June 28, 2020 marks ten years since Tesla went public on the Nasdaq. Meanwhile, Nikola is beginning to accept pre-orders for its badger. Yahoo Finance’s Ines Ferre breaks down the details.

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If you are looking for the best ideas for your portfolio you may want to consider some of Wedgewood Partners top stock picks. Wedgewood Partners, an investment management firm, reduced its exposure to Apple Inc. (NASDAQ:AAPL) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its […]

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Nick Shields, Senior Analyst at Third Bridge, joins The First trade to discuss the states of malls as some reopen amid continually rising cases of coronavirus.

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Luckin Coffee Inc. (NASDAQ: LK) Chairman and board members are trying to oust each other in the aftermath of the accounting scandal, as revealed in multiple filings with the United States Securities and Exchange Commission.What Happened The Chinese coffee chain company's board of directors voted to require Chairman and Director Charles Zhengyao Lu to resign from his role, and a meeting will be held on Thursday to consider the proposed resignation and removal.It was "requested by the majority of directors" on Luckin's board, based on the company's internal investigation into a $310 million securities fraud unveiled in April, it said.The chairman, Lu, has separately decided to convene an "Extraordinary General Meeting" on the coming Sunday, where the shareholders will vote on removing Sean Shao, an independent director on the Starbucks Corporation (NASDAQ: SBUX) competitor's board.According to the SEC filing, Lu expressed "concerns of potential disruption to the ongoing internal investigation considering Shao currently serves as the chairman of the Special Committee of the Board."Luckin earlier on Friday said it was not going to request a hearing from Nasdaq Stock Market, ahead of its shares getting delisted from the exchange desk on Monday.Price Action Luckin shares closed 54% lower at $1.38 on Friday.Image via FlickrSee more from Benzinga * JD.com Shares Surge In Hong Kong Debut * Luckin Coffee To Resume Trading At Nasdaq Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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On Monday, major U.S. airlines including American, Delta, JetBlue, Southwest and United, agreed to new health protocols that all passengers must follow. Helane Becker, Senior Research Analyst at Cowen Securities, joins Yahoo Finance’s The First Trade to discuss the future outlook for airlines after they took a major hit from COVID-19.

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Thousands of people have been barred from using their cash because of the collapse of Wirecard.

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Yahoo Finance catches up with Beyond Meat founder and CEO Ethan Brown.

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On this episode of Yahoo Finance Presents, HP CEO Enrique Lores sat down with Yahoo Finance’s Brian Sozzi to discuss the efforts the company is making during this time of great unrest, including how the company plans to focus on diversity and how it can have an impact.

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Shale oil and natural gas company Chesapeake Energy Corporation (CHK) on Sunday filed for bankruptcy protection proceedings to eliminate its $7 billion debt load and strengthen its balance sheet.The U.S. oil and gas producer said it filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate a “comprehensive balance sheet restructuring”.Chesapeake has been grappling with the financial fallout of the oil and gas prices collapse, as the economic downturn tied to the coronavirus impact curtails energy demand.As part of a restructuring agreement, the company has secured $925 million in debtor-in-possession financing from certain lenders under its revolving credit facility, which will be available upon court approval.The financing package will provide Chesapeake with the capital necessary to fund its operations during the court-supervised Chapter 11 reorganization proceedings, it said. In addition, certain lenders under the company's revolving credit facility have also agreed to the principal terms of a $2.5 billion exit financing, consisting of a new $1.75 billion revolving credit facility and a new $750 million term loan.Furthermore, Chesapeake said it has the support of its term loan lenders and secured note holders to backstop a $600 million rights offering upon exiting the Chapter 11 process.“Despite having removed over $20 billion of leverage and financial commitments, we believe this restructuring is necessary for the long-term success and value creation of the business," Chesapeake's President and CEO Doug Lawler said. “By eliminating $7 billion of debt we are positioning Chesapeake to capitalize on our diverse operating platform and proven track record of improving capital and operating efficiencies and technical excellence.”“With these demonstrated strengths, and the benefit of an appropriately sized capital structure, Chesapeake will be uniquely positioned to emerge from the Chapter 11 process as a stronger and more competitive enterprise," Lawler added.The stock dropped 7.3% to $11.85 at the close on Friday. Shares have plunged a whopping 93% year-to-date, with the oil and gas giant reporting a “going concern” warning in its May quarterly financial filing.Unsurprisingly, the stock shows a Strong Sell Street consensus, with 5 Sell ratings. Meanwhile the average analyst price target stands at $5.33, indicating 55% downside potential in the shares over the coming year.Earlier this month Scotiabank analyst Matthew Sorenson noted that if bankruptcy proceedings are forthcoming, about $7 billion in impairment value would need to be overcome before common equity holders received any value for their shares. Sorenson reiterated a Sell rating on the stock. (See Chesapeake stock analysis on TipRanks).Related News: Chesapeake Energy To File For Bankruptcy, Potentially This Week- Report Bankrupt Hertz Tanks 24% Amid Plans To Sell $500 Million In New Shares Bankrupt Hertz Pops 51% In Pre-Market On $1 Billion Share Sale Plan More recent articles from Smarter Analyst: * Coty Spikes 21% In Pre-Market On Kardashian West’s Beauty Line Stake Purchase * Microsoft To Close All Of Its 83 Retail Stores * Facebook Faces More Ad Boycotts From Major Advertisers * GM’s Defense Unit Wins $214.3 Million U.S. Army Contract For Troop Carrier

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