Investing

The Hyliion Hypertruck ERX Source: Hyliion Inc. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hylioon will vote on their merger on September 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention to
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An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
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CNBC’s Jim Cramer on Thursday praised the appointment of Jane Fraser as the next chief executive office of Citigroup, making her the first woman to lead a U.S. megabank.  “The glass ceiling in banking maybe is finally cracking,” Cramer said on “Squawk on the Street.” Citi is the third-largest U.S. bank by assets.  Fraser is set to
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You knew this was coming. The market internals had been flashing warning signs for a couple weeks: very few new highs, very sloppy advance/decline line, low short interest, and a lot of talk about FOMO (Fear of Missing Out) and TINA (There Is No Alternative). All signs of frothiness. So what is this? Is this
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SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.
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Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission
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DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
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CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic.  “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.”  The Fed earlier Thursday said it would be willing to
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HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds
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Satellite antenna builder Kymeta announced Tuesday that it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product. “At the end of the day, the problem that our customers want to solve is highly reliable broadband service,” Kymeta executive chairman
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