Why QuantumScape investors are still waiting for new EV batteries

A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards.   QuantumScape, which was founded in 2010, went public via a merger with a special-purpose … Read more

Stocks retest the lows with investors facing an aggressive Fed, consumers in combustible mood

Lily Tomlin might have been talking about today’s stock market when she said, “No matter how cynical you become, it’s impossible to keep up.” Wall Street for months has been working to take a dimmer view of the future, brace for uncomfortably corrosive inflation and dampen its optimism on economy. Yet so far these efforts … Read more

Cosmetics maker Revlon nears chapter 11 filing

Check out what’s clicking on FoxBusiness.com. Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and supply-chain pressures, people familiar with the matter said. The cosmetics maker, owned by billionaire Ron … Read more

Why Wendy’s founder named his burger empire after his daughter — and came to regret it

Pam’s. Kenny’s. Molly’s. Lori’s. Melinda’s…Dave Thomas, a successful Kentucky Fried Chicken franchise owner in Columbus, Ohio, and a protege of founder Colonel Harlan Sanders, was struggling in 1969 to find a name for a new hamburger concept he hoped to open.The fast-food burger market was becoming saturated, but Thomas believed there was an opening to … Read more

Google agreed to pay $118 million to settle a gender discrimination lawsuit

Google’s parent company Alphabet will pay $118 million to 15,500 current and former female employees in order to settle a class action lawsuit that has been in the works for five years. The plaintiffs in the case account for a broad range of roles within the company, including managers, engineers, sales representatives and at least … Read more

Elon Musk’s ‘best’ Twitter offer looks bogus

The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries.  It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things (weird tweets nearly got him jammed up … Read more

Wells Fargo under criminal probe for alleged fake job interviews of minority candidates

Wells Fargo is under criminal investigation after bank managers were accused of conducting sham interviews with minority and female candidates for roles that were already filled in order to boost the bank’s diversity statistics. The probe is being led by the new civil rights unit within the criminal division of the Manhattan U.S. attorney’s office. … Read more

Ant Group IPO Revival Buffets Alibaba Stock

I was amazed when I got the breaking news alert on my phone here in Hong Kong at 8:48 p.m. Thursday. The Alibaba Group Holding (BABA) spinoff Ant Group is reviving plans for its initial public offering. “Wow, things have really turned full circle,” I thought to myself. After all, it was Ant’s initial plans … Read more