Is it the end of the Cybertruck? Elon Musk announces factory will shift production

Archer Aviation’s stock is flying higher after the company agreed to buy three business units from Boeing.

The Justice Department has seized more than 1,000 domains illegally streaming World Cup matches. The seizures, announced Monday (July 20), took place in three different actions during the global soccer tournament, and were based on investigation by the U.S. Immigration and Customs Enforcement Homeland Security Investigations (HSI) Washington Field Office and the National Intellectual Property…

Corn futures extended the rally to Tuesday, with contracts closing 3 ½ to 6 ¾ cents higher, as July was just 1 ¾ cents higher. The CmdtyView national average Cash Corn price was a nickel higher at $4.13 3/4.  The weekly Crop Progress report showed 16% of the US corn crop silking by July 5, 2…

A company that grows revenue 92% and still loses half a billion dollars is doing two very different things at once. SpaceX (SPCX +1.55%) did exactly that in the second quarter. The rocket maker booked $7.8 billion of revenue across its three businesses, up 92% from a year earlier, and still lost $541 million. The…

Fall is almost here and a slight chill — plus the scent of freshly sharpened pencils — is in the air. For Starwood Capital Group, there’s also a new leader at the helm of its debt business as the firm gears up for the fourth quarter.  Starwood Capital has hired Michael Eglit as its new…

Behavior intelligence company Malachyte has closed a $10 million seed funding round. The company was co-founded by the team behind the behavioral intelligence infrastructure that powers the bulk of Spotify’s recommendations and aims to bring the same technology to retail and eCommerce brands, Malachyte said in a Thursday (Aug. 6) news release. “The raise comes as consumer e-commerce faces…