ: AMZN) CEO Jeff Bezos to recall fire hazard AmazonBasics products after CNN reported that the e-commerce giant...

Electronic Arts class-action suit — are loot boxes gambling or gaming?

The Aug. 13 class-action lawsuit (Kevin Ramirez vs Electronic Arts) reflects the still unanswered questions about online game loot boxes in the U.S. and...

McDonald’s scrutinizes Fairhurst’s role in Easterbrook severance suit

McDonald’s is taking a closer look at David Fairhurst, who was head of Human Resources during the investigation of its former CEO, Steve Easterbrook.  Fairhurst...

Amazon Prime Air gets “air carrier” approval from FAA

Getting a 30-minute drone delivery of an Amazon package flown into your backyard is one step closer to becoming a reality. The Federal Aviation Administration...

Goodyear experiences market dip as Trump calls for boycott

Goodyear Tire & Rubber Co. reported significant losses on Wednesday following a tweet from President Trump calling for a complete boycott of the company...

Former McDonald’s CEO Steve Easterbrook fights for his severance 

Ex-CEO Steve Easterbrook, 53,  responded to McDonald’s lawsuit that aims at taking back his separation package. When he was fired “without cause” in November...

Trumid Financial secures $200M in latest funding round

Trumid Financial, LLC, announced that it secured $200 million in growth capital investment from the Dragoneer Investment Group in its latest funding round. TPG,...

Stein Mart files for bankruptcy joining other big-name retailers

Nationwide discount store chain Stein Mart, Inc. filed for Chapter 11 bankruptcy on Wednesday. “The combined effects of a challenging retail environment coupled with the...

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Activist Trian Fund sets its sights on Comcast, says company’s stock...

Activist Trian Fund Management LP has purchased a $900 million or 0.4% stake in media giant Comcast Corporation (NASDAQ: CMCSA), betting that the company's...