EV startup Fisker files for bankruptcy

The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marc ... Show More

Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on. 

A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May. 

Vietnamese EV maker VinFast is ready to begin North Carolina plant. J&J launches Kenvue exchange offer. Are stock valuations justified amid rising rates? Read a transcript of this episode at Seeking Alpha. Show Links Stock valuations are justified, even in the face of rising rate ... Show More

Famed car designer Henrik Fisker set out to build a company that could upend the auto industry. But, Fisker Inc. is struggling to keep its promise to investors and could be close to shutting down. WSJ reporter Sean McLain joins host Zoe Thomas to explain what happened. Plus, cybe ... Show More

Major markets resumed their rally as better than expected inflation data calmed fears over how far the Fed will still go. But with Apple and Amazon headlining next week’s earnings calendar, will earnings strength keep the momentum going? Plus Xpeng Motors was up more than 60% thi ... Show More

Fisker (FSR) shares in freefall after-hours on doubts it can continue as going concern. (00:24) Lordstown Motors (RIDEQ) charged by SEC with misleading investors. (01:38) Cyber threat: Biden orders investigation into security risks from Chinese cars. (02:21) Episode transcripts s ... Show More

One day after the Nasdaq snapped its 7-day win streak, Carl Quintanilla, Melissa Lee and Michael Santoli explored what to make of the pullback in the tech sector –  with Nvidia extending its Thursday losses and Microsoft replacing the chipmaker as the world's most valuable compan ... Show More

In the US, Tesla remains far and away the dominant maker of electric vehicles. But on a global scale, the situation is much more competitive. Over the last few years, Chinese EV makers have massively ramped up their export capacity and one in particular — BYD — sells more total v ... Show More

Meta dropping after-hours as guidance disappoints. So has the social stock’s recent climb come to an end? Plus Investors plug into Tesla post-earnings, as CEO Elon Musk gives updates on the EV maker’s new models and robotaxi plans. What he’s saying about the timeline and if these ... Show More

Tesla is having its worst year since the pandemic. The company is selling fewer cars, and its stock is plummeting. And it’s not just Tesla. We’re seeing a cool down in North America’s EV industry as a whole. Why is this happening? And as Canada pours billions of dollars into the ... Show More

Stocks jump; Nvidia points to demand for AI software; existing home sales rise; initial unemployment claims fall. 

A recent slew negative headlines about U.S. EVs makes it feel like the sky is falling on the market. Yet the data show robust growth. Combined battery electric and plug-in hybrid sales in 2023 were up 50% from 2022, and EV market share reached 9.5% in 2023, up from 7.5% in 2022, ... Show More