Wall Street Breakfast EV maker Nikola files for bankruptcy
Feb 19, 2025
Nikola has filed for Chapter 11 bankruptcy, revealing its financial struggles and attempts to stay afloat. Amid this turmoil, Apple unveils the iPhone 16e, boasting impressive features like the A18 chip. The podcast also highlights the Vanguard S&P 500 ETF, which is taking the lead over the SPY, reflecting a shift towards more cost-effective investment options. The intertwining of these tech developments and market changes creates a compelling narrative in today’s economy.
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Nikola Bankruptcy
- Nikola filed for Chapter 11 bankruptcy and plans to sell its assets.
- The company aims to continue limited service and support operations for existing trucks.
Housing Market Update
- January housing starts fell 9.8% to 1.366 million annual rate, below the 1.39 million consensus.
- Building permits unexpectedly rose 0.1% to an annual rate of 1.483 million.
iPhone 16e Launch
- Apple launched the iPhone 16e with improved features and longer battery life.
- The new phone offers Apple's A18 chip and a 48MP camera.