Lion Electric Drops on Revenue Miss, Dwindling Cash Balance
Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.
Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.
Tobacco bonds faltered to become the worst performers in high-yield municipal debt as a decline in smoking drove the payments that back the securities to a record low.
The floods and severe rainfall that ravaged Southern Brazil are hurting the nation’s powerhouse agricultural sector, with industries from auto manufacturing to banking and insurance also bracing for disruption.
Japanese trading house Itochu Corp. is in talks for a long-term contract to buy liquefied natural gas from the proposed Ksi Lisims project on Canada’s northwest coast, part of a wider push by Asian importers to secure fuel.
US government debt remained lower on the day as the Treasury’s sale of 10-year notes was met with tepid demand.
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