The Securities and Exchange Commission is looking into whether electric-truck maker Nikola Motors misled investors, Reuters reported Monday and the company confirmed to Business Insider. The probe follows a detailed report last week from short-seller Hindenburg Research accusing Nikola of “intricate fraud” and “deception” by overstating the capabilities of its trucks. Nikola’s stock plummeted as…Continue Reading

New Zealand probing if virus linked to cool food store

New Zealand officials are investigating the possibility that its first Covid-19 cases in more than three months were imported by freight, as the country’s biggest city plunged back into lockdown. The discovery of four infected family members in Auckland led Prime Minister Jacinda Ardern to swiftly reimpose tight restrictions in the city and social distancing…Continue Reading