Struggling Lordstown Motors expects to end production of its EV pickup ‘in the near future’
The comments come three days after the company said it may go bankrupt if a previously announced deal with contract manufacturer Foxconn falls through.
Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth’s Chris deal
Darden Restaurants believes fine-dining restaurants’ sales growth will outpace that of casual-dining eateries through 2026.
DA Davidson says this software stock has ‘Buffett-esque’ qualities and can surge nearly 40%
This tech stock made its public debut in June 2020.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
Paramount Global shares fall over 28% after weak earnings report, dividend cut
Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Carl’s Jr. and Hardee’s to roll out A.I. drive-thru ordering nationwide
CKE Restaurants, the parent company of Carl’s Jr. and Hardee’s, is working to bring automated drive-thru ordering to its restaurants nationwide.
Shopify offloads logistics business to Flexport
The sale marks a reversal for Shopify, which had spent years building out its own logistics and order fulfillment operations.
Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.
This building materials stock has pricing power and can jump 40%, Goldman Sachs says
The firm upgraded this concrete maker to buy after the firm’s strong first-quarter results.
Citi upgrades this financial giant, sees sharp gains ahead after banking crisis
Analyst Andrew Coombs upgraded Deutsche Bank to buy/high risk from neutral/high risk.
