UPDATE 3-EV startup Canoo's 2024 revenue forecast disappoints, shares tumble

EV startup Canoo's 2024 revenue forecast disappoints, shares tumble 38% in extended trading. Electric vehicle maker Canoo GOEV.O forecast 2024 revenue well below analyst expectations. Canoo also warned for the eighth straight quarter about its dwindling capital and ability to continue as a going concern. The EV industry has been struggling amid a slowdown in demand for battery-powered cars.

Auto File: Toyota outshines Tesla

Auto File: Toyota outshines Tesla in the electric vehicle slow lane. Tesla's first quarter deliveries are expected to be released on April 1 or 2. Chinese automakers are storming the Bangkok Auto Show. Ford and GM's chief financial officers reassure Wall Street about the future of the auto industry.

PRESS DIGEST - Wall Street Journal - March 26

Boeing's CEO Dave Calhoun will step down by year-end. Fisker said its for some kind of tie-up with a large automaker has broken down. Check-Cap agrees to be acquired by a digital marketplace for real-estate agents.

NYSE to commence delisting proceedings against Fisker

UPDATE 6-Fisker shares halted after deal talks with big automaker collapse

Fisker shares halted after deal talks with big automaker collapse. Trading in the shares of the company has been halted pending an announcement. Fisker last week paused electric-vehicle production. The startup is looking for strategic options after talks with a large automaker collapsed.

UPDATE 1-Fisker's deal talks with large automaker ends

Fisker says talks with a large automaker for a potential transaction has been terminated. Shares of the company fell more than 18% before the bell. Reuters reported earlier this month that Nissan was in advanced talks to invest in the company. Fisker is a maker of electric vehicles.

Fisker's deal talks with large automaker ends

BUZZ-U.S. STOCKS ON THE MOVE-Micron, US hotels, Exxon Mobil

Wall Street's main indexes rose on Monday. The Dow Jones Industrial Average was up 0.43% ahead of the U.S. Federal Reserve's meeting this week. Alphabet and Tesla were among the top percentage gainers on the S&P 500. Micron, US hotels, Exxon Mobil among the stocks on the move.

BUZZ-Fisker down on plans to pause production, raise funds

Shares of Fisker FSR.N down 10.2% at 1 cent in volatile trading after co said it would pause production and raise funds. Co to pause production of EVs for six weeks and raise up to $150 million by selling convertible. Stock has lost 90% of its value since the beginning of the year.

UPDATE 1-EV startup Fisker to pause production for six weeks, raises funds

Fisker says it will pause production of its electric vehicles for six weeks. EV startup says it has entered into financing commitment with an investor to sell up to $166.7 million in convertible. Fisker has hired restructuring advisers to assist with a possible bankruptcy filing.

EV startup Fisker to sell up to $166.7 mln senior secured convertible notes

EV startup Fisker to sell up to $166.7 mln senior secured convertible. Electric-vehicle startup has entered into financing commitment with an investor to sell the convertible. The company is selling the convertible to raise money for the development of electric vehicles.

Auto File: Tesla's Great Deflation 

Tesla is the worst performing stock on the S&P 500 index. $250 billion has been erased from the value of Tesla's owners since the start of the year. Honda and Nissan could share EV technology in a deal pointing the way to EV industry consolidation. Hybrid sales of electric vehicles are on the rise in the United States.

BUZZ-U.S. STOCKS ON THE MOVE-Intuitive Surgical, NuScale Power, Hibbett

U.S. Stock index futures struggle for direction after hotter-than-expected inflation data roiled rate-sensitive stocks in the previous session. Dow e-minis were up 0.14% at 38,969.5. The top three NYSE percentage gainers premarket were Fisker, Geron and Gray Television. Intuitive Surgical, NuScale Power and Hibbett are down in premarket trading.

BUZZ-U.S. STOCKS ON THE MOVE-G-III Apparel Group, Tesla, MicroStrategy

G-III Apparel Group, Tesla, MicroStrategy and United States Steel fall on Thursday. The Dow Jones Industrial Average was down 0.48% and the S&P 500 and Nasdaq Composite also fell. Wall Street's main indexes slipped on Thursday after hotter-than-expected producer prices data.

BUZZ-U.S. STOCKS ON THE MOVE-Robinhood Markets, ADM, Vaalco Energy

Dow Jones Industrial Average down 0.25%, S&P 500 and Nasdaq Composite also down. Producer prices data comes in hotter than expected. Build-A-Bear Workshop, ADM and Under Armour rise after strong quarterly results. Robinhood Markets, Netflix and GIII Apparel all rise.

BUZZ-Fisker hits record low on report of bankruptcy filing

Shares of EV startup Fisker FSR.N falls 50.64% to a record low of 16 cents. Wall Street Journal reports company has hired financial adviser to assist with possible bankruptcy filing. FSR has lost 56% of its value since March 1. EV demand has been hit hard as customers shy away from discretionary purchases.

BUZZ-U.S. STOCKS ON THE MOVE-Dick's Sporting Goods, Build-A-Bear, Spruce Biosciences

Wall Street's main stock indexes on track to a higher opening on Thursday. Dow e-minis were up 0.27% in premarket trading. Dick's Sporting Goods, Build-A-Bear, Spruce Biosciences among top stocks on the move.

BUZZ-U.S. STOCKS ON THE MOVE-Netflix, RTX, Dollar General

Futures tracking Wall Street's main stock indexes advanced on Thursday. Dow e-minis were up 0.38% ahead of the release of producer prices for March. Netflix up 1.7% in premarket trading. Dollar General up 5.8% after upbeat 2024 sales forecast.

BUZZ-Fisker tanks after report of bankruptcy filing

Fisker shares FSR.N sink 36% to 20 cents premarket after report of electric vehicle startup preparing to file for bankruptcy. Fisker has lost 56% of its value since March 1. Electric vehicle demand has been hit hard as customers shy away from discretionary purchases.

PRESS DIGEST -Wall Street Journal - March 14

Under Armour says founder Kevin Plank will return to the company as CEO. Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing. U.S. Treasury Department is investigating $165 million in cryptocurrency-linked transactions that may have helped finance Hamas.