Text size Private company Lordstown Motors has entered the fray, unveiling its all-electric pickup, Endurance. Servpro, a fire and water damage restoration company, has promised to order 1,200 trucks. Courtesy photography The fully electric truck space is getting crowded. More market participants compete for a share of this lucrative segment …
Read More »Dell shares soar as it reports it’s weighing up the VMware Stake spin-off
Text size Justin Sullivan / Getty Images Shares of Dell Technologies soared in recent operations after The Wall Street Journal reported that the company hired advisers to consider options for the company’s 81% stake in business software company VMware.. A transaction would be intended to address the valuation disparity between …
Read More »IRS Clarifies Rules on Who Qualifies for Coronavirus Hardship Loans, Retirement Account Withdrawals
Text size A man enters the Internal Revenue Service building in Washington, DC Andrew Caballero-Reynolds / Getty Images The new Internal Revenue Service guide clarifies the circumstances under which retirement account owners are eligible to take a coronavirus-related loan or withdraw from their plan without the typical taxes or penalties. …
Read More »Apple Stock Extends Rally As Analysts Talk About WWDC Speech
Text size Cindy Ord / Getty Images There weren’t many big surprises at Apple CEO Tim Cook’s keynote on Monday at the company’s World Developers Conference, but there was enough news to keep the bulls in stocks happy. Shares of Apple (ticker: AAPL) on Tuesday continued their march into the …
Read More »Crude Oil Futures Trading Exceeds Major $ 40 Per Barrel Level
Text size Joe Raedle / Getty Images Crude oil futures are making new gains above $ 40 a barrel, a notable change for a product that briefly traded below $ 0 in April. On Tuesday, futures for Brent crude, the global benchmark, rose 1.2% to $ 43.58 a barrel. West …
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