Articles

What’s it like to drive the 2024 Lucid Air lineup?

The 2024 Lucid Air has a lineup with 4 distinct trims and a starting price that makes it a possible dream for shoppers with a more modest luxury car budget.

Here’s how Biden’s slapping tariffs on Chinese EVs, chips, medical gear and more

President Joe Biden’s administration on Tuesday rolled out its much-anticipated new tariffs targeting Chinese electric vehicles and other key products from that country.

Delivery Hero shares rally on deal to sell Taiwan business to Uber

Delivery Hero shares rallied Tuesday as the German-listed food delivery company agreed to sell its Taiwan business, and a minority stake, to Uber Technologies.

GameStop shares surge for a second day

GameStop shares rallied in premarket trade for a second day on Tuesday, extending gains when the investor most linked to the company’s 2021 explosion had a social-media post for the first time in three years.

Treasury yields a tad softer as traders await inflation data

Bond yields were a little lower early Tuesday as the market awaited inflation data and comments from Federal Reserve Chair Jerome Powell.

Sabadell suspends buybacks after BBVA takeover approach

Banco de Sabadell is temporarily suspending its share buyback program at the Spanish market regulator’s request following Banco Bilbao Vizcaya Argentaria’s hostile takeover approach.

Anglo American to exit diamond, platinum and coal mining as it fights BHP bid

Anglo American on Tuesday said it would exit the coal, platinum and diamonds business as it fends off a takeover approach from BHP.

Walmart to cut hundreds of corporate jobs, relocate others: report

Walmart Inc. plans to lay off hundreds of corporate workers and is asking others to relocate to new cities, the Wall Street Journal reported Monday night.

Dozens of Red Lobster locations being liquidated after sudden closures

Seafood restaurant chain Red Lobster has abruptly closed dozens of locations around the country, and is selling them off in what is being called the largest restaurant liquidation ever.

Did OpenAI just launch a Siri killer?

OpenAI’s latest update to its AI model, ChatGPT, has the potential — if it works as demonstrated — to be a Siri killer.

Fisker gets short-term loan to remain afloat

Troubled EV maker gets a shot in the arm, but not enough for the stock, which remains flat.

What next for Norfolk Southern after split decision in board battle with Ancora?

Activist investor Ancora Holdings Group’s attempt to gain control of Norfolk Southern Corp.’s board resulted in three of its seven nominees gaining seats on the 13-member board at the railroad operator’s annual shareholder meeting Thursday.
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