Enlarge / That air compressor can output up to 150 psi. Rivian, the electric vehicle manufacturer, is being sued (PDF) by a shareholder who alleges that the company’s surprise 20 percent price hike tarnished Rivian’s reputation and violated US securities laws. The company made “untrue statements” in its IPO about the pricing of its R1T […]
Massachusetts Secretary of State William Galvin is calling on Attorney General Maura Healey to investigate the sudden spike in gas prices. That’s a new record high. Gas stations said they are feeling the pinch, too, blaming the crisis with Russia. Gas station owners saying they’re passing on increased costs from wholesalers. However, some state officials […]
new York CNN Business — McDonald’s and Starbucks are shutting down their restaurants and cafes in Russia, and Coca-Cola is suspending its operations there in response to Russia’s invasion of Ukraine. PepsiCo is also pulling some products from the country. “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations […]
On Tuesday morning, Florida gas prices reached an unprecedented high. AAA reported the average price for a gallon of gas was $4.15, 15 cents higher than it was Monday, and the highest price ever recorded. On Monday, it was reported that gas prices had reached the highest cost since the housing bubble burst in 2008. […]
Lululemon CEO Calvin McDonald said that launching into shoes was the next natural step for the leggings maker. Source: Lululemon Lululemon is venturing into footwear, marking a new product category for the maker of leggings and sports bras and deepening its rivalry with giants like Nike and Adidas. The company’s first-ever running shoe for women, […]
European oil giants Shell SHEL 3.18% PLC and BP BP 5.21% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t […]
EU officials on Tuesday outlined a plan to achieve energy independence from Moscow “well before 2030.” The European Union would start by reducing demand for Russian natural gas by two thirds this year. Those plans will be discussed at an emergency summit of EU leaders in France on Thursday. “We must become independent from Russian […]
Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$100” in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, March 8 (Reuters) – European stocks and Wall Street futures edged slightly higher on Tuesday, but markets […]
London CNN Business — Russia is finding it ever harder to sell its oil and gas. Shell (RDSA)said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country. The UK-based company, which last week announced it was dumping its […]
Here are your FOX Business Flash top headlines. US stock futures were mixed but whipsawing overnight as the Dow Jones Industrial Average slid nearly 800 points Monday to close in a correction as surging oil prices deepened concerns about inflation and economic growth. Ticker Security Last Exchange Change % I: DJI DOW JONES AVERAGES 32817.38 […]
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