EV maker Lucid suspends production guidance amid incoming CEO’s business review
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
Oil prices above $110 are starting to matter to the stock market again
The correlation between stocks and oil, which is the most inverted it’s been in 20 years, is starting to reverse.
Jerome Powell making a ‘significant mistake’ by staying on at the Fed, Sen. Tim Scott says
Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.
Microsoft Xbox CEO overhauls leadership amid sinking sales: ‘We need to evolve how we work’
Asha Sharma, the former Instacart and Meta executive who took over Xbox at Microsoft, said the unit doesn’t spend enough time with developers and players.
Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown
The “Universal Electric Vehicle” platform is expected to be key to Ford transforming its EV unit from billions of dollars in annual losses to breakeven by 2029.
Hegseth says ‘the ceasefire is not over’ after U.S., Iran exchange fire
DOD expected “some churn at the beginning” of “Project Freedom,” Defense Sec. Hegseth said, referring to an effort to move ships through the Strait of Hormuz.
Nvidia and PulteGroup are helping this startup put mini data centers on homes
A network of Span nodes, communicating with each other across the country, is the equivalent of a small to mid-sized traditional data center.
Ferrari tops Wall Street’s first-quarter expectations ahead of EV debut
Ferrari NV on Tuesday beat Wall Street’s first quarter earnings expectations and reconfirmed its guidance for the year.
Pfizer tops Wall Street estimates, reaffirms outlook as newer products show growth
Pfizer is looking to newer products and acquisitions to offset a declining Covid business.
Milken-adjacent Power100 attendees aim to reclaim the DEI in finance narrative
Blueprint Capital’s Power100 weekend convenes diverse leaders in finance ahead of the Milken Institute Global Conference.
