Nikola needs votes. The stock rises as the meeting adjourns in support of Garner.

Text size Wall Street does not expect Nikola to be free cash flow positive until 2027. Krisztian Bocsi/Bloomberg Sometimes people can be funny. Nicholas (ticker: NKLA) announced on Wednesday that it was adjourning its annual meeting of shareholders and would reconvene it in July. The startup, which makes trucks powered by batteries and hydrogen fuel … Read more

Carvana Stock jumps on improving outlook

Text size Carvana released better outlook for the second quarter. David Tonelson/ carvana Shares soared after the used-car retailer released an improved outlook for its fiscal second quarter. carvana (ticker: CVNA) said in a press release Thursday that it now expects to achieve second-quarter Adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, above … Read more

GameStop stocks plummet after company fires CEO

GameStop (GME) stock fell in premarket trading on Thursday after the company announced the layoff of CEO Matthew Furlong and reported quarterly revenue that fell short of expectations. GameStop announced Furlong’s departure as part of its quarterly earnings release Wednesday night. The company’s largest investor, Ryan Cohen, has been named executive chairman. The video game … Read more

Dow Jones Futures Falls on Surprise Jump in Unemployment Insurance Claims; GME stock plummets 22%

Dow Jones futures fell early Thursday after a surprise jump in the Labor Department’s weekly unemployment claims. It came like GameStop (GME) plunged after the company fired its chief executive and elevated Ryan Cohen to executive chairman. X The latest round of initial jobless claims ahead of next week’s Federal Reserve rate policy meeting showed … Read more