The Federal Reserve signaled on Wednesday it expects the U.S. economic recovery from the coronavirus crisis to accelerate with unemployment falling faster than the central bank expected in June.
Shares of Nikola Corp on Wednesday reversed course to trade up as much as 6per cent from premarket losses, resulting in US$24 million in mark-to-market losses for those betting against the stock, according to financial analytics firm S3 Partners.
ChargePoint, one of the world's oldest and largest electric vehicle charging networks, is nearing a deal to go public through a reverse merger with Switchback Energy Acquisition Corp, people familiar with the matter said on Wednesday (Sep 16).
ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, is nearing a deal to go public through a reverse merger with Switchback Energy Acquisition Corp, people familiar with the matter said on Wednesday.
American Airlines chief executive Doug Parker and seven major airline unions on Wednesday made a new push to win additional government assistance to keep nearly 20,000 workers on the payroll past Oct 1.
The Trump administration will make a decision soon on a proposed deal for Oracle to become a "trusted technology provider" for the U.S. operations of China's social media platform TikTok, White House press secretary Kayleigh McEnany said on Wednesday.
JPMorgan Chase & Co will not pay for junior sales and trading staff to take an Uber to work, reversing actions the bank took after the COVID-19 pandemic to help staff feel comfortable about commuting to work, Bloomberg News reported.
The United Airlines pilots union master executive council has voted to approve a deal with the company that would protect some 2,850 jobs, sources familiar with the matter told Reuters.
Shares of Spotify Technology SA fell as much as 7per cent on Wednesday, after Apple Inc announced a bundled plan for all its services that lowered the cost of Apple Music subscriptions.
Slower-than-expected sales at retailers in August suggest a speed bump is emerging in the U.S. economic recovery from coronavirus lockdowns, less than two months before the Nov. 3 presidential election.
