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Mar 31 2023 · 10:18 UTC by Ibukun Ogundare · 3 min read Photo: Virgin Orbit News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement. Aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) has revealed

Shared micromobility company Helbiz said it will do a reverse stock split in an attempt to get back into compliance with the Nasdaq, which issued the company a delisting notice last July because its stock was trading too low. Helbiz is also rebranding to Micromobility.com Inc. to position itself as a micromobility brand that offers

Alibaba's logistics unit is seeking Hong Kong IPO. Bloomberg: Citigroup is speaking with Cainiao. Valuation said to be $20 billion. BABA makes its up to $103-$105 resistance zone. Alibaba (BABA) stock has advanced as much as 4% on Thursday after the logistics subsidiary of China's ecommerce leader was reportedly already shopping banks for an IPO. Cainiao

Ford will lose $3 billion on EVs this year F stock advanced 2.2% at Thursday's open, while S&P 500 rises 1% on broad optimism. Ford stock has strong support at $11 and is currently advancing toward $12.75. Ford (F) stock is demonstrating on Thursday exactly why automotive C suites are pivoting to electric vehicles. It is not

The market capitalization of the global stock market declined by 20% in 2022, wiping off about $25 trillion from the market, the World Federation of Exchanges disclosed in its latest report released on Friday. The value of the market also decreased by 10% last year, the report noted. Both declines contradict the positive momentum gained

Commentary Technology investors had a rough year in 2022. The Nasdaq Composite Index went down around 33 percent. Despite a rebound so far this year, investors...

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Stock market news today: Stocks gain, 10-year yield hovers around 4%  Yahoo FinanceFutures Rise Ahead Of Key Econ Data; AI Stock Soars Into Buy Zone  Investor's Business DailyStocks rise on Friday as S&P 500 tries to snap 3-week losing streak: Live updates  CNBCWhy Are Stocks Down Today?  ...