(Reuters) — Amazon.com said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. The deal represents a major endorsement of Rivian’s electric vehicle technology by the world’s largest online retailer. Amazon is […]
Charlie Munger, the vice chairman of Berkshire Hathaway, weighed in on Amazon‘s decision to cancel its plan to bring a second headquarters to New York City. He told CNBC in an interview on Thursday that states like New York that he says are “driving the rich people out” are “pretty dumb.” Amazon’s surprise announcement on […]
Canopy Growth Corp (NYSE: CGC), the largest cannabis company in Canada, reported fiscal third-quarter earnings after the close Thursday evening, with net revenue that rose 283 percent to CA $83.048 million ($62.4 million) year-over year. What Happened Canopy’s net revenue — after excise taxes of CA $14.655 million — rose 256 percent from the $23.327 […]
General Motors just unveiled its electric bicycle in a bid to arm itself against an uncertain future for cars. The largest U.S. automaker on Thursday released the name of its bike, Ariv, and said it will start taking orders in select countries in Europe. The name is the result of a crowdsourced campaign announced in […]
Tesla has made progress reducing its cash burn but the electric-car maker is not “quite out of the woods yet,” Morgan Stanley’s Adam Jonas told CNBC on Wednesday. The auto analyst expects Tesla to burn about $600 million, possibly as much as $1 billion, in cash in the first quarter, but said a partnership with […]
TOKYO—Former Nissan Motor Co. Chairman Carlos Ghosn, facing trial in Japan on financial charges, replaced his legal team and brought in a lawyer noted for high-profile cases to lead his defense. The move follows a series of legal disappointments for Mr. Ghosn, who has been in a Tokyo jail for nearly three months and has […]
Photo: AP Photo/Richard Vogel Recently, my teenage daughter and I had brunch at a well-known restaurant in Soho. As we waited for our breakfast to arrive, I noticed a sign on the table. “Put CBD in your coffee!” was in bold red letters. I realized as I sipped my coffee that, although CBD oils and […]
During a state legislature hearing today, New York City mayor Bill de Blasio said it is “mission critical” that Amazon build HQ2 in Long Island City. De Blasio’s remarks come a few days after a report that widespread outcry from residents and local politicians alike have prompted Amazon to reconsider the move, which the company […]
What happened After the company unveiled preliminary sales figures for its fiscal second quarter on Jan. 8, shares in Aurora Cannabis (NYSE:ACB) jumped 42.9% last month, according to S&P Global Market Intelligence. So what Aurora Cannabis is one of Canada’s biggest marijuana companies. An aggressive acquisition strategy has industry watchers thinking its annual marijuana production could […]
© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell by more than 1 percent on Monday as U.S. drilling activity picked up and as a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large […]
