EV startup Canoo has hired hundreds of employees and is homing in on a production date, but critical milestones including landing a battery supplier remain, according to the company’s second quarter earnings report. Canoo’s earnings report comes just a few weeks after the company’s first investor relations day when it named Dutch company VDL Nedcar…
DRYDEN TOWNSHIP, Mich. (AP) — A former Michigan congressman who quit the Republican Party to protest GOP efforts to overturn Joe Biden’s victory over Donald Trump has died.Paul Mitchell died Sunday, according to a statement his family provided to CNN. He was 64.In June, Mitchell told radio station WJR that he had been diagnosed with…
LOS ANGELES, Aug. 16, 2021 /PRNewswire/ — Health-Ade, a sales leader and pioneer in kombucha beverages, today announced that longstanding partner First Bev has acquired a controlling stake in the company. The deal is also backed by powerhouse investors including Manna Tree, a Vail, Colorado-based investment firm committed to improving human health through nutrition. Financial terms of…
The pandemic was a catalyst for showing companies looking to cut costs just how much they were spending on their software tools. New York-based Tropic’s platform not only uncovers those savings, but also brings a click-and-approve approach to buying software. Today, the company announced a $25 million Series A round of funding. Canaan Partners led…
Blue Origin, the space company helmed by billionaire Jeff Bezos, is taking NASA to court. The company filed a complaint with a federal claims court on Monday over the agency’s decision to award a lunar lander contract solely to rival company SpaceX. The complaint, which Blue Origin successfully petitioned to have sealed, says NASA’s evaluation…
Roblox is using M&A to bulk up its social infrastructure, announcing Monday morning that they had acquired the team at Guilded that has been building a chat platform for competitive gamers. The service competes with gaming chat giant Discord, with the team’s founders telling TechCrunch in the past that as Discord’s ambitions had grown beyond…
© Bloomberg. This overview shows the Johan Sverdrup oil field in the North Sea west of Stavanger, Norway, on January 7, 2020. Photographer: Carina Johansen/AFP/Getty Images (Bloomberg) — Norwegians own more electric cars per capita than anyone else on the planet. But their obsession with Teslas has done little to persuade the nation that there’s…
© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve may be wrestling with an inflation problem, but two former senior staffers at the U.S. central bank argue that continued higher prices in the future may be what…
2/2 © Reuters. FILE PHOTO: Sunlight reflects from the windows of condominiums in Toronto, Ontario, Canada December 20, 2019. REUTERS/Chris Helgren 2/2 By Nichola Saminather TORONTO (Reuters) – Condominium markets in some of Canada’s biggest cities have rebounded strongly this year, and agents and analysts say the market could once again return to pre-pandemic red-hot…
© Reuters. By Geoffrey Smith Investing.com — The Taliban has taken control of the Afghan capital Kabul amid a chaotic evacuation of remaining westerners. The Chinese economy is slowing down due to the clampdown on localized outbreaks of Covid-19 across the country. That’s also hitting oil prices. And U.S. stocks are set to open lower…
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