Stock market today: Dow ends lower as Powell's hawkish testimony keeps tech on ice

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Go back to Stock market today: Dow ends lower as Powell's hawkish testimony keeps tech on ice

Tesla (TSLA) said to be acquiring wireless charging company, Wiferion

June 22, 2023 3:55 PM EDT

Tesla (NASDAQ: TSLA) is said to be in the midst of acquiring Wiferion, a Germany-based electric vehicle (EV) wireless charging company. An acquisition that could pave the way for Tesla to introduce a wireless home charging solution in the future.

The German edition of Business Insider, citing an anonymous source, reports that Wiferion is set to transfer its business to Tesla International BV. The... More

General Motors (GM) hires former Google exec Lin-Hua Wu as CCO

June 22, 2023 3:14 PM EDT

General Motors (NYSE: GM) revealed Thursday that the company has appointed former Google (NASDAQ: GOOG) executive, Lin-Hua Wu as senior vice president and chief communications officer. Wu replaces Craig Buchholz, who left the automaker May 1, said... More

Rivian (RIVN) owners poll shows overwhelming support for NACS adoption

June 22, 2023 1:09 PM EDT

American electric vehicle maker Rivian (NASDAQ: RIVN) announced earlier this week that the company will be joining fellow automakers Ford (NYSE: F) and General Motors (NYSE: GM) in adopting Teslas (NASDAQ: TSLA) North American Charging Standard (NACS).

A look at the companys owners forum reveals a strong consensus among owners and enthusiasts of the electric vehicle manufacturer's trucks in... More

Wells Fargo tactically positive on Amazon (AMZN) and Microsoft (MSFT)

June 22, 2023 8:30 AM EDT

Wells Fargo analyst Michael Turrin said the firm is tactically positive on Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) in a note Thursday due to a potential re-acceleration in cloud growth ahead.

However, in... More