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☆ NBA roundup: Jayson Tatum sends Celtics past 76ers
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +6 min

Jaylen Brown led the Celtics with 26 points, Tatum added 18 points, 13 rebounds and six assists and Derrick White had 18 points. Gary Trent Jr. added 19 points for the Raptors, who have won four in a row for the first time this season. Tyrese Haliburton added 15 points and 14 assists, and Andrew Nembhard scored 13 points. LaMelo Ball had 19 points and 13 assists, Kelly Oubre Jr. and Dennis Smith Jr. both supplied 15 points and Terry Rozier finished with 14 points. Bam Adebayo had 14 points and Kevin Love posted 13 points and 13 rebounds for the Heat, who shot 40 percent from the field.

☆ NBA roundup: Kings edge Clippers 176-175 in 2OT
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +6 min

Kawhi Leonard scored 44 points and Paul George added 34 points and 10 rebounds for the Clippers. Russell Westbrook scored 17 points and dished out 14 assists in his debut with the team. Brunson was held to 13 points and shot 6-of-20 after averaging 32.5 points in his final eight games before the All-Star break. Andre Drummond (13 points, 10 rebounds) and Nikola Vucevic (13 points, 10 rebounds) both notched double-doubles for Chicago. Chris Paul scored 16 points and Josh Okogie added 15 as Phoenix won for the 12th time in 16 games.

☆ NBA roundup: Malik Beasley leads revamped Lakers to win
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +8 min

Anthony Davis scored 12 points with 12 rebounds for Los Angeles. Klay Thompson scored 22 points and Ty Jerome added 20 for the Warriors, who were without Stephen Curry (leg) and Andrew Wiggins (personal). Evan Mobley had 31 points and nine rebounds, Donovan Mitchell and Darius Garland scored 22 points each, and Jarrett Allen had 14 points and 13 rebounds for the Cavaliers. Tatum had 31 points, 12 rebounds and seven assists. Anunoby returned from a wrist injury to score 12 points, but Toronto was without Fred VanVleet (personal).

☆ Nikola’s Costs Rise Ahead of Hydrogen-Electric Truck Launch
▼ + stars: | 2023-02-23 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

Nikola Corp. is eating up cash as it works to increase production of its zero-emissions trucks. Nikola Corp. reported rising expenses and declining revenue, cutting into the company’s cash reserves as it works to accelerate production of its zero-emissions trucks. Nikola said revenue for the three months ended Dec. 31 was $6.6 million, down from $24.2 million in the prior quarter. The Arizona-based company said it ended the quarter with a cash balance of $323 million, down from $403.8 million at the end of the prior quarter and $522.2 million at the end of 2021.

☆ Tesla is still the benchmark in EVs, and some rivals will fail or be bought, says former Ford CEO
▼ + stars: | 2023-02-23 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Tesla is still the EV market benchmark, according to former Ford CEO Mark Fields. He told CNBC on Thursday that some of the smaller players in the field risk failing or being bought by rivals. It's only going to get tougher, especially at the high end price range where competition is stiff, Fields said. "I think every automaker still benchmarks Tesla as the leader at this point," Fields said. "One thing is for sure - these companies are going to continue to need capital to grow their businesses," Fields said.

☆ Stocks making the biggest moves midday: Domino's Pizza, Lucid, Nvidia, Nikola and more
▼ + stars: | 2023-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Lucid Group — The electric vehicle maker tumbled more than 18% after posting fourth-quarter revenue that fell short of analysts' expectations. Mosaic Company — Shares of the fertilizer mineral company added 1.4% on Thursday after Mosaic's quarterly revenue came in higher than expected. The company generated $4.48 billion in revenue, while analysts surveyed by StreetAccount were expecting $4.17 billion revenue. Domino's Pizza , Papa John's International — The pizza chains fell 11% and 7.6%, respectively, after they reported mixed earnings. Nikola — Shares fell more than 7% after Nikola reported quarterly revenue that disappointed analyst expectations.

☆ Nikola's fourth-quarter revenue falls short as it delivers just 20 trucks
▼ + stars: | 2023-02-23 | by ( John Rosevear | ) www.cnbc.com time to read: +1 min

Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street's expectations. Nikola said it made a series of changes to its battery-electric truck during the quarter in response to feedback from early customers. Here are the key numbers from Nikola's fourth-quarter earnings report, compared with Refinitiv consensus estimates:Adjusted loss per share: 37 cents vs. 43 cents expected37 cents vs. 43 cents expected Revenue: $6.6 million vs. $32.1 million expectedNikola's fourth-quarter production brought it to 258 trucks built in 2022. That was just enough to hit the guidance range it provided in November, when it said it expected to produce between 255 and 305 trucks for the full year. Nikola said that investors should expect it to deliver between 250 and 350 battery-electric trucks and 125 to 150 of its upcoming fuel-cell trucks this year.

☆ EV maker Nikola misses quarterly revenue estimates on weak deliveries
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

Companies Nikola Corp FollowFeb 23 (Reuters) - Nikola Corp's (NKLA.O) fourth-quarter revenue missed Wall Street expectations on Thursday as the electric truck maker delivered fewer vehicles to dealers than it produced. The EV maker produced 133 trucks and delivered 20 vehicles to dealerships. It expects to deliver between 250 and 350 Tre battery electric trucks this year and at least 125 fuel-cell electric trucks in the fourth quarter. Nikola reported revenue of $6.6 million for the quarter ended Dec. 31, below analysts' estimates of $32.1 million, according to IBES data from Refinitiv. Net loss stood at $222.1 million for the quarter ended Dec. 31, compared with a loss of $158.9 million a year earlier.

☆ Lucid shares stumble on dour EV production target as price war weighs
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

Feb 23 (Reuters) - Shares of Lucid Group Inc (LCID.O) slumped 10% in premarket trading on Thursday after the electric vehicle maker's 2023 production targets fell short of expectations amid waning demand and a price war unleashed by market leader Tesla Inc (TSLA.O). Lucid expects to produce 10,000 to 14,000 luxury electric vehicles this year, below analysts' estimates of 21,815 cars, according to Visible Alpha. Tesla shares rose 1.3%. About a quarter of Lucid's free float shares are in short position, according to analytics firm Ortex. Meanwhile, Nikola Corp's shares (NKLA.O) rose 4.7% on receiving an order for 20 hydrogen electric trucks from German logistics company Richter Group.

☆ Nikola will offer a hands-free highway driving system for its trucks starting next year
▼ + stars: | 2023-02-22 | by ( John Rosevear | ) www.cnbc.com time to read: +1 min

Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday. Plus already provides the PlusDrive system to Italian heavy-truck maker Iveco, a longtime Nikola partner. Iveco began testing its own PlusDrive-enabled trucks earlier this month. Nikola said that several of its fleet customers, including PGT Trucking and Christenson Transportation, have agreed to test prototype PlusDrive-enabled Nikola semitrucks. The company expects to begin offering PlusDrive on its regular production battery-electric and fuel cell trucks by the end of 2024.

☆ Nikola will offer a driver-assist system for its trucks starting next year
▼ + stars: | 2023-02-22 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday. But a Nikola representative told CNBC the system as it will be integrated into the company's semitrucks is designed to be an "eyes-on-road, hands-on-wheel" system. Plus already provides the PlusDrive system to Italian heavy-truck maker Iveco, a longtime Nikola partner. Nikola said that several of its fleet customers, including PGT Trucking and Christenson Transportation, have agreed to test prototype PlusDrive-enabled Nikola semitrucks. Clarification: Plus's advanced driver-assist system as integrated into Nikola's semitrucks is designed to be an "eyes-on-road, hands-on-wheel" system, according to a company representative.

☆ Warren Buffett is missing out on this year’s market comeback
▼ + stars: | 2023-02-19 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

But the Oracle of Omaha has missed out on this year’s stock market rally. Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market. “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Investors will get several more clues about consumer spending this week when several top retailers report earnings.

The 2023 NBA All-Star game will air live on TNT at 8:30 p.m. ET TNT NBA All-Star Game February 19, 8:30 p.m. ET TNTHow to watch the 2023 NBA All-Star GameYou can watch the 2023 NBA All-Star game on TNT; the draft begins at 7:30 p.m. Of those options, Sling TV is the most affordable service that lets you stream the NBA All-Star Game. The teams for the 2023 NBA All-Star Game will be decided by a draft before the game.

☆ NBA roundup: Jayson Tatum's big 2nd half leads Celtics past Pistons
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +7 min

Tatum had 24 points, including six 3-pointers, in the third quarter -- the most points he's scored in one quarter during his NBA career. Jalen Green scored 14 points before exiting in the second quarter due to a groin strain. Bane added 24 points and six rebounds, while Ja Morant tallied 20 points, nine assists and eight rebounds. Utah's Kelly Olynyk had a double-double in the first half, and he wound up with 28 points, 14 rebounds and six assists. Jordan Clarkson added 20 points, nine rebounds and six assists, while Walker Kessler logged 10 points and 14 rebounds.

☆ NBA roundup: Kings spoil Mavs' Luka Doncic-Kyrie Irving debut
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +8 min

Kevin Huerter scored all 15 of his points in the second half, Trey Lyles added 14 points and Harrison Barnes had 13 for the Kings. Mikal Bridges scored 23 points in his Nets debut after being obtained from the Phoenix Suns on Thursday for Kevin Durant. The Hornets' losing streak reached seven games despite LaMelo Ball coming within a rebound of a triple-double. Jokic, who pulled in seven offensive rebounds, scored 40 points in a mid-December home victory against the Hornets. DeMar DeRozan followed with 16 points, and Nikola Vucevic notched a double-double of 14 points and 14 rebounds.

☆ Nikola Constructs Hydrogen Fuel Network to Power Zero-Emissions Trucks
▼ + stars: | 2023-02-11 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

Nikola plans to brand its hydrogen filling stations under the name ‘Hyla.’Nikola Corp. has started work on hydrogen plants, part of a fueling network the company intends to underpin its push to compete in the nascent zero-emissions truck market. The seven-year-old manufacturer has also signed up a handful of hydrogen producers that have agreed to supply hydrogen for Nikola vehicles in parts of the U.S. and Canada, as the company seeks to have enough fuel for about 7,500 heavy-duty trucks by 2026.

☆ NBA roundup: Bucks win ninth straight as Lakers rest LeBron James
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

Khris Middleton scored 22 points off the Milwaukee bench, and Jrue Holiday finished with 18 points, seven rebounds and seven assists. Nikola Vucevic added 15 points and 17 rebounds and DeMar DeRozan finished with 14 points. Cole Anthony and Bol Bol scored 17 apiece as the Magic won for the third time in four games. Hawks 116, Suns 107Trae Young collected 36 points, 12 assists and seven rebounds to fuel host Atlanta to victory over short-handed Phoenix. Ish Wainright scored 17 points and Chris Paul added 15 points and eight assists for the Suns, who saw their three-game winning streak come to a halt.

☆ Where EV trucks are going to hit the road first
▼ + stars: | 2023-02-10 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +5 min

Due to the limitations that EV truck batteries face in mileage range, they're best suited for drayage transportation, or the movement of goods across short distances. So, trucking companies are making efforts to develop short-haul EV trucks and put them to use at ports and intermodal logistics facilities. How electric trucks navigate long-haul shipping is one of the main issues that the trucking industry faces as it looks to expand EV usage. Performance Team, a subsidiary of shipping giant Maersk, deployed Volvo short-haul EV trucks in Southern California for distribution facilities and warehouses starting last October. Regardless of how these EV trucks are being deployed to lower carbon emissions, the goal is also for them to save the trucking companies money.

☆ NBA roundup: Thunder spoil LeBron James' record night
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +5 min

[1/5] Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) moves the ball against the Oklahoma City Thunder during the second half at Crypto.com Arena. Shai Gilgeous-Alexander scored 30 points and dished out eight assists for the Thunder, while Jalen Williams added 25 points. He became the first player in franchise history with three straight 40-point games and scored 13 of his points in the fourth. Dejounte Murray had 19, Trae Young had 16 points and 16 assists, John Collins scored 15 points and Clint Capela added 13. Jackson led the charge with support from Ja Morant, who finished with a game-high 34 points, and Brandon Clarke, who came off the bench for 13 points.

☆ The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard
▼ + stars: | 2023-02-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Adani Group companies have lost over $110 billion in market value in the past fortnight. These losses eclipse those at other short seller targets like Enron and Wirecard. Enron lost more than $65 billion between August 2000 and December 2001 when it filed for Chapter 11 bankruptcy, per Bloomberg's record. In Wirecard's case, it was short seller Fraser Perring, who in a 2016 report, accused the payments firm of money laundering and fraud. Shares of Adani Transmission, Adani Green Energy, and Adani Power were also up.

☆ NBA roundup: Warriors' Klay Thompson bombs in 12 treys
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +6 min

Poole finished with 21 points while Andrew Wiggins added 18 for the Warriors, who earned their second consecutive win. The Spurs, who lost for the ninth straight time, got 21 points from Keldon Johnson. Donovan Mitchell had 21 points and Evan Mobley added 16 for Cleveland, which has won three in a row. Will Barton added 15 points for the Wizards, who were without Kyle Kuzma (ankle) and Bradley Beal (foot). Tim Hardaway Jr. added 17 points and Dwight Powell totaled 12 points and 16 rebounds for the Mavericks.

☆ NBA roundup: Giannis' triple-double sparks Bucks to 7th straight win
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +9 min

Khris Middleton scored 24 points off the bench for the Bucks, who won their seventh straight game. Tyler Herro added 24 points despite shooting just 2 of 8 from 3-point range, and Bam Adebayo recorded a double-double of 16 points and 11 rebounds. Jalen Brunson scored 41 points, three shy of his career high, while Julius Randle posted 28 points and 11 rebounds for the Knicks. De'Andre Hunter scored 20 points and Clint Capela had 12 points and 11 rebounds. DeMar DeRozan collected 27 points, seven assists and seven rebounds, and Nikola Vucevic had 23 points and 11 rebounds.

☆ U.S. sweep Uzbekistan in Davis Cup qualifiers, Sweden and France through
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +3 min

With 24 nations competing in the qualifiers this weekend, the 12 winning teams will qualify for the Davis Cup Finals group stage in September alongside 2022 champions Canada and runners-up Australia. Denis Kudla then stepped on court for his Davis Cup debut in the third singles rubber to beat Amir Milushev 6-4 6-4 to seal a 4-0 victory for the record 32-times Davis Cup winners in Tashkent. And I'm already looking forward to the finals," Mikael said. Playing in Davis Cup means a lot for me because it's an unbelievable competition and I'm very proud of myself today," said debutant Humbert, who had also won his first singles rubber on Friday. Serbia also qualified after Nikola Cacic and Filip Krajinovic won their doubles match 6-4 3-6 6-3 against Norway to give their team a 3-0 lead.

☆ Some Neanderthals couldn't smell their own stink, suggests a new study recreating early humans' noses
▼ + stars: | 2023-02-03 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Meanwhile, one group of a related species — Neanderthals — developed a mutation that could have spared them the smell of their own body odors. It's a popular idea that humans have a bad sense of smell, as compared with dogs, for instance. Will Oliver/PA Images/Getty"We have to really understand ourselves within our own context," rather than comparing humans to dogs or monkeys, as previous research on smell receptors has done, Hoover said. To Hoover's surprise, the Neanderthals, Denisovan, and humans all appeared to have the same repertoire of smells. More research like it, with more samples of ancient genomes, could reveal a clearer picture of Neanderthal and Denisovan life.

☆ NBA roundup: LeBron James' triple-double sinks Knicks in OT
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +4 min

[1/5] Jan 31, 2023; New York, New York, USA; Los Angeles Lakers forward LeBron James (6) controls the ball against the New York Knicks during the fourth quarter at Madison Square Garden. James, who missed Los Angeles' Monday defeat to the Brooklyn Nets with a sore left ankle and left foot, finished with 28 points, 11 assists and 10 rebounds. Adebayo grabbed 11 rebounds and Martin hauled in 10 for the Heat, who won for the fourth time in five games. Evan Mobley led Cleveland with 19 points while Jarrett Allen had 14 points and 11 rebounds. Los Angeles capitalized on 20 Chicago turnovers to improve to 2-1 on a six-game road trip and win for the sixth time in seven games.

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