Tag Archives: hopes

Fisker tumbles 34% on warning; CEO hopes to close financing deal with OEM ‘as soon as possible’

Fisker tumbles 34% on warning; CEO hopes to close financing deal with OEM ‘as soon as possible’

Fisker (FSR) unloaded a cache of bad news during its Q4 earnings report yesterday, shaking investors and Wall Street analysts. Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has “substantial doubt about its ability to continue as a going concern” when the company files its official financial statements for 2023. Fisker also said it would reduce its headcount by 15%. Fisker said it had $396 million in cash at the end of… Source link

Read More »

Democrats’ big midterm gains threaten Wall Street’s split-government hopes

Democrats’ big midterm gains threaten Wall Street’s split-government hopes

By Rodrigo Campos and Ira Iosebashvili (Reuters) – A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Republicans remain close to seizing control of the House of Representatives as officials continued counting ballots, with results expected… Source link

Read More »

Google CEO says he hopes to make company ‘20% more’ efficient, hints at potential cuts

Google CEO says he hopes to make company ‘20% more’ efficient, hints at potential cuts

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Google and Alphabet CEO Sundar Pichai said he wants to make the company 20% more efficient and that could include headcount cuts as it reckons with a slew of economic challenges as well as years of rapid hiring. Speaking at Code Conference in Los Angeles, Pichai gave more details about how he’s thinking of making the company… Source link

Read More »

Social media CEO hopes to ‘remove any temptation for bad behavior’ from its platform

Social media CEO hopes to ‘remove any temptation for bad behavior’ from its platform

A new platform being beta-tested hopes to re-introduce an element of what many social media companies have seemingly lost sight of amid industry controversies — maintaining a sense of community. “A big differentiator for us is creating a space where people feel like they don’t have to perform,” Somewhere Good Founder and CEO Naj Austin said on Yahoo Finance Live (video above). “There are no likes. There are no followers. There are no algorithms tracking you. We’ve removed any temptation for… Source link

Read More »

Recession Risks Duel Resilience Hopes in Global Economy Outlook

Recession Risks Duel Resilience Hopes in Global Economy Outlook

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The fastest inflation in decades and the resulting rush by central banks to raise interest rates are stoking recession fears in financial markets — worries that are being compounded by the impact of aggressive coronavirus lockdowns in China and the war in Ukraine. In the last week alone, the the U.S. and U.K. logged inflation accelerating the most since the… Source link

Read More »