“More of the same, and a lot of it,” says CFRA Research energy analyst Stewart Glickman of a newly unveiled plan from Exxon Mobil to reduce its greenhouse gas emissions. But Glickman, and others analysts even more critical of Exxon, say there is a logic and consistency to the oil …
Read More »Dow, S&P can keep climbing the market’s wall of worry, history says
The Dow Jones Industrial Average was poised to fall at the open on Monday, according to futures trading, after hitting another new record to end last week. Market history in the post-World War II era suggests that any dip to start the week may be followed by more gains before …
Read More »British start-up Arrival has ‘best claim to be the son of Tesla’
CNBC’s Jim Cramer on Thursday endorsed CIIG Merger, the U.S. blank-check company set to take U.K. electric-vehicle maker Arrival public next year, as a speculative stock for investors to play. “As much as I like this story, I think you can be patient,” the “Mad Money” host said. “But given …
Read More »UK electric vehicle maker Arrival is going public via SPAC
LONDON — British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process. SPACs are …
Read More »Lordstown Motors races to revive shuttered Ohio GM plant
When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating a headache for Lordstown, Ohio, and the local economy that …
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