Shares

Alibaba Shares Rally As Jack Ma Resurfaces After 3-Month Absence

Alibaba’s US-traded ADRs are rising in premarket trade on Wednesday after co-founder and chairman Jack Ma, one of the richest men in China, finally resurfaced after months of radio silence that sparked speculation about whether he had been “detained” by CCP authorities. ADRs were up 7.7% to $271 at 0411ET, while Alibaba’s Hong Kong-traded shares…

Boeing Halts Merit Pay Raises, Grants Shares To Some Employees As Recovery Years Away 

A little more than a week before Christmas, Boeing Chief Executive Dave Calhoun sent an internal memo to employees announcing that the company would suspend annual merit salary increases in fiscal 2021 for employees, managers, and executives, according to Reuters.  Excluding executives and tens of thousands of engineers and machinists under union contracts, Boeing however awarded employees…

Virgin Shares Plunge As Aborted Launch Creates New Space-Program Delay

After all of SpaceX’s aborted launches and outright failures (none of which, thankfully, resulted in the loss of human life), you’d think the market would have internalized the notion that rocket launches sometimes get aborted three or four times before the circumstances align in just the right way. Not so. Shares of Robinhood favorite Virgin…

Nikola Shares Soar On GM MOU

Nikola signed a non-binding Memorandum of Understanding with General Motors for a global supply agreement related to the integration of GM’s Hydrotec fuel-cell system into Nikola’s commercial semi-trucks. Notably, the MOU does not include the previously contemplated GM equity stake in Nikola or development of the Nikola Badger. Full Nikola Press Release: Nikola Corporation (NASDAQ:…