Nikola and General Motors today announced a strategic partnership. Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola’s wild fuel cell pickup truck by the end of 2022. Both companies’ shares jumped on the news, with Nikola trading up 45% and GM up 11% in pre-market trading. The…
(AP) — New York’s attorney general sued the National Rifle Association on Thursday, seeking to put the powerful gun advocacy organization out of business over allegations that high-ranking executives diverted millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures. Attorney General Letitia James’ lawsuit, filed in state court in…
In an open letter to Facebook’s leadership posted earlier today, the attorneys general from twenty states called on the company to do more to fight intimidation, discrimination, disinformation, harassment and hate speech on the platform. “Although Facebook has made some progress in counteracting the use of its platform to dehumanize and demean, that is just…
Most retailers had their sales hit deeply by the pandemic. Dollar General saw its traffic and sales surged as Americans are more budget-conscious. The dollar-store chain should continue to do well in the coming months. U.S. retail sales plunged 16.4% in April. Big chains like JC Penney have filed for bankruptcy. While most retailers are…
GE is having a bad year, but new investors are flocking to the stock in droves. The company is facing multiple headwinds due to the coronavirus pandemic. There’s chatter that the 128-year-old conglomerate is on the brink of bankruptcy. General Electric (NYSE:GE) is having an unforgettable 2020. The stock is down nearly 50% year-to-date after…
Chip Somodevilla/Getty Images U.S. Attorney General William Barr issued a warning Monday to state and local governments not to infringe on fundamental freedoms and civil rights in their enforcement of coronavirus restrictions, specifically warning against religious discrimination. In a memorandum to all U.S. attorneys, Barr began by noting that he had previously urged prosecutors to…
The New York attorney general’s office reportedly sent a sternly-worded letter to Amazon telling the company that the measures it has taken regarding the COVID-19 pandemic “are so inadequate that they may violate several provisions of the Occupational Safety and Health Act,” and firing outspoken workers sends “a threatening message to other employees.” The letter,…
Appearing Friday on Fox News Channel’s America’s Newsroom, U.S. Surgeon General Dr. Jerome Adams predicted that most of the United States will not be able to re-open for business by May 1. (Watch from 2:00) A partial transcript is as follows: ED HENRY: On that question about re-opening the country, re-opening the economy, Dr. Fauci said this…
In case you haven’t heard, VCs are loving on workplace software as of late, and productivity tools that help teams collaborate seem to be a particular frothy area of investment. A smattering of top VC firms and angels, including General Catalyst, First Round Capital, Bloomberg Beta, Biz Stone and Ellen Pao, are throwing their confidence…
The future of transportation industry is bursting at the seams with startups aiming to bring everything from flying cars and autonomous vehicles to delivery bots and even more efficient freight to roads. One investor who is right at the center of this is Reilly Brennan, founding general partner of Trucks VC, a seed-stage venture capital…
