Rachit Vats - Spark Newswire

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Cathie Wood Cuts Square Stake And Snaps Up More Coinbase On Day Two

Today, 5:34 PM

Cathie Wood-led Ark Investment Management on Thursday snapped up another 3,41,186 shares, worth about $110 million, of the biggest U.S. cryptocurrency exchange desk Coinbase Global Inc (NASDAQ: COIN), on the second day of trading after its debut on NASDAQ through a direct listing.

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EV Maker Polestar — Said To Be In SPAC Talks For US Listing — Raises $550M

By Rachit Vats

Today, 5:34 PM

Polestar, the premium Swedish electric car company owned by Volvo Cars Group and China’s Zhejiang Geely Holding Group Co (OTC: GELYF) said on Thursday it has raised $550 million from a group of long-term financial investors and is in talks with global investors to raise more funds.

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Richard Branson Sheds Virgin Galactic Stake By $150M

By Rachit Vats

Today, 5:34 PM

British billionaire Sir Richard Branson sold nearly $150 million worth shares of his space tourism company Virgin Galactic Holdings Inc (NYSE: SPCE) over the course of three days, as per a regulatory filing.

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Cathie Wood Trims Tesla Stake And Loads Up Heavily On Coinbase

By Rachit Vats

Today, 5:34 PM

Cathie Wood-led Ark Investment Management on Wednesday bought 749,205 shares of Coinbase Global Inc (NASDAQ: COIN), on the day the cryptocurrency exchange made its high-flying NASDAQ debut through a direct listing.

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Chip Shortage Improving? GM Shortens Downtime At Its Key Tennessee Plant

By Rachit Vats

Today, 5:34 PM

General Motor Co’s (NYSE: GM) Spring Hill Assembly facility that makes the GMC Acadia and Cadillac XT5 and XT6 crossovers, will return to regular production on April 26, a week earlier than initially planned, and the company no longer plans to halt Chevrolet Blazer production next week at a plant in

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Tesla Reassures China Of Data Protection As Military Imposes Further Restrictions: Report

By Rachit Vats

Today, 5:34 PM

Tesla Inc (NASDAQ: TSLA) on Tuesday reassured China that data collected from its electric vehicles in the country stays there, reiterating its earlier stand over user privacy protection in the country, according to

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Tesla Supplier Pegatron To Make Components For The EV Maker In Texas: Report

By Rachit Vats

Today, 5:34 PM

Pegatron Corp has chosen a site in El Paso Texas, Texas to build a facility that will supply components for Elon Musk’s Tesla Inc (NASDAQ: TSLA), Reuters reported on Tuesday — citing a Taiwanese newspaper.

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GameStop Is Getting Rid Of Its Entire Debt: What You Need To Know

By Rachit Vats

Today, 5:34 PM

GameStop Corp (NYSE: GME) said Tuesday it is redeeming senior notes worth $216.4 million that were due in two years that would leave the company mostly debt-free.

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Cathie Wood Furthers Bet On Virgin Galactic, Also Adds DraftKings, Atlassian, Peloton

By Rachit Vats

Today, 5:34 PM

Cathie Wood-led Ark Investment Management on Tuesday bought in more shares of the space tourism company Virgin Galactic Holdings Inc (NYSE: SPCE).

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Is Chinese Giant Automaker Geely Joining Hip Rivals Nio, Xpeng, Li With US Listing?

By Rachit Vats

Today, 5:34 PM

Geely Automobile Holdings Ltd’s (OTC: GELYF) parent Zhejiang Geely Holding Group Co and among China’s largest automakers that owns multiple brands, is in talks to sponsor two blank-check acquisition deals,