NewsRoom Articles - Page 24 of 40

WednesdayAug 07, 2024 9:00 am

Nikola Corp., ITD Industries Launch Hydrogen Refueling Station in Ontario

Nikola Corporation (NASDAQ: NKLA), known for developing heavy-duty commercial vehicles with zero emissions, has partnered with ITD Industries, a leader in industrial solutions, to launch a new hydrogen refueling station in Ontario. The launch shows the company's growing commitment to advancing hydrogen infrastructure, which is pivotal for the broad implementation of hydrogen fuel cell technology in the transportation sector. The strategic location of the fuel station in Ontario at 401 West Mall aims to serve both local and regional fleets. It will address the infrastructure gap that has historically hampered the adoption of hydrogen-powered vehicles. Nikola and ITD industries have…

MondayAug 05, 2024 9:00 am

What to Expect as Coinbase Releases Q2 Earnings Report

As Coinbase Global Inc. (NASDAQ: COIN) gears up to unveil its second quarter (Q2) 2024 earnings report this week after the U.S. market closes, anticipation is building among market watchers and cryptocurrency enthusiasts. Given the company's pivotal role in the digital currency space, expectations are high for the company to continue its impressive performance. So, what should you watch out for now that the countdown has begun? Coinbase’s revenue for Q2 is projected to nearly double to $1.4 billion, up from $708 million in the previous quarter, making this the fourth consecutive quarter of positive revenue performance. This surge will…

FridayAug 02, 2024 9:00 am

Reports Suggest Alibaba Could Increase Service Fees Levied on Merchants

As per the latest reports, Alibaba Group Holding Ltd. (NYSE: BABA) is poised to increase the service fees it charges merchants. The impending rise in fees has created quite a buzz in the marketplace and among the traders that bank mostly on Alibaba to attract customers and drive sales. Alibaba has long stood as one of the few untouchable merchants in the world, providing a large online retail marketplace as well as cloud computing and digital media. The organization has consistently retained an advantageous position with its peers by maintaining its relatively low service fees. However, the e-commerce industry, facing…

WednesdayJul 31, 2024 9:00 am

QuantumScape, PowerCo Team Up to Manufacture Solid-State EV Batteries for Mass Market

PowerCo, the battery division of Volkswagen Group, and QuantumScape Corp. (NYSE: QS) have inked a partnership that will see the lithium-based, solid-state batteries developed by QuantumScape mass produced by Volkswagen Group’s battery production arm. This strategic collaboration is intended to bolster EV battery safety and performance by quickly bringing to market the novel solid-state batteries. Through this partnership, QuantumScape agreed to give PowerCo a license to manufacture EV batteries based on QuantumScape’s cutting-edge battery technology. PowerCo has been permitted to make approximately 40GWh of these battery cells each year, and the company will be at liberty to ramp up its…

MondayJul 29, 2024 9:00 am

After Recent Price Correction, Could Riot Platforms Now Be a Good Buy?

If you have been watching Riot Platforms (NASDAQ: RIOT) the past few days, you've probably noticed wild price swings. After experiencing this notable stock price correction, the biggest question on everyone's mind is, is the Bitcoin mining company a hidden gem waiting to be scooped up? The company has experienced a rocky year. Its stock has dropped 19.7% since January. This decline stands out when compared to the industry's 21% growth and the S&P 500's 16.1% gain during the same period. Riot's performance is lagging behind that of other cryptocurrency-focused stocks. During the same period, Cipher Mining (CIFR), another Bitcoin…

FridayJul 26, 2024 9:00 am

Analyzing NIO’s Recent Stock Price Rally

Over the past few days, NIO Inc. (NYSE: NIO) has been making headlines with its stock price rally, sparking great interest among investors and analysts alike. As of the latest update, its stock price is $4.65, reflecting an 8.42% decline over the past week. This price fluctuation has prompted both excitement and caution among investors. However, from a wider perspective, the stock has surged by 17.37% over the past three months. The fluctuation stresses the dynamic nature of the Chinese electric vehicle (EV) manufacturer's position in the market and investor sentiment toward electric vehicle (EV) stocks in general. With a…

WednesdayJul 24, 2024 9:00 am

Why Tesla Could Be Losing Dominance in Europe, US Markets

For years now, Tesla Inc. (NASDAQ: TSLA) has been synonymous with electric vehicle (EV) innovation and market dominance. However, this is about to change. The company’s dominance is being challenged in various countries across Europe and the United States even after a stellar performance last year. A recent report from JATO Dynamics revealed how the American multinational automotive company is experiencing declining sales and market share amid growing competition. The data showed that in the first half of 2024, Tesla sales dropped by 8% and 13% in the U.S. and Europe, respectively. Usually, a decrease in sales doesn't mean a…

MondayJul 22, 2024 9:00 am

Quantum Computing Set to Collapse Time Needed During Drug Development

The rapid advancements in quantum computing are revolutionizing the drug-development process by reducing the time it takes to bring new treatments into the market from years to weeks. According to POLARISqb CTO and cofounder, Bill Shipman, company officials extract actionable time in decreasing delivery costs and time. Currently, drug discovery and development take at least 12 years, but with quantum computing, this period will be shortened to mere weeks. What's so fascinating about quantum computing is its ability to simulate complex molecular modeling and simulation with unprecedented accuracy. Molecular modeling and simulations play a critical role in elucidating the interactions…

MondayJul 22, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Adds Second Annealing Quantum Computer in the U.S. and Unveils New Hybrid Quantum Solver

D-Wave introduced its new hybrid quantum solver designed to tackle previously intractable workforce, manufacturing, and logistics optimization problems at its Qubits 2024 conference The new hybrid solver is expected to have a positive impact on a variety of business processes, particularly in workforce, manufacturing, and logistics optimization D-Wave is also deploying a second U.S.-based Advantage(TM) quantum computer at Davidson Technologies’ global headquarters, accessible to D-Wave customers in select countries via D-Wave’s Leap(TM) quantum cloud service D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, continues to make strides in the development and deployment of quantum computing…

FridayJul 19, 2024 9:00 am

Rivian’s Deal with VW Could Mask Underlying EV Market Issues

Rivian Automotive Inc. (NASDAQ: RIVN) entered into a deal with Volkswagen (VW), a move that has sparked a lot of chatter in the electric vehicle market. The $5 billion deal, after an initial $1 billion investment, aims to codevelop software platforms for both companies' electric vehicles, providing Rivian with much-needed financial support and leveraging VW's extensive manufacturing capabilities and global reach. On the other hand, VW, one of the largest automotive giants, will receive access to cutting-edge software expertise. In an interview with CNBC, Cyrus Mewawalla, head of thematic intelligence at GlobalData, shared that Volkswagen has fallen behind in two…

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