RIYADH (Reuters) - Saudi Arabia has begun courting Archer Aviation ( ACHR ), following the electric air taxi company's announcement of a partnership with economic and regional rival, the United Arab Emirates. The competition between the countries to become the top hub in the region is leading to big spending, benefiting new companies like Archers. Last month, Archer signed a...

11:58 AM EDT, 05/22/2024 (MT Newswires) -- Park Aerospace ( PKE ) said Wednesday its Newton, Kansas manufacturing facilities were damaged by a strong storm on Sunday and multiple heating ventilation and air conditioning units were destroyed. The company is working with several contractors to fully assess the damage and the remediation options, Park Aerospace ( PKE ) added. All...

11:55 AM EDT, 05/22/2024 (MT Newswires) -- DigitalOcean Holdings ( DOCN ) is facing near-term uncertainty related to the spending trends of small to medium businesses, given the smaller nature of its existing customer segment and competition in the cloud infrastructure market, UBS Securities said in a Tuesday note as it initiated coverage on the company. Given the much smaller...

Faraday Future Intelligent Electric Inc. ( FFIE ) shares are trading lower Wednesday on continued downward momentum. Here's a look at what's going on. What To Know: Last week, Faraday Future’s stock saw massive price moves related to the retail-fueled meme stock rally which saw heavily-shorted stocks gaining alongside GameStop and AMC Entertainment shares. The stock was up more than...