Nikola admits ousted chairman misled investors as legal costs mount
The fees are part of increased legal expenses of $27.5 million primarily related to regulatory/legal matters in connection to fraud claims by a short seller.
CNBC US News
Senators call to expand Covid aid plan designed to keep employees on the payroll
Nine senators want to expand the employee retention tax credit as part of the $1.9 trillion coronavirus relief package.
Personal income leaps 10% in January thanks to stimulus, but inflation still in check
Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.
$15 minimum wage not allowed in Biden's Covid relief bill, Senate official says
Senate parliamentarian Elizabeth MacDonough's ruling on the minimum wage derails a Democratic priority in the $1.9 trillion relief bill.
Stocks making the biggest moves in the premarket: Foot Locker, Beyond Meat, DoorDash & more
The stocks making the biggest moves in premarket trading include Foot Locker, Beyond Meat, DoorDash, and more.
Israeli data suggest mass vaccinations led to drop in severe Covid cases, CDC study finds
"Taken together, these results suggest reduced rates of severe COVID-19 following vaccination," the researchers wrote.
Coinbase prospectus lacks key trading details for investors who want in on the direct listing
In Coinbase's direct listing prospectus on Thursday, the company provided almost no indication about how private investors value the stock.
CDC study finds nursing home residents who appear to have recovered from Covid were reinfected with an even worse case
A new CDC study released on Thursday suggests some people may be susceptible to coronavirus reinfection and could have worse outcomes later on.
Biden isn’t going to make Saudis a ‘pariah' despite Khashoggi, says foreign policy expert
Michael O'Hanlon explains why President Joe Biden will not make Saudi Arabia “a pariah” due to the economic and military relationship at stake.
Facebook is 'looking at' facial recognition technology for upcoming smart glasses, executive confirms
Facebook's head of hardware on Thursday confirmed a report that the company is considering facial recognition technology for its upcoming smart glasses devices.
China seems to be living up to trade deal pledges, Biden's Agriculture secretary says
Agriculture Secretary Tom Vilsack believes China is making good on promises it made as part of the phase one trade deal.
Airbnb reports $3.89 billion loss in first quarterly report since IPO but beats revenue expectations
Airbnb attributed much of the loss to charges related to the company's initial public offering in December.
Virgin Galactic delays next spaceflight test to May, with commercial service launch pushed to 2022
Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May.
Salesforce revenue up 20% from last year, forecast calls for similar growth rate
The impact of Slack could be cutting in to Salesforce's earnings for the full fiscal year.
House passes Equality Act which would expand LGBTQ protections
The House on Thursday passed legislation that would extend existing civil rights law to include sexual orientation and gender identity as protected characteristics.
DoorDash stock falls after company drops first earnings report since going public
DoorDash stock fell Thursday after the company dropped its first earnings report since going public in December.
Beyond Meat strikes deals with McDonald's, Yum but shares fall on wider quarterly loss
Beyond Meat has struck deals with fast-food giants McDonald's and Yum Brands.
AT&T to spin off DirecTV, AT&T TV Now and U-Verse into new company valued at $16.25 billion
The transaction values the new business, called DirecTV, at $16.25 billion.
Coinbase's crypto holdings jumped ninefold last year to over $300 million as bitcoin surged
According to Coinbase's direct listing prospectus on Thursday, the company held $316.1 million worth of crypto assets on its balance sheet as of Dec. 31.
FAA fines Boeing $6.6 million over compliance and quality-control lapses
The FAA fined Boeing $6.6 million over compliance and quality control lapses.
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