Electric vehicle startup raises $4 billion in SPAC offering to compete against Tesla

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• mercurynews.com7 minutes ago
• South Bay pair arrested in Monterey on weapons, drug allegations
• MONTEREY — Two people were arrested in Monterey on Monday and jailed on suspicion of weapons and drug violations, the Monterey Police Department reported. In the early hours Monday, police responded to the 2000 block of North Fremont Street after a report of an individual acting suspiciously and looking into vehicles, police said. As officers arrived on scene, one suspect, identified as Robert Otero, 24, of Alviso was standing near a dark-colored vehicle that he had just stepped out of. Police said that when Otero saw the officers, he fled...
• CNBC10 minutes ago
• Coinbase and Roblox take a page from Google, keeping marketing costs way down ahead of public debuts
• Welcome to BloxburgRoblox Cryptocurrency exchange Coinbase and gaming app Roblox are both getting set to go public through a direct listing of their shares. They have something else in common thats likely to prove very attractive to investors: Brand awareness. Both companies spend less than 10% of their net revenue on sales and marketing. Those are savings that allow the companies to focus more on product development and even profit generation. With limited marketing, Coinbase emerged as the most popular crypto exchange for consumers. As prices for bitcoin and...
• usnews.com12 minutes ago
• Feds Award Indiana $35M for Modernize Public Housing
• INDIANAPOLIS (AP) — A federal agency has awarded Indiana housing authorities $35 million for large-scale projects to modernize public housing around the state. The funding announced Tuesday by the U.S. Department of Housing and Urban Development will go to 40 of Indianas public housing authorities for projects such as replacing roofs, upgrading heating systems and other improvements. The city of Garys housing authority will receive the largest share of Indianas funding, about $6.6 million. Housing authorities in East Chicago, New Albany, South Bend and Terre Haute will each receive at...
• CNN1 hour(s) ago
• $3 gasoline could be around the corner — unless OPEC and Russia start pumping more oil
• New York (CNN Business)OPEC and Russias unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under pressure to cool off the red-hot market.US crude has raced back above $60 a barrel. Thats a far cry from the depths it reached last April when oil crashed below zero (negative $40.32 a barrel, to be exact) for the first time in history. Prices at the pump are starting to creep higher, too. The national average hit $2.70 a gallon Friday, according...
• CNN2 hour(s) ago
• Honda teams up with GM on self-driving cars
• New York (CNN Business)Honda and General Motors are teaming up to create a new generation of fully autonomous vehicles. Honda will invest $2 billion over 12 years into GMs autonomous vehicle subsidiary, Cruise.GM and Cruise have been building and developing self-driving versions of GMs Chevrolet Bolt EV electric car with plans to deploy a fleet of them for public use next year. With Hondas engineering and financial assistance, Cruise will begin developing a new vehicle that is not based on any existing car, the companies said. It will represent the...
• CNN2 hour(s) ago
• Tencent Music aims to raise $1 billion by going public in the US
• New York (CNN Business)Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company. The company set a placeholder target of $1 billion, which could value the company between $25 and $30 billion, according to its SEC filing. That amount would mark the third largest Chinese IPO to list in the United States since the beginning of 2018, according to data provider Dealogic. The Netflix-like video platform iQIYI raised $2.3 billion and social shopping...
• msn.com2 hour(s) ago
• Could Tiger Woods have been asleep at the wheel before crash? Forensic experts weigh in.
• 100 best spy movies of all time Why Watsco Is a Retirees Dream Stock The available evidence from the recent car crash involving Tiger Woods indicates that the famed golfer was not paying attention to the road and drifted off of it before crashing his car, three forensic car accident experts told USA TODAY Sports. How the PGA world reacted to news of Tiger Woods crash USA TODAY SPORTS See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next LA County Sheriff: Tiger Woods showed...
• cvbj.biz3 hour(s) ago
• After a 25% drop, is it time to buy Tesla shares?
• February 28, 2021 | 5:00 am Editor’s Note: This article is for informational purposes only and does not represent an investment recommendation by THE CEO. Boom and crash cycles are nothing new to Tesla (NASDAQ ???? investors. The electric vehicle maker is known for its full-speed moves, and has become one of the most speculative large-cap stocks. That pattern can be seen again in Tesla’s impressive performance over the past 12 months. Its shares are trending down after hitting all-time intraday highs of $ 900.13 on January 25 and...
• cvbj.biz8 hour(s) ago
• Photos: Swedish electric motorcycle brand Cake is now available in Spain
• 02.28.2021 – 07: 58h The models of this brand are light and 100% electric. They are designed with the aim of enjoying emission-free driving on two wheels, but also extreme sports such as trials. This Swedish company has a wide range of models available, all of them marked by the lightness of the materials and the silence in motion, with numerous customization options. The best thing about these motorcycles is their low maintenance, their versatility and their wide range of prices. A. Gil Did you like the gallery?Share...
• dailymail.co.uk12 hour(s) ago
• First mass-produced solar power car is rolling out in 2021: Three-wheeled vehicle will be four times more efficient than electric cars, go up to 110mph and cost just $25,900
• Aptera Motors is reportedly gearing up to roll out the first mass-produced solar car by the end of the year. The car will retail for as low as $25,900, making it an affordable option compared to other vehicles on the market. There are still roadblocks before the car hits the market, however, as the Washington Post reports distribution cant begin until safety tests are conducted and passed. The car is considered an ultra-aerodynamic electric vehicle and moves on three wheels, which takes away a potential loss of energy, but also...
• cvbj.biz14 hour(s) ago
• GameStop shares have their best week in a month: up 150.7%
• February 26, 2021 | 3:57 pm GameStop shares closed their best week of the month, up 150.7%, at $ 101.74 amid further push from retail investors. Investors continued to promote the stocks on social media platforms such as Reddit and StockTwits. More than 75 million shares changed hands in the last hour of trading, more than triple what has been seen in the last two weeks, and are in addition to the 233 million that were traded in the last two sessions, according to Bloomberg. It would be...
• CBS News14 hour(s) ago
• Biden raises social cost of carbon, restoring key climate policy tool slashed by Trump
• President Biden on Friday raised the social cost of carbon, a little-known but important number that informs a wide range of policies regulating industry and energy production. Mr. Bidens action restores the number to its Obama-era price-tag, and reestablishes a working group that calculates the economic impact of pollution.  The social cost of carbon is an estimate of the long-term damage, in dollars, of carbon on our environment. Former President Trump disbanded the interagency working group (IWG) that determined the number in 2017, and directed agencies to drastically devalue the...
• thegrio.com15 hour(s) ago
• LA officials offering $50,000 reward for information about Akeem Jamaal AJ Coburns murder
• Loading the player... The family of Akeem Jamal “AJ” Coburn are still seeking answers about the senseless murder of the 30-year-old which occurred on July 29. Joining the family’s effort, the city of Los Angeles has offered a $50,000 reward to anyone with information leading to the identity, arrest, and prosecution of the person or persons responsible Coburn’s death, according to TheShadeRoom. Read More: Atlanta police offer reward in murder of actor Thomas Jefferson Byrd At 10:10 p.m. on July 29, Coburn was standing in a driveway when...
• msn.com19 hour(s) ago
• Drew Brees workout video raises questions about retirement decision
• Highways that destroyed Black neighborhoods are crumbling. Some want to undo that legacy 5.3 magnitude earthquake shakes Alaska It’s been widely reported that New Orleans Saints quarterback Drew Brees will retire in the weeks to come. However, we still haven’t heard a public decision, and now people are starting to see some things that are enough to make them wonder. © Derick E. Hingle-USA TODAY Sports Is Drew Brees returning for another season, or is his trainer just teasing us? Brees’ trainer Todd Durkin recently shared an Instagram video...
• newsbrig.com21 hour(s) ago
• Warren Buffett blames $11 billion loss on a mistake
• Even oracles make mistakes. Berkshire Hathaway earned $42.5 billion in 2020, but on Saturday, CEO Warren Buffett admitted the conglomerate’s results for the year included a rare “mistake” — that cost the company $11 billion. The Oracle of Omaha said in his annual letter to shareholders that his 2016 purchase of the company Precision Castparts went bad, forcing Berkshire to “write down,” or deduct, nearly $11 billion from its bottom line last year. Buffett labeled the write-down on the company, “ugly.” And he blamed himself, saying it was “almost...
• New York Post22 hour(s) ago
• Warren Buffett admits mistake cost Berkshire Hathaway $11 billion
• More On: warren buffett Warren Buffett’s Berkshire Hathaway reveals big stakes in Verizon, Chevron Is Elon Musk the new stock market oracle? Amazon, JPMorgan, Berkshire to shut down health-care venture Haven Warren Buffett and Goldman Sachs boss call for small business relief Even oracles make mistakes. Berkshire Hathaway earned $42.5 billion in 2020, but on Saturday, CEO Warren Buffett admitted the conglomerate’s results for the year included a rare “mistake” — that cost the company $11 billion. The Oracle of Omaha said in his annual letter to shareholders...
• CNBC22 hour(s) ago
• United Airlines starts offering bus service straight to Colorado ski slopes from Denver
• United Airlines passengers wait in the boarding area for their flights at Denver International Airport in Denver, Colorado.Robert Alexander | Getty Images United Airlines latest ski destinations will be accessible by bus. The Chicago-based airline on March 11 will start offering three-times-a-day bus service from its Denver International Airport hub to Breckenridge, Colorado and four-times-a-day to Fort Collins on April 1. Checked bags — and skis — will be transferred directly to the bus, provided by Landline, which will depart from a gate at the airport. Landline says seating capacity...
• usnews.com23 hour(s) ago
• Ambulance Service, Louisiana NAACP Offering EMT Tuition
• LAFAYETTE, La. (AP) — A Louisiana ambulance service and the Louisiana NAACP are joining to offer dozens of scholarships for emergency medical technician training in New Orleans, with plans to expand quickly around the state. “We are grateful to partner with the NAACP to specifically reach out to the African American community to offer these scholarships,” said Richard Zuschlag, chairman and CEO of Acadian Ambulance Service. The program will start with 40 slots in New Orleans at the National EMS Academy run by Acadian Ambulance Service and accredited by the...
• usnews.com23 hour(s) ago
• Buffett Upbeat on U.S. and Berkshire, Buys Back Stock Even as Pandemic Hits Results
• By Jonathan Stempel (Reuters) - Not even the coronavirus pandemic could dampen Warren Buffetts enthusiasm for the future prospects of America and his company Berkshire Hathaway Inc. Buffet used his annual letter to investors to assure that he and his successors would be careful stewards of their money, and the passage of time, an inner calm, ample diversification and a minimization of transactions and fees would serve them well. He also retained his longstanding optimism for his company, repurchasing a record $24.7 billion of Berkshire stock in 2020 in a...