Business
Workhorse Sinks 54% in Two Days After Losing Out on USPS Award – Yahoo Finance
(Bloomberg) — Electric-vehicle maker Workhorse Group Inc. shares plummeted on Wednesday, extending its decline to about 54% in two trading sessions, after…
(Bloomberg) — Alibaba Group Holding Ltd, once the most valuable company in China, is turning from a global hedge fund favorite to something less than desirable.Investors from hedge fund titans such as Point72 Asset Management and Moore Capital Management to Canadian and U.S. pension funds dumped 101 million of Alibabas American depositary receipts in the fourth quarter, cutting the market value of their holdings by $89 billion, according to filing data. It was the biggest investment reduction among…
