Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom on May 24, 2024 in San Francisco, California. Justin Sullivan | Getty Images 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 shares of its … Read more
DETROIT — General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand’s long-standing segment leadership. The Detroit automaker’s Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for more than 45 years, according to GM. But increased competition from automakers such as Ford … Read more
The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. J. David Ake | Getty Images The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations … Read more
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty Images Private equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League’s Los Angeles Chargers at … Read more
The clay mixture from which lithium will be extracted is held by Tim Crowley, spokesman for Lithium Americas Corp. Carolyn Cole | Los Angeles Times | Getty Images DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to … Read more
Five of the seven swing states in the 2024 presidential election improved their overall business climates during the Biden-Harris administration, according to CNBC’s annual America’s Top States for Business study. But that does not necessarily mean the states are better off economically, in an election cycle where the economy has consistently ranked at or near … Read more
Tesla and SpaceX CEO Elon Musk has rapidly become one of Donald Trump‘s top political donors, and he is now emerging as one of the Republican presidential nominee’s most visible surrogates. Musk, the world’s richest man, has given nearly $75 million to America PAC, the super political action committee he created earlier this year largely … Read more
Mixetto | E+ | Getty Images The U.S. retirement system doesn’t get high marks relative to other nations. In fact, the U.S. got a C+ grade and ranked No. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index, released Tuesday. It analyzed both public and … Read more
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML finally offered a first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools … Read more
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a combination … Read more
