Lucid Motors secures $1 billion investment from Saudi Arabia’s PIF
Lucid Motors, the luxury electric vehicle manufacturer, is once again teaming up with its major investor, Saudi Arabia, in a move aimed at tackling the [more…]
Category: U.S.
Rollercoaster week ahead for investors as markets eye U.S. inflation data
Investors are gearing up for a potentially tumultuous week as Asian shares cautiously inched higher on Monday. The market mood remains cautiously optimistic, with hopes [more…]
Lululemon’s growth stumbles in North America, despite strong international performance
In a world where yoga pants double as casual wear and performance sneakers are the new status symbol, Lululemon has long reigned supreme. But even [more…]
Reddit goes public raises $519 million in its NYSE debut
Reddit, the venerable online forum site where memes are born and debates rage, has finally taken its stock public. The company’s IPO, priced at $34 [more…]
Saudi Arabia’s PIF and Andreessen Horowitz reportedly in talks for $40 billion A.I. fund
In a groundbreaking move, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is reportedly in discussions with Andreessen Horowitz, a prominent American venture [more…]
Oil prices reach four-month high on supply disruptions and economic growth signs
In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]
HelloFresh stock dives on gloomy 2024 forecast
HelloFresh, the once-heralded recipe box delivery company, experienced a staggering 42% drop in its share price on Friday morning, marking its worst trading session ever. [more…]
Foot Locker shares take a tumble
Foot Locker, the popular sneaker retailer, experienced a significant setback as its shares plummeted by approximately 30% following the release of its holiday-quarter financial results. [more…]
Crude oil prices dip despite China’s growth plans and OPEC+ cuts
In a twist of market dynamics, crude oil futures experienced a slight downturn for the second consecutive day on Tuesday. Despite China’s optimistic pledge to [more…]
Bitcoin and Ether soar in February surge, setting stage for halving-driven rally
Cryptocurrency prices surged on Thursday as bitcoin and ether headed for a successful month, reflecting renewed investor interest and market optimism. According to Coin Metrics, [more…]