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Stocks Making the Biggest Moves Midday: Intel, Zoom Video, Party City, Airbnb & More
Check out the companies making headlines in midday trading.
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GM's Cruise Founder Expects Consolidation for Makers of Lidar Self-Driving Vehicle Sensors
In a series of tweets, Cruise President Kyle Vogt said recent valuations of lidar firms that have cut deals to go public with SPACs are overvalued.
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GM's U.S. Sales Rose 4.8% in the Fourth Quarter in an Otherwise Dismal Year
GM reports its domestic sales during the last three months of last year increased 4.8% compared to 2019.
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Nikola Shares Slide After Deal Ends for Electric Garbage Trucks With Republic Services
Nikola said the decision was made after both companies determined the it would “result in longer than expected development time, and unexpected costs.”
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GM Recalls 840K Vehicles for Seat Belt, Suspension Problems
General Motors is recalling nearly 840,000 U.S. vehicles for suspension problems or because the front seat belts can fail. The seat belt recall covers 624,000 2019 through 2021 Chevrolet Silverado 1500 and GMC Sierra 1500 pickups. Also included are the 2021 Chevrolet Suburban and Tahoe and GMC Yukon XL, and the 2020 and 2021 Silverado and Sierra 2500 and 3500….
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