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Trevor Milton CEO of NikolaMassimo Pinca | ReutersTrevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to drive up the value of Nikola's stock.Milton was charged with two counts…
Walgreens Boots Alliance on Thursday exceeded fiscal fourth-quarter sales expectations, as the drugstore chain turns itself into more of a health-care focused company.The company said it anticipates full-year adjusted earnings per share of $4.45 to $4.65 in the coming fiscal year, which is about in line with what Wall Street expected. Yet Walgreens said its…
A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia.James D. Morgan | Getty ImagesDelta Air Lines expects to post another profit in the last quarter of the year and said both leisure and business travel continue to…
Former U.S. Ambassador to the United Nations Nikki Haley said Sunday that President Biden should not have been surprised that ministers from Organization of the Petroleum Exporting Countries (OPEC+) decided to cut oil production – in fact, she implied it could have been done just to spite him.After OPEC+, which is led by Saudi Arabia,…
WASHINGTON/LONDON, Oct 8 (Reuters) - The OPEC+ organization's decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts…
Stock futures were flat on Friday morning as investors looked ahead to September's jobs report for further clues into the Federal Reserve's tightening campaign.Futures tied to the Dow Jones Industrial Average shed 12 points, or 0.04%, while S&P 500 futures dipped 0.09%. Futures tied to the Nasdaq 100 slipped 0.07%.Advanced Micro Devices' stock fell in…
(Bloomberg) -- President Vladimir Putin on Friday said that Russia is annexing four occupied regions in Ukraine “forever” and repeated warnings that Moscow will use all available means to defend the territories.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMeta to…
Sept 27 (Reuters) - The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing.Stocks have been under pressure since late August after…