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Car-rental company Sixt XE:SIX2 is phasing out Tesla Inc.’s EVs from its fleet due to lower resale value, Bloomberg reported Monday, citing an email to customers from the German company that it had viewed. Tesla’s price cuts hit residual values and hig...

Twilio Inc.’s stock TWLO fell 2% early Monday, after the cloud computing company said it plans to cut 5% of its global workforce and book $25 million to $35 million in severance charges. The company’s most recent filing with the Securities and Exchang...

The U.S. stock market opened lower Monday, with investors appearing to take a breather after all three major benchmarks rose for five straight weeks. The Dow Jones Industrial Average DJIA was trading 0.4% lower soon after the opening bell, while the S&...

Southwest Gas Holdings Inc. SWX said Monday it plans to pursue an initial public offering of of Centuri Holdings Inc. to separate it from the company by the spring or summer or 2024 once it finds a chief executive for the utility infrastructure company...

Uber Technologies Inc.’s stock UBER soared 4.2% early Monday, after the ride-sharing company’s stock was added to the S&P 500, prompting Oppenheimer to raise its price target to $75 from $65 and reiterate its outperform rating, the equivalent of buy. ...

Wallbox’s stock WBX was rallying by 22% Monday after generator specialist and S&P 500 SPX component Generac Holdings Inc. GNRC said it made a minority investment in the electric-vehicle charging company. Financial terms were not disclosed. Generac will...

Verizon Communications Inc. VZ plans to offer a bundle containing ad-free Netflix and Max for $10 a month combined to customers of its myPlan service. These wireless plans let customers choose which streaming services, bundles or other offers they want...

Brookfield Asset Management BAMCA:BAM and Brookfield Renewable Partners BEPCA:BEP.UT said they will evaluate their next steps, if any, after Origin Energy Ltd. AU:ORG shareholders rejected a $10.6 billion takeover proposal with private-equity firm EIG....

EyePoint Pharmaceutics Inc.’s stock EYPT rocketed 362% early Monday, after the company announced positive results from a Phase 2 trial of its EYP-1901 treatment for wet age-related macular degeneration, or wet AMD. The company said the study combining ...

Shares of Virgin Galactic Holdings Inc. SPCE fell 14.1% in premarket trades Monday after founder Sir Richard Branson ruled out further investment in the space-tourism company. In an interview with the Financial Times Branson said that his business empi...

SilverSun Technologies Inc. SSNT said Monday Jacobs Private Equity II LLC agreed to invest $1 billion in cash into the company including money from co-investor Sequoia Heritage and others. Jacobs Private Equity II will become the majority stockholder o...

Alaska Airlines Inc. ‘s stock ALK was downgraded to market perform from strong buy by Raymond James on Monday, after it announced it would acquire Hawaiian Airlines parent Hawaiian Holdings Inc. HA for $18 a share, or a 270% premium over its closing pr...