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.
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.
Hasbro Inc. launched a $500 million bond deal Wednesday, raising debt for the first time in nearly five years and joining a wave of blue-chip companies storming the US investment-grade market in the busiest week of the year.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}