Chevron, General Motors, Zoom, AT&T: Stocks That Defined the Week

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Here are the stocks that defined the week

Spending projections are sliding at two of the world’s energy giants. Chevron Corp. on Thursday said it will cut its annual capital spending budget by 26% next year and sharply through the middle of next decade, as the coronavirus pandemic forces an industry-wide reappraisal of fossil fuel investment. That followed Exxon Mobil Corp.’s retreat from a plan to increase spending to boost its oil-and-gas production as the struggling company reassesses its next decade. Chevron shares fell 0.

Under the revised deal, GM still intends to provide Nikola with fuel-cell technology but is scrapping plans to build an electric pickup truck called the Badger for Nikola and will no longer take a stake in the company. The move comes after a short seller’s report raised questions about the readiness of some aspects of Nikola’s business, allegations the company said were false and misleading. GM shares fell 2.7% Monday.inside Kohl’s Corp.

 

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Joe Biden wants a FINANCIAL CONTRIBUTION from ALL car manufacturers, oil industry & Insurance companies to the MAINTENANCE & SECURING (pedestrian-cyclist) of PUBLIC ROADS paid by taxpayers.They alone have allowed the growth of these industries with dividends EXCLUSIVELY private

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