Wall Street Lunch: Nikola Pulls The Plug

2025-02-19 14:33:00 ET

Summary

• Nikola filed for Chapter 11 bankruptcy, aiming to auction and sell assets while maintaining limited operations, citing market challenges and liquidity issues.
• January housing starts dropped 9.8%, impacting residential investment, while building permits slightly increased, indicating potential economic weakness in 2024.
• Celanese faces weak demand, reporting a quarterly loss, while SolarEdge rallies despite losses due to positive free cash flow and revenue guidance.

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Nikola has about $47 million in cash on hand. (0:15) Apple unveils iPhone 16e . (3:53) See the new king of the ETFs. (4:33)...

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