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The scarcity of chips will have an effect on the manufacturing of electrical vehicles
An ES6 electric SUV from Nio Inc. at a battery swap station in a parking lot in Shanghai on March 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING – Chinese electric car startup Nio said Tuesday a global chip shortage will force it to manufacture fewer cars in the second quarter. The high…
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“We’ve to push additional down”
States are easing social distancing rules, but it’s “too early” to take Covid restrictions back, warned Dr. Atul Gawande on CNBC’s “The News with Shepard Smith”. “We are currently in cases that are still above the highest value of our last spike, so we didn’t even fall below the spike last summer,” said the surgeon…
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The Maldives, that are depending on tourism, are stepping up their efforts to diversify economically
NurPhoto | NurPhoto | Getty Images The Maldives are littered with their island resorts and endowed with white sandy beaches and turquoise seas. But the coronavirus pandemic stalled the global travel and tourism industries last year, forcing the island nation to step up efforts to diversify its economy by expanding other sectors. Tourism accounts for…
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Zoom, Roku, Novavax & extra
A trader working in New York City after the Nasdaq opening ceremony on April 18, 2019. I have Betancur | Getty Images Check out the companies that hit the headlines on Monday after the bell: Zoom Video – The video communications company’s shares fell 8.5% on better-than-expected results for the fourth quarter of the fiscal…
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Self-employed gig employees are nonetheless ready for the bigger mortgage PPP guidelines
Virojt Changyencham | Moment | Getty Images The self-employed and gig staff are eagerly awaiting the Small Business Association’s update of guidelines for their paycheck protection program, which could mean bigger credit for the group. The Biden administration last week announced changes to how the SBA will calculate forgivable loans for sole proprietorships and other…
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Delta is giving bonuses to managers whose pay has been lower because of the pandemic
Delta Air Lines Bombardier Boeing 757-200 aircraft as they arrive on final approach to New York’s JFK John F. Kennedy International Airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines, which received billions of dollars in federal aid last year, is paying managers anywhere from a few thousand dollars to more than $…
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Rocket Lab goes public through SPAC with neutron rocket growth
Peter Beck, CEO of Rocket Lab, stands with his company’s electron rocket. Missile laboratory Rocket Lab, the leader among companies that build small rockets to launch satellites, is going public through a SPAC merger that valued the company at more than $ 4 billion at the time of the deal. The company works with Vector…
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GM’s EV plans are taking form with new, cheaper Chevy Bolts
2022 BOLTS EUV Source: Chevrolet DETROIT – General Motors’ linchpin is to become a pure electric vehicle company by 2035 The automaker is taking shape as it prepares to launch two Chevrolet Bolt models this summer before launching a $ 113,000 GMC Hummer EV pickup later in the year. The all-electric studs – a redesigned…
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Good Meat sells laboratory-raised rooster in a world first
You would know a chicken nugget if you saw one, right? How about one who grew out of a single cell and didn’t injure any animals in the process? Josh Tetrick doesn’t bet. He’s trying to win over consumers with his lab-grown chicken bite after his company’s first ever approval of his company’s cultured chicken…
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Past Meat (BYND) lack of earnings in fourth quarter of 2020
Beyond Meat “Beyond Burger” patties made from vegetable substitutes for meat products stand on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat announced Thursday that it had signed deals with fast-food giants McDonald’s and Yum Brands, but stocks fell on a disappointing earnings report. The company…
