Aisha Imran 111 posts 0 comments

EV startup Fisker has signed a memorandum of understanding with electronics heavyweight Foxconn Technology to manufacture its second vehicle. The production is expected to start by the end of 2023 with Foxconn manufacturing around 250,000…
Read More...

Lucid Motors and Michael Klein’s SPAC Churchill Capital Corp IV formally announced their merger Monday night which sent the SPAC’s shares tumbling as much as 40%. Lucid Motors revealed high hopes for rapid revenue growth by 2026 and…
Read More...

Apple is in talks with lidar suppliers which is to be used in the upcoming Apple cars. The technology works by scanning and detecting surrounding objects to help the car avoid them. Apple previously used the technology in its iPad Pro and…
Read More...

SpaceX is worth over $74 billion now as the company raised $850 million additional capital last week. The growth is driven by the Starship, a fully reusable rocket, and Starlink, a global satellite internet network, projects. The Starship…
Read More...

Redfin is set to acquire RentPath, the owner of Rent.com, ApartmentGuide.com, and Rentals.com, in an all-cash deal for $608 million. The transaction is expected to add 700 RentPath’s employees to Redfin while adding the service of renting…
Read More...

Palantir Technologies reported fourth-quarter earnings results Tuesday, posting a wider-than-expected loss while beating revenue forecasts. Revenue was mainly driven by the government segment which grew 85% year over year, reaching $190…
Read More...

International Rights Advocates (IRA) has filed a federal class-action lawsuit against seven chocolate giants including Nestlé, Cargill, Barry Callebaut, Mars, Olam, Hershey, and Mondelēz on behalf of eight children who claim to be…
Read More...

Kraft Heinz is selling its nuts business, Planters, to Hormel Foods Corp in an all-cash deal of $3.35 billion as the company trims underperforming brands to focus more on successful brands. For Hormel, the addition will bolster its existing…
Read More...

Financial Times reported today that Microsoft was supposedly in talks for acquiring social network site Pinterest for $51 billion over recent months. The deal would be the biggest acquisition for Microsoft to date. No new developments have…
Read More...

Tyler Technologies and NIC Inc jointly announced their decision to merge today in an all-cash deal which values the company at $2.3 billion. The merger will combine Tyler’s strength in local government and NIC’s power in state government.…
Read More...