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The European Union Times

Economy & Finance News

Economy

Nikola shares plummet to record low on $100M stock-sale plan

Shares of Nikola Corporation, a manufacturer of electric vehicles, plummeted to a record low on Tuesday following news that the company is planning a $100 million stock sale. The Phoenix-based company's stock dropped as much as 19% in trading, according to CNBC. This marks the company's lowest share price since it went public in June […]

Economy

American Inequality is (Finally) Lessening

In recent years, the issue of economic inequality in America has been a highly talked about topic. Despite its prevalence, it is encouraging to see that there are signs of improvement. According to a recent report released by the U.S. Census Bureau, American inequality is finally lessening. The report found that the U.S. poverty rate […]

Economy

Malaysia’s top court refuses ex-PM Najib’s bid for review

Malaysia's top court on Friday refused former Prime Minister Najib Razak's bid for a review of his corruption conviction, a decision that could see him jailed for up to 12 years. The Federal Court, the nation's highest court, rejected Najib's appeal for a review of his conviction on seven charges of abuse of power, criminal […]

Economy

Ford says EV unit losing billions, should be seen as startup

Ford Motor Company, the iconic American carmaker, has announced that its electric vehicle (EV) division is losing billions of dollars and should be viewed as a startup company. The announcement was made on Wednesday as Ford reported a $2.2 billion loss in its fourth quarter earnings. The loss was attributed in part to the company's […]

Economy

Asian shares decline after Fed hints rate hikes may end soon

Asian stocks fell on Tuesday after the U.S. Federal Reserve hinted that its current rate hike cycle may be nearing an end. The losses came after Wall Street had rallied on Monday, with the Dow Jones Industrial Average rising 1.2 percent, its biggest one-day gain since early June. In Asia, the Shanghai Composite Index fell […]

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