The “breakthrough” battery system Milton stated the company was working on last yr doesn’t exist, according to the firm, and Nikola claimed to have designed technology and car parts bought from other manufactures as its own. While Nikola has refuted these claims, the SEC (and reportedly the DOJ) are investigating. The SPDR Energy Sector ETF (XLE,-5.four{265008cc4ecd59cf6d90bb1fba52c7fbc6d4587d5a207c877b430af3ea86fabe}) is the worst-performing sector of the day as oil prices sink on worries on additional COVID-19 lockdowns and a stalemate on fiscal stimulus.
The optimism of the Asian session didn’t move over into European shares which edged down as oil also fell. Read extra from opinion The best in-depth reporting from Asia and past. Armenia and Azerbaijan are getting ready to battle that may roil NATO, the Middle East and oil markets.
The president tried to enlist Hollywood to spread the word concerning the coronavirus. Shares of Asia-centered banking giants HSBC and Standard Chartered have been hit by allegations of illicit fund flows. Comments by US Federal Reserve officials recommend recovery from pandemic-led economic shock is proving to be weak.
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Cuomo Facing Backlash For Coronavirus Nursing Home Deaths
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There’s numerous nerves concerning the economic recovery amid a brand new set of lockdown restrictions in Europe, whereas Fed Chair Jay Powell kicks off a 3-day testament earlier than Congress. Earnings also resume today as Nike reports its fiscal first-quarter results after the closing bell. Activism for rejiggering a enterprise for multiples, not often generates a strong outcome, Diller added, saying that in broad phrases, when you have the manufacturing facet and supply side like Comcast, you’re hedged in all sorts of the way. “There’s no way you will get in hassle” so far as he can see on Comcast. Tesla, down about four{265008cc4ecd59cf6d90bb1fba52c7fbc6d4587d5a207c877b430af3ea86fabe}, will remain in focus forward of its Battery Day event.