Monday, 21 September 2020

Nikola share slump deepens as founder resigns

Nikola share slump deepens as founder resigns

Shares of electric-truck maker Nikola Corp tumbled as much as 30% on Monday after founder Trevor Milton stepped down following claims of nepotism and fraud by a Wall Street short-seller that have drawn interest from U.S. regulators.

SoftBank, General Atlantic invest $107 million in Brazil's Acesso Digital

U.S. private equity firm General Atlantic LLC and Japan's SoftBank Group Corp are leading a 580 million reais ($107.25 million) funding round in Brazilian facial biometrics and digital admission company Acesso Digital, it said in a statement on Monday.

Supreme Court fight after Ginsburg's death could impact economy

President Donald Trump's bid to quickly fill the U.S. Supreme Court vacancy left by Friday's death of liberal Justice Ruth Bader Ginsburg could end the already remote chance of a pandemic relief package before the Nov. 3 election, bank analysts say.

Traders shun risky assets as new lockdowns loom

Stocks across the world hit their lowest in seven weeks and other risk assets sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.

Wall Street slides to seven-week low on new lockdown fears

Wall Street's main indexes slid to seven-week lows on Monday, with the S&P 500 and Dow each tumbling more than 2%, as concerns about fresh coronavirus-driven lockdowns in Europe raised fears the U.S. economy faces a longer road to recovery than expected.

Volkswagen ID.4 electric SUV to come with three years of unlimited charging

Volkswagen AG will provide owners of its ID.4 compact electric sport utility vehicle with three years of unlimited charging in the United States at no additional cost to the vehicle's price, the German automaker said on Monday.

Streaming service Quibi explores strategic options, including sale - WSJ

Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring several strategic options including a possible sale, the Wall Street Journal reported on Monday, citing people familiar with the matter.

RBC online banking, trading inaccessible due to 'technical issues'

Royal Bank of Canada's online banking and retail trading platforms, as well as its telephone support system, have been down since Monday morning, with users receiving error messages attributing the failures to "technical issues."

ByteDance, Oracle at loggerheads over terms of TikTok agreement

ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump's preliminary blessing of the deal.

Chinese leaders split over releasing blacklist of U.S. companies - WSJ

Beijing has sped up development of a blacklist that could be used to punish U.S. technology firms, with Huawei Technologies Co Ltd rival Cisco Systems Inc among the companies seen as likely to be included in the list, the Wall Street Journal reported on Monday.

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