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Lucid shares tumble following public offering of nearly 262.5 million shares
Shares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million…
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Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
CLINTON TOWNSHIP, Mich. – Former President Donald Trump attempted to woo blue-collar autoworkers Wednesday night by criticizing electric vehicles and…
House Speaker McCarthy criticizes Senate measure, says House will get bill done to avoid shutdown
House Speaker Kevin McCarthy, R-Calif., on Thursday criticized a short-term government funding bill — stoking more fears that a shutdown…
On GOP debate stage, a sometimes oversimplified view of China’s economy
Florida Gov. Ron DeSantis called for “decoupling” the US economy from China. Vivek Ramaswamy said: “We need to declare independence…
Trump is attacking electric vehicles. Automakers already bet their future on them
The auto industry has announced more than $100 billion in electric car investments, creating more than 100,000 American jobs. A…
How Hollywood writers’ landmark deal with studios could set a precedent in the battle against A.I.
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest…
EV makers such as Tesla could fall under Europe’s subsidy probe into China, EU’s trade chief says
Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation…
This isn’t theft of need. A more insidious type of crime is pushing some stores to close
Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the…
Trump claims to be pro-worker. His record says he’s anti-union
Donald Trump arrives in Michigan Wednesday with a lot more support among blue collar union members than a lot of…
Why aren’t more women leading US companies? Americans weigh in
Women have made huge strides in business, ascending to the C-suite and the boardroom in record numbers. But they are…
Biden teases forthcoming executive order on AI
The White House plans to introduce a highly anticipated executive order in the coming weeks dealing with artificial intelligence, President…
Striking actors and Hollywood studios to restart talks days after writers announce a new tentative labor contract
Striking actors and the Hollywood studios will resume negotiations on a new labor contract on Monday, SAG-AFTRA, the actors’ union,…
Judge assigned to US antitrust case against Amazon recuses himself
The judge assigned to the US Federal Trade Commission’s antitrust lawsuit against Amazon.com has recused himself from the case, according…
Delta CEO says carrier went ‘too far’ in SkyMiles changes, promises modifications after frequent flyer backlash
Delta Air Lines CEO Ed Bastian said the airline will make "modifications" in the next few weeks to its loyalty…
Evergrande shares suspended from trading as liquidation concerns mount
Shares in embattled Chinese developer Evergrande Group and its two subsidiaries were all suspended from trading in Hong Kong on…
Shares of Evergrande have been suspended amid reports its chairman is under surveillance
Shares of China Evergrande Group were suspended on Thursday, Hong Kong's exchange announced.The chairman of the embattled Chinese real estate…
In major blow to TikTok, Indonesia bans e-commerce transactions on social media
Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short…
European markets live updates: Stocks, data and earnings
Europe stocks close at six-month lowEurope's benchmark Stoxx 600 index closed Wednesday at its lowest level since March 28, LSEG…
Delta CEO: Company went ‘too far’ with its SkyMiles rewards program changes
Delta CEO Ed Bastian said the company probably went “too far” in its controversial changes to the SkyMiles loyalty program…