Live News Updates: Robinhood is being investigated by the SEC over its compliance with short selling rules
A Lucid Motors factory in Arizona © Bloomberg Tesla rival Lucid Motors cut its 2022 production target in half on Wednesday, citing “extraordinary supply chain” challenges as it tries to ramp up production and meet “strong demand.” The California-based group, backed by Saudi Arabia’s sovereign wealth fund, said 2022 production is now estimated at 6,000 to 7,000 cars, down from an earlier projection of 12,000 to 14,000, which was a cut compared to the forecast at the beginning of the year of 20,000. vehicles Shares in the electric carmaker have already fallen 50 percent this year, reflecting numerous challenges ramping…
Read More »Kaleyra lays out the August 2022 financial conference calendar
NEW YORK , August 3, 2022 /PRNewswire/ — Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) (“Kaleyra” or the “Company”), an omnichannel business communications platform, is scheduled to participate in the following financial conferences in the coming weeks: Oppenheimer 25th Annual Technology, Internet and Communications ConferenceDate: Wednesday, August 10, 2022Format: Presentation, 1×1 MeetingsPlace: VirtualWeb Presentation Link: Here Rosenblatt Securities Second Annual Virtual Technology Summit: The Age of AI ScalingDate: Thursday, August 25, 2022Format: Fireside Chat, 1×1 MeetingsPlace: Virtual For additional information, please contact your financial institution representative or contact Kaleyra’s Investor Relations team at [email protected] or 949-574-3860. About Kaleyra Kaleyra,…
Read More »State House and Senate candidates submit campaign finance disclosure documents | Local news
Republican and Democratic candidates for Tennessee House Districts 61, 63, 65 and 92 and Senate District 27 will be on the state’s primary ballot on Aug. 4, and all have submitted nomination forms. pre-campaign financial disclosure to the Tennessee Registry of Election Finance. Here’s an overview of these candidates’ campaign funds and expenditures, organized chronologically by district. House District 61 Republicans Gino Bulso and Bob Ravener are running for the Republican nomination in District 61. Bulso’s final balance in his pre-primary form was $45,947. Their contributions in the second quarter totaled $40,906.46 and $13,325 in the pre-primary form, with donors…
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Ranking Members News | newsroom
August 3, 2022 Americans in all income brackets would bear the burden of the increased taxes; the manufacturing sector would be the most affected Washington, DC — U.S. Sen. Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, led a press conference with Finance Committee Republicans to highlight proposals to increase taxes on the mislabeled “Inflation Reduction Act.” Nonpartisan expert analyzes have shown that the legislation would increase the tax burden on low- and middle-income Americans; hit manufacturing; and do nothing to reduce inflation. “The bottom line: This tax is dangerous for America.” To see Crapo’s full statements, click…
Read More »Warner Bros. Discovery plans to cut jobs and restructure HBO Max as earnings rise
Warner Bros. Discovery ( WBD ) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is due to report its first quarterly earnings since the $43 billion merger, plans to shed 70 percent of its development business. according to The Wrapwhich cited “multiple insiders.” The news has fueled speculation regarding the future of HBO Max with sources explaining The Wrap that CEO David Zaslav, known for his cost-cutting leadership style, will announce a major restructuring at both HBO Max and Discovery+ during or shortly after earnings results. The outlet explained…
Read More »President’s News | Newsroom | The United States Senate Finance Committee
August 3, 2022 As is ready for delivery The last place anyone wants to hear about mismanagement and incompetence is in the business of saving lives. This is precisely and unfortunately what the Finance Committee is meeting to discuss today. This morning’s hearing is an update to an investigation that Senator Grassley and I, along with Senator Cardin and Senator Young, have been conducting for more than two and a half years. It examines the network of dozens of organizations that manage organ transplants and, in particular, the group that oversees and coordinates them, the United Network for Organ Sharing,…
Read More »AssetMark Financial: Second Quarter Earnings Summary
CONCORD, Calif. (AP) _ AssetMark Financial Holdings Inc . ( AMK ) reported second-quarter profit of $25.3 million on Wednesday. The Concord, Calif.-based company said it had a profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share. The results beat Wall Street expectations. The average estimate of four analysts polled by Zacks Investment Research was for earnings of 40 cents per share. The financial services company reported revenue of $151.2 million for the period, also beating Street forecasts. Three analysts polled by Zacks were expecting $149.9 million. Shares of AssetMark Financial…
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After Alex Jones’ lawyers accidentally leak years of emails, Infowars financial documents are revealed in court
Alex Jones’ lawyers appeared to have accidentally sent the entire contents of the Infowars founder’s phone to plaintiffs’ lawyers in his defamation trial, according to court proceedings Wednesday. Mark Bankston, lawyer for the parents of one of the children killed in the 2012 Sandy Hook Elementary School massacre and who are now suing Jones, said during the proceeding that “12 days ago, his [Jones’] lawyers got it wrong and sent me a digital copy of every text” and an email from Jones’ phone. After Bankston told Jones that the Sandy Hook parents’ legal team had access to years of his…
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