HLIO shares drop after CEO Josef Matosevic placed on leave for potential ethics violation. Sean Bagan appointed interim CEO, Philippe Lemaitre becomes Executive Chairman. Keybanc downgrades stock.
Sony stock rose due to merger with Skydance Media, while facing concerns over 26B bid for Paramount. Plans to invest in semiconductors also boost stock.
Nikola Corporation (NASDAQ:NKLA) shares are back at it again. The stock is rallying Tuesday after rising more than 16% on Monday, adding to gains of nearly 31% over the last week. Here's a look at what's going on.
Palantir and Oracle Corp (NYSE:ORCL) announced general availability and platform certification of Palantir platforms on Oracle Cloud infrastructure on Tuesday. The companies aim to help businesses and governments accelerate their AI initiatives.
Lucid produced 3,838 vehicles in the first half of 2024 and aims to surpass 5,162 units by year-end to meet its annual target of 9,000, after making 8,428 vehicles in 2023.
The equity market appears to be on track to build on gains, with the major index futures firmly in the green early Tuesday. Traders apparently are discounting a dovish message from Federal Reserve Chairman Jerome Powell on the first day of the semi-annual monetary policy testimony before Congress.