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Nikola: Former executive chairman misled investors numerous times

Electric truck company Nikola is throwing its founder and former executive chairman Trevor Milton under the proverbial hydrogen-powered bus. In a filing late Thursday with the Securities and Exchange Commission, Nikola acknowledged seven “inaccurate” statements that Milton, who left the company in September, allegedly made between July 2016 and July 2020 about the company’s progress

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IPhone builder Foxconn is working on an electric car with Fisker

Foxconn, the Taiwan-based electronics manufacturing company best known for assembling the Apple iPhone, is working on an agreement with the California electric car company Fisker to develop an electric vehicle, the companies announced Wednesday. Fisker Inc. went public last year through a SPAC merger with Spartan Energy Acquisition. Founded by car designer Henrik Fisker, the

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FCC approves $50 monthly internet subsidies for low-income households during pandemic

The Federal Communications Commission on Thursday approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic. The agency’s $3.2 billion Emergency Broadband Benefit Program provides eligible low-income households with up to a $50 per month credit on their internet bills through their provider until

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