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 ImagesShares 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 common stock.The announcement was made in conjunction with plans for Lucid’s majority stockholder and affiliate of Saudi Arabia’s Public Investment Fund, Ayar Third Investment Co., to purchase more than 374.7 million shares of common stock from Lucid in a “private placement concurrently with the public offering.”Following the transaction,…
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Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022.Scott Mlyn | CNBCBillionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a “big mistake.””I’ve made so many mistakes in my investment career — one of them was I sold all my Nvidia probably somewhere between $800 and $950,” Druckenmiller said in an interview on Bloomberg. “I own none and I owned none the last 400 points.”Druckenmiller’s comments do not reflect Nvidia’s 10-for-1 stock split, which went into effect in June. The stock closed Wednesday at $135.72. On a split-adjusted basis, his…
NEW YORK — In the midst of the celebration, Gleyber Torres was catching hell. Aaron Judge had finally hit his first home run of this postseason, a towering blast that cleared the wall in center field. But as the ball sliced through the darkness of the night, Torres, leading off first base, did something peculiar. He tagged up.When the ball finally went out, Yankee Stadium erupted because it gave the New York Yankees four runs of breathing room in what became a 6-3 win over the Cleveland Guardians in Game 2 of the best-of-seven American League Championship Series on Tuesday.…
Jim Cramer broke down each holding Wednesday during the October Monthly Meeting. Source link
There’s a lot to like about private credit these days, according to Nuveen. The alternative assets have become increasingly popular among investors and Nuveen expects inflows and strong returns to continue. “The private credit run isn’t over yet,” Saira Malik, the asset manager’s chief investment officer and head of equities and fixed income, wrote in a recent report. “Investor interest remains high, demand is strong, deal volume continues to rise and we expect M & A activity to increase, which should act as a continued tailwind,” she added. “We also think some private credit transactions should be able to increase…
Americans often splurge on gifts during the holidays.This year, holiday spending between Nov. 1 and Dec. 31 is expected to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation.Even as credit card debt tops $1.14 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared to last year, Deloitte’s holiday retail survey found.Meanwhile, 28% of holiday shoppers still have not paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet. How shoppers pay for holiday giftsHeading into the peak holiday shopping season, 74% of shoppers plan…
The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. J. David Ake | Getty ImagesThe 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 of foreign bribery laws and the Arms Export Control Act.Raytheon also agreed to pay more than $124 million to settle charges filed by the Securities and Exchange Commission that it violated the Foreign Corrupt Practices Act in connection with paying bribes of more than $32 million to…
Dallas Cowboys owner Jerry Jones made headlines Tuesday morning when he became angry during one of his weekly radio interviews, getting defensive when asked about the franchise’s lack of offseason moves to improve the roster.Jones seemed to take exception with the line of questioning because he was speaking on the team’s flagship radio station, 105.3 The Fan in Dallas. Jones conducts interviews with the station on Tuesday and Friday mornings. He also takes part in a pregame interview with the station.While attending NFL meetings Tuesday afternoon in Atlanta, Jones explained in an exclusive interview with The Athletic’s Dianna Russini why…
U.S. crude futures edged lower Wednesday to close below $71 per barrel, after selling off steeply in the previous session on reports that Israel will not attack Iran’s oil facilities.The U.S. benchmark tumbled more than 4% on Tuesday after Israel told the U.S. that it will limit its retaliatory strikes to military targets in Iran, senior Biden administration officials told NBC News.Crude oil prices have given up most of the gains made in the wake of Iran’s Oct. 1 ballistic missile attack on Israel, as fears of an oil supply disruption in the Middle East have eased.Here are Wednesday’s closing…
A 2-0 loss to Mexico on Tuesday night served as a reminder of how much work lies in front of the U.S. men’s national team and new coach Mauricio Pochettino.Pochettino was handed his first loss in charge of the U.S., and it wasn’t pretty. Mexico controlled much of the game and the U.S. was toothless in the attack. The Americans generated no shots on goal in the first half, while Mexico looked far more energetic and dangerous in front of a sold-out crowd at the Estadio Akron in Guadalajara.The result snapped a seven-game unbeaten streak for the U.S. The loss…
