Blog – Left Sidebar

Nikola Corp. disclosed Wednesday that it granted stock awards to executives in 2020 with a combined value of about $567 million, intended as an “incentive for future performance.”

U.S. stocks on Wednesday head for a third straight loss as fears of inflation weigh on Wall Street sentiment. Investors will watch for minutes from the Federal Reserve’s most recent policy meeting for clues on how the central bank will address evidence of pricing pressures building in the economy, which it has so far described as transitory.

Noted value fund manager GMO points to increased supply of stock being a signal of an imminent bust in the speculative tier of equities.

Adjusted earnings per share came in at 525% higher than last year.