Nikola (NASDAQ: NKLA) stock hit its 52-week lows on Sept. 26 and had plunged a staggering 82% year to date by yesterday’s market close. Today, shares of the electric vehicle (EV) maker skyrocketed and were up more than 25% as of noon Wednesday after the company reported record sales for the third quarter. The emphasis on “record” is important here, as you will soon understand.Nikola is finally selling more trucksNikola delivered 88 heavy-duty Class 8 hydrogen fuel-cell trucks to its dealers in Q3. It was the highest-ever third-quarter sales for the company. Deliveries also rose sequentially from 72 fuel-cell trucks…
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The newest Chevrolet Colorado offers a simpler lineup compared to the previous second-generation model. It now comes with just one crew cab and one body style, eliminating the extended cab option. When this generation first launched, it offered three different 2.7-liter four-cylinder engine outputs. However, for the 2025 model year, that has been reduced to just one engine choice. Last year, Chevrolet discontinued the “Turbo Plus” engine, and now the base-level 2.7-liter engine has also been removed. This leaves only the highest-performing version of the four-cylinder engine for 2025. Fortunately, this isn’t necessarily a drawback. With 310 horsepower and 430…
Stellantis is no stranger to vehicle recalls, having issued several this year across various models. The trend continues with the latest recall announced by the National Highway Traffic Safety Administration (NHTSA), which affects more than 154,000 Jeep Grand Cherokee 4Xe and Wrangler 4Xe vehicles. The recall impacts plug-in-hybrid Grand Cherokee and Wrangler models from 2020-2024, which are at risk of catching fire whether parked or in operation. The NHTSA advises owners to park their SUVs outdoors to prevent any potential fire from spreading to their homes and recommends that owners refrain from charging their vehicles until repairs are made. Specifically,…
Image source: Getty Images As I write today (2 October), the blue-chip FTSE 100 index is up just 0.24%. However, some Footsie stocks are doing better than this. For example, shares of defence giant BAE Systems (LSE: BA.) jumped 2.5%. This means the stock has increased almost 6% in just the first two days of October. Elsewhere, Shell and BP rose by similar amounts today. However, unlike BAE, which has vaulted 17% year to date, these two oil stocks are still down by double digits in 2024. The price of black gold has spiked The reason for today’s rise is…
After discovering that AMG buyers are willing to embrace four-cylinder hybrids as they do smartphones, Mercedes’ performance division leader made another bold claim. In an interview, AMG CEO Michael Schiebe expressed strong confidence that customers will easily transition from powerful V-8 engines to electric vehicles (EVs). “Customers who came to the brand because of the V-8 didn’t come just for the big engine,” Schiebe explained. “They came because they loved the technology we put into the car. So when it comes to electric driving, I’m confident they will embrace that new technology, as it will be the latest and greatest…
Building upon more than 70 years of local collaboration, Dow and Ducks Unlimited embark on a multi-year, multi-national partnership.The initial projects include restoration of a wildlife refuge in Michigan, U.S.A., habitat conservation in Alberta, Canada, and developing publicly available tools.This follows the announcement of Dow’s new Water & Nature strategy, including a target to conserve 50,000 acres by 2050.MIDLAND, MI / ACCESSWIRE / October 2, 2024 / With a shared commitment to supporting healthy ecosystems, Dow (NYSE:DOW) and Ducks Unlimited (DU), a recognized world leader in conservation, are announcing a new multi-year collaboration to positively impact water and nature ecosystems…
(Bloomberg) — The US dollar strengthened while Treasuries unwound the previous day’s gains following stronger-than-expected jobs numbers.Most Read from BloombergThe greenback rose to nearly a two-week high after the labor readout as traders pondered the scope of the next interest-rate cut from the Federal Reserve.The S&P 500 edged higher as the market fought to buck Tuesday’s risk-off slump after tensions flared in the Middle East. Yields on 10-year Treasuries rose to 3.79% after hitting a low of 3.69% in the prior session.Listen and follow The Big Take on Apple Podcasts, Spotify or wherever you get your podcastsData Wednesday showed US…
Image source: Getty Images The FTSE 250 recently completed its quarterly review of which stocks to add or remove from the index based on changes in their market capitalisations. The reshuffle saw Burberry join the index after falling off the FTSE 100, and easyJet just barely escaping a demotion. A popular addition was that of micro-computer manufacturer Raspberry Pi, which rose into the index after going public only four months ago. But today I’m looking at a lesser-known real estate investment trust (REIT) that joined the index last month. Its share price shot up 30% in Q3 of 2024, so…
By Michael S. Derby NEW YORK (Reuters) – Homes in the New York, New Jersey and Connecticut areas face some of the most severe risk of flooding in the U.S., a report released on Wednesday by the Federal Reserve Bank of New York said. One in 10 properties in the region “are at serious risk of flooding,” the report said, with these properties in the top 25% of the riskiest nationwide, even when more traditional areas of risk like the southeast of the United States are included. And it’s not a problem of being too close to the sea. “Flood…
A federal appeals court in Washington, D.C., cleared the way Wednesday for Americans to bet on the outcome of the 2024 congressional elections.The appeals court in a decision rejected an effort by the Commodity Futures Trading Commission to prohibit the commodities exchange KalshiEx from offering “Congressional Control Contracts” as the federal agency appealed a lower court’s ruling that gave a green light for such bets.The CFTC “has failed to at this time to demonstrate that it or the public will be irreparably injured” without a stay on the contracts being offered during that appeal, wrote Judge Patricia Millett of the…