Nikola Corp. has disclosed that it has submitted a petition to the Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S. Bankruptcy Code. The company also applied for an auction to liquidate certain assets of the company. Nikola specified that it currently holds $47 million in...

Elon Musk’s latest unveiling of Grok-3 by his startup, xAI, has set off a flurry of reactions across the technology sector. Positioned to rival models from OpenAI, Google, and China’s DeepSeek, Grok-3 represents a bold bid in the competitive global AI landscape. The launch of this advanced chatbot...

According to trading data cited by the Financial Times, shares of defense firms in Europe and Britain are rising as investors anticipate that local governments will ramp up their defense budgets. The Stoxx Europe Aerospace and Defense index hit its peak in over 30 years, soaring to a maximum of...

Trading app Blum, secured $5 million through pre-seed and seed funding rounds, aims to develop into a multichain platform, and is launching an AI-driven Memepad, according to Blum's press team. This funding round was spearheaded by gumi Cryptos Capital, with involvement from Spartan and No Limit...

The British Association of Motor Manufacturers and Traders revealed information regarding the sales of pre-owned vehicles in the nation for 2024. The complete market for these vehicles in Britain grew by 5.5% at the end of last year, with total sales in 2024 reaching 7.643 million. Most of the cars...

According to Bloomberg's sources, fast fashion giant Shein, a Chinese firm based in Singapore, is urging several of its top suppliers in China to establish production sites in Vietnam. As per the sources from the agency, the firm has provided incentives to suppliers, including a 30% rise in...

Qualcomm's shares, the leading provider of smartphone chips globally, declined by 4.6% in after-hours trading on the Nasdaq due to worries from investors that demand for new mobile devices might decrease, Bloomberg reports citing trading data. Qualcomm published its report for the first quarter of...

TotalEnergies concluded 2024 with a revised net income of $18.3 billion. According to its financial report, the profit of the French energy company decreased by 21% in comparison to 2023. The organization attributes the decline in profits to the influence of a high base: oil prices and demand for...

In response to mounting public criticism over medical care denials and delays, Cigna Group has announced a series of initiatives aimed at restoring trust and enhancing patient satisfaction. These measures include increasing staff in customer-facing roles, linking executive compensation to customer...