(Adds Lordstown’s comment, details about cash) June 8 (Reuters) – Electric truck maker Lordstown Motors Corp expressed doubts about its ability to continue as a going concern, the company said in a regulatory filing on Tuesday, sending its shares down more than 20%. (https://bit.ly/3w4iOlG) “We believe that our current level of cash and cash equivalents are not sufficient to fund commercial scale production and the launch of sale of such vehicles,” Lordstown said. Lordstown reported a net loss… Source link

Five years after being selected with the No. 4 pick in the MLB draft, Riley Pint has retired. Colorado Rockies assistant general manager Zach Wilson announced the news on Tuesday. The Rockies drafted Wilson out of high school in 2016, and he played five seasons in the franchise’s minor league system. Big fastball and control issues Pint tantalized scouts in high school with a 102 mph fastball and a plus arsenal of secondary pitches, but never advanced past the Class A level with the Rockies. He… Source link

Google TV, which offers one of the cleanest streaming experiences to cord-cutters, just vastly improved its live TV options — which is to say, users actually have options now. While the “Live” tab was previously limited to Google’s own pricey live TV streaming service, YouTube TV, the company has introduced a cheaper alternative with a Sling TV integration. The companies confirmed to The Verge that the added support for Sling TV marks the first non-Google live TV integration for… Source link

Nike (NKE) has celebrated Pride Month with its “Be True” collection since 2012. In 2021, the tradition continues with both the Swoosh brand and Converse with colorful new footwear to celebrate the LGBTQIA+ community. The Pride Chuck 70s is part of the Converse All-Stars “Show Love Without Barriers” collection. The off-white shoe features rainbow graphics designed by Xandro Miguell. Converse officials tell Yahoo Finance that the print explores the duality of struggle and joy and the… Source link

Ohio asked a court on Tuesday to declare Alphabet’s (GOOGL.O) Google a public utility, a step the state’s Republican attorney general said would forbid the search and advertising giant from giving preferential treatment to its own products. “When you own the railroad or the electric company or the cellphone tower, you have to treat everyone the same and give everybody access,” Attorney General Dave Yost said in a statement. The lawsuit, which estimates that Google is used for nearly 90% of… Source link

Google’s Locked Folder feature, which allows you to password-protect specific images or videos to keep them from showing up in your main photo library, is available in the latest Pixel update, according to 9to5Google. Google’s page explaining Locked Folder says the feature is only currently available on Pixel devices, starting with the 3. When it announced the feature at its I/O conference, Google said that it would be coming to other Android phones “throughout the year.” If… Source link

Cancelling $50,000 in federally-backed student loan debt for American borrowers would actually help lower-income debtors far more than rich ones, according to a new research brief. The study by the Roosevelt Institute, a left-leaning think tank based in New York City, came to the conclusion as other academics argue that eliminating debt for millions of borrowers would instead disproportionately benefit high-income borrowers. “We made a policy mistake, in terms of placing the funding of higher… Source link

WASHINGTON — Just three weeks ago, Great Britain celebrated the success of its vaccination campaign by lifting many coronavirus-related restrictions. “Goodbye, lockdown,” one headline said. But since then, a more transmissible new strain of the coronavirus has taken hold, imperiling plans to fully reopen the country on June 21. Public health officials in the United States are now grappling with the possibility that a similar regression could take place here and, just as in the U.K.,… Source link

You can’t say “Mr. Wonderful” didn’t warn you. Shark Tank host Kevin O’Leary was among the first in the investment community to sound the alarm on bitcoin’s sustainability concerns, when he stressed as much, during an interview with Yahoo Finance at the beginning of May. Two weeks later, Elon Musk announced Tesla was reversing its stance on accepting the crypto as a form of payment, citing the same sustainability issues, sparking a 35% collapse in bitcoin’s price for the month. But… Source link

There is probably a lot of trash in the speculative boom currently taking hold of markets. But hidden amid the meme stocks, SPACs, and crypto coins could be some valuable businesses. “Somewhere in the hundreds of SPACs and scores of meme stocks are some decent companies and potentially even a few huge opportunities,” DataTrek’s Nicholas Colas wrote in a note this week. “For example: Hertz, which was supposed to be a retail investor graveyard, actually exited bankruptcy with its equity… Source link