Category: Business

Electric van and bus maker Arrival is wrestling with the global pandemic like other UK firms, but not because of a lack of business. Arrival is fielding four to five times the number of queries from potential customers compared with a year ago as soaring e-commerce during the pandemic and changing emissions regulations have fueled […]

Joe Youngblood, who works in digital marketing in Dallas, Texas, bought his first share of GameStop at $98 in early February and found his investment cut in half in a matter of days. After a wild ride, he is now up more than 200% and expects the video game retailer to initiate a much-awaited turnaround […]

A decade after Japan’s devastating nuclear meltdown, the governor of Fukushima hopes the prefecture can step out of the shadow of disaster and become a symbol for green energy, although some residents are sceptical. The March 11, 2011 earthquake and tsunami ravaged northeast Japan and crippled the Dai-ichi nuclear plant. It also triggered widespread opposition […]

Canadian exercise apparel brand Lululemon (LULU.O) issued statements on Tuesday apologizing for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online. The hashtag “Lululemon insults China” was viewed 204 million times on China’s Weibo platform by Tuesday afternoon, with some commentators demanding […]

Ten of the world’s largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars. The proposed class action filed on Tuesday in federal court in Manhattan said the banks […]

The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed. The Federal Housing Finance Agency said it would cap the number of payments mortgage companies must advance to investors in some government-backed mortgage bonds […]

Virgin Galactic Holdings Inc (SPCE.N) Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month. The IPO represents a rare example of a stock market debut braving the volatility fueled by the economic fallout of the pandemic. Only […]