Lucid LCID –1.90% stock is rising in late trading Monday after the company said it has raised a substantial sum of money. Monday evening, the EV startup announced it has taken in, or is about to take in, more than $1.5 billion in a couple of separate stock sales. Lucid (LCID) sold about 56.2 million…
General Motors (GM) CEO Mary Barra has never been shy about her ambition to overtake Tesla’s (TSLA) sales in an aim to become the global electric vehicle (EV) leader. And with the advantage of having nearly 90% of the U.S. population within 10 miles of a GM dealership, a stat often cited by the company,…
The Rules You Need to Know—Plus a Pitfall You’ll Want to Avoid. Do you have a 401(k) plan through work? You can still contribute to a Roth IRA (individual retirement account) and/or traditional IRA as long as you meet the IRA’s eligibility requirements. You might not be able to take a tax deduction for your…
Amazon (AMZN) has begun rolling out a short-form video and photo feed in its app. Though the feature, called Inspire, immediately drew comparisons to TikTok, Oliver Messenger, director of Amazon Shopping, told that it wasn’t TikTok’s success that encouraged the company to build Inspire – it was customer feedback. “We spend a lot of time…
Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation, it’s all but guaranteeing a punishing recession next year caused by a rapidly deteriorating labor market. As Myles Udland laid out in Thursday’s Morning Brief, Fed Chair Powell strained credulity at his latest press conference while attempting to make…
Europe-based renewable energy investor Glennmont Partners plans to enter the U.S. renewables market for the first time via a joint venture with solar developer GreenGo Energy US to develop over 1 gigawatt of solar and storage projects. Glennmont and GreenGo Energy US, a subsidiary of GreenGo Energy Group, will develop both combined and stand-alone solar…
U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum Reserve and as refiners reduced activity. Crude inventories increased by 10.2 million barrels in the week ended Dec. 9 to 424.1 million barrels, compared with analysts’ expectations in a Reuters…
Available as of Dec. 13, with the latest iOS, Freeform is a blank canvas that you can use as a vision board to plan future trips. Apple has launched a new tool that can help you plan your travels — and it all starts as a blank canvas. Launched at 1 p.m. ET on Dec….
Avatar: The Way of Water is a triumph. As a sequel to the highest-grossing film ever, which was criticized for its formulaic story (and the surprisingly small ripple it had on pop culture), the new movie is a genuine surprise. It’s a sweeping epic that reflects on the nature of families, our relationship to the…
After getting crushed in 2022, could shares bounce back next year? Tesla (TSLA -6.27%) shares have been hammered this year. The stock is down more than 50% year to date. Investors seem worried about the company’s potential to continue growing sales so rapidly during a tough macroeconomic environment. While it’s impossible to know which way…