Nikola taps its president for CEO post

Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the...

Nikola CEO Mark Russell to retire at the end of the year

Nikola's CEO, Mark Russell, will retire at the end of 2022. He will be replaced by Michael Lohscheller, the former Opel CEO. Loh Scheller, who leads Nikola's truck-making operation, will become...

Nikola CEO Mark Russell to retire at the end of the year

Nikola's CEO, Mark Russell, will retire at the end of 2022. He will be replaced by Michael Lohscheller, the former Opel CEO. Loh Scheller, who leads Nikola's truck-making operation, will become...

H&R Block Shares Up 4% on Q4 Beat, Strong Guidance, & New Share Buyback

By Davit Kirakosyan Investing.com - H&R Block shares rose around 4% after-hours following the company’s reported Q4 results, with EPS of $1.43 coming in better than the consensus estimate of...

Argentina's central bank likely to raise interest rate this week, say traders

By Jorge Otaola BUENOS AIRES - Argentina's central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country's high inflation, market participants...

Pre-Open Movers: Nielsen Climbs 20%, AppLivin Makes Offer for Unity

BBQ Holdings Inc. +46%; entered into a definitive merger agreement under which MTY would acquire all of the issued and outstanding common shares of BBQ Holdings for cash consideration of US$17.25...

Shrinking U.S. cattle herd signals more pain from high beef prices

By Tom Polansek CHICAGO - U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a...

Alibaba Receives Approval for Primary Listing on Hong Kong Stock Exchange

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore...

AIG Reports Q2 EPS Beat, Delays its Unit IPO Plans

AIG reported its Q2 results, with EPS of $1.19 coming in better than the consensus estimate of $1.07. General Insurance combined ratio of 87.4% improved by 510 basis points from Q2/21,...

When Work Isn't Working: How to Help Burnout

Weber's CEO gets the boot from the board of directors.

Trump's social media platform Truth Social, buyer need extension to complete merger

Digital World Acquisition Corp. and Truth Social can't reach a merger deal. The cut-off date to complete the merger is Sept. 8, 2022, and Digital World is looking to extend that by a year. "Our...

Trump's platform Truth Social, buyer need extension to complete merger

Former President Donald Trump's social media platform Truth Social and blank-check company Digital World Acquisition Corp. could not reach a merger deal by the cut-off date and will require an...

Trump's social media platform Truth Social, buyer need extension to complete merger

Digital World Acquisition Corp. and Truth Social can't reach a merger deal. The cut-off date to complete the merger is Sept. 8, 2022, and Digital World is looking to extend that by a year. "Our...

Credit Suisse says it has no big exposure to Mexico's Credito Real

ZURICH - Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican...

Brazil's Eletrobras brings back former CEO and elects new chairman

Wilson Ferreira Junior will take office by Sept. 20, returning to the position after serving as Eletrobras' CEO from 2016 to 2021. Outgoing CEO Rodrigo Limp will stay in the company as regulations...

SAS pilots support SAS wage deal, won't resume strike

STOCKHOLM - Swedish, Danish and Norwegian pilot union members have voted in favour of adopting the collective bargaining agreement reached with airline SAS last month, the labour unions said in...

Brazil's Eletrobras elects new CEO and chairman

SAO PAULO - The board of directors of Brazilian power company Eletrobras on Friday elected Wilson Ferreira Junior as its new chief executive and Ivan de Souza Monteiro as the chairman of the...

Trump social media deal can't close on time, needs extension, buyer says

- Digital World Acquisition Corp, the blank-check company taking former U.S. President Donald Trump's Truth Social app public, on Friday announced a special meeting of shareholders to approve an...

Leslie's, Inc. Stock Tumbles as Guidance Disappoints

By Sam Boughedda Leslie's Inc shares fell Friday after the company reported earnings missing analyst expectations on earnings, revenue and guidance. The swimming pool supplies retailer posted...

Hyzon Motors Tumbles After Announcing Investigation into China Operations

By Sam Boughedda Hyzon Motors Inc shares plunged over 40% Friday following a filing by the company aftermarket Thursday that revealed the company's Board of Directors hired an independent outside...

Ukraine buries agricultural 'titan' killed in missile strike

KYIV - Orthodox chants of mourning resounded in a packed central Kyiv cathedral on Friday as Ukraine buried an agricultural tycoon with his wife after they were killed in a missile strike that...

Big U.S. chicken company, Mountaire, asks contractors to oppose transparency rule

By Leah Douglas WASHINGTON - Mountaire Farms, a top U.S. chicken company, is pressuring its contract farmers to oppose a Biden administration proposal aimed at improving their conditions because...

Trump ally takes on Walker protégé in Wis. governor's race

MADISON, Wis. (AP) — Republican hopes to reclaim a crucial governor’s seat in swing-state Wisconsin this year long appeared to rest on Rebecca Kleefisch, a former TV news anchor who spent eight...

Atlas Air to be Taken Private by Investor Group Led by Apollo Global

Breaking News By Sam Boughedda Atlas Air is set to be taken private by an investor group led by Apollo Global Management (NYSE:APO) in an all-cash transaction with an enterprise valuation of...

MicroStrategy’s $2,983,077,000 Bitcoin Trove Not for Sale After CEO Michael Saylor Steps Down

Michael Saylor has stepped down as CEO of MicroStrategy, but the company will continue to acquire and hold Bitcoin. Saylor will be its new executive chairman effective August 8th. The executive is...

Crypto: Michael Saylor drops Microstrategy CEO role

MicroStrategy Inc. president Phong Le will take on the CEO position starting Aug. 8. Michael Saylor drops his role as chief executive officer. MicroStrategy’s CEO position will be filled by the...

eBay Reports Q2 Beat, Provides Guidance

By Davit Kirakosyan eBay reported its Q2 results, with EPS coming in at $0.99, better than the consensus estimate of $0.89. Revenue was down 9% year-over-year (down 6% on an FX-neutral basis) to...

Crypto World Reacts to Michael Saylor’s Resignation

The stepping down of MicroStrategy Inc. co-Founder and CEO Michael Saylor has stepped down from his position, drew a spectrum of reaction from the crypto community. Crypto community mocks...

MicroStrategy’s $2,983,077,000 Bitcoin Trove Not for Sale After CEO Michael Saylor Steps Down

Michael Saylor has stepped down as CEO of MicroStrategy, but the company will continue to acquire and hold Bitcoin. Saylor will be its new executive chairman effective August 8th. The executive is...

MicroStrategy CEO Michael Saylor Steps Down as Phong Le Takes Over

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide...

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