News Highlights: Top Company News of the Day
July 06 2022 - 7:15AM
Dow Jones News
Batteries Become Do-Or-Die for Air-Taxi Startups
The dream of electric air taxis has always depended on the
reality of batteries. With money for moonshots drying up, investors
may be wise to focus on today's technology rather than
tomorrow's.
Highflying Cyber Firms Cut Staff After Raising Hundreds of Millions of Dollars
Security startups hunker down and stockpile cash as they prepare
for a bear market.
Amazon Strikes Partnership Deal with Grubhub That Could Include Small Equity Stake
Amazon.com agreed to add Grubhub to its suite of Prime services
in the U.S., in a deal that also gives the e-commerce giant the
option to acquire a small stake, the parent of the food-ordering
company said.
Crypto Broker Voyager Digital Files for Bankruptcy Protection
The voluntary filing comes after crypto hedge fund Three Arrows
Capital defaulted on a large loan from a Voyager unit.
Cosco Shipping Energy Shares Fall as Oil Demand Outlook Deteriorates
Shares of Cosco Shipping Energy Transportation Co. fell sharply
in both Hong Kong and China markets on Wednesday, following an
overnight drop in crude prices and an increasingly dim outlook for
energy demand.
Tiger Global's Flagship Hedge Fund Has First Gain Since October
The hedge fund remains down 50.1% for the first half of the
year, worse than losses notched by major stock-market indexes.
FDA Suspends Ban on Juul While Vaping Company Appeals
The agency in June ordered the e-cigarette maker to pull its
products off the U.S. market, saying Juul hadn't submitted
sufficient evidence that they were safe.
Spirit Airlines Prevails in Battle for Newark Airport Position
The Transportation Department says Spirit will ensure more
low-cost flight options at the East Coast hub. United Airlines
argued that Newark already is over capacity.
Nasdaq, NYSE Win Court Battle With SEC Over Market Data
A three-judge panel found that the Securities and Exchange
Commission had exceeded its authority under federal law when it
issued a 2020 order overhauling the governance of data feeds.
Walmart Tells Suppliers New Fuel and Pickup Fees Are Coming
The retailer says the new charges going into effect Aug. 1 are
in response to higher transportation costs. Amazon made a similar
move in the spring.
(END) Dow Jones Newswires
July 06, 2022 07:00 ET (11:00 GMT)
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