Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly | ReutersShares of electric vehicle maker Lucid Group were down more than 10% Wednesday following a downgrade of the company’s stock by Bank of America and the abrupt departure of CEO Peter Rawlinson.Rawlinson, who also served as chief technology officer at the company, was a driving force in its operations to this point, including the decision to go…
Author: usaeverydaylife
Medium Founder & CEO Ev Williams speaks during the Web Summit 2018 in Lisbon, Portugal on November 8, 2018. Pedro Fiúza | Nurphoto | Getty ImagesObvious Ventures, the venture capital firm co-founded by Twitter’s Evan Williams, has filed to raise $400 million for its latest fund, according to a regulatory filing.The filing for Obvious Ventures V was made public with the SEC on Tuesday and indicates that it’s an initial notice. The firm raised its most recent fund in 2022, when it brought in about $355 million, according to PitchBook data, short of its $400 million target.A spokesperson for the firm…
We’re a month removed from the national championship game, and the players who transferred from Notre Dame and Ohio State have found homes. So that’s given us a good bit of separation from the winter transfer portal window.Now that there has been time to assess all the roster movement, The Athletic spoke to 13 coaches and personnel staffers across the sport to get their insight on the most recent portal cycle — from players and portal classes they liked the most to how much it costs to land transfers and build rosters. Coaches and staffers were granted anonymity for their…
Maryna Tymchenko walked to the U.S. embassy on Wednesday morning and held up a homemade cardboard sign over her head: “Reagan would have hated it,” the sign read, alluding to the former president who famously called the Soviet Union “an evil empire.”She said she felt whiplash from the past two weeks as the United States, once Ukraine’s top ally, and the Republican Party, the party of Ronald Reagan, appeared to back Russia in its war against Ukraine.But Ms. Tymchenko, who skipped lunch for the small protest, was nuanced in her views: She was angry with President Trump, who appeared to…
Check out the companies making headlines in midday trading: General Motors — Shares jumped 5% after the automaker said it would raise its quarterly dividend by 25% to 15 cents per share. GM also initiated a $6 billion share repurchase plan, with $2 billion in buybacks planned for the second quarter. Anheuser-Busch InBev — Shares of the world’s largest brewer surged about 9% following a fourth-quarter earnings and revenue beat . For the quarter, Anheuser-Busch InBev posted adjusted earnings of 88 cents per share on revenue of $14.84 billion. Analysts polled by FactSet had penciled in 69 cents in earnings…
Shoppers never know exactly what they will find at a T.J. Maxx, Marshalls, or HomeGoods. Investors, on the other hand, are finding earnings from their parent company rather predictable. TJX Companies on Wednesday delivered a better-than-expected quarter but light outlook. The market was hardly concerned, sending shares up 3%, because TJX consistently under-promises and over-delivers. Sales in its fiscal 2025 fourth quarter totaled $16.35 billion, exceeding the consensus estimate of $16.2 billion, according to LSEG. Revenue was down slightly year over year. But direct comparisons were skewed by an extra week in TJX’s prior fiscal year. Adjusted earnings per share…
Tesla has been forced to contend with an increasingly degenerative outlook over the past two months, and Barclays doesn’t expect things to reverse from here. After underperforming for much of last year, shares of Tesla received a boost after Donald Trump won his second term in the White House last November, thanks to the close personal relationship between the president and Tesla CEO Elon Musk . From Nov. 5 to Tesla’s all-time closing high on Dec. 17, shares surged 91%, nearly doubling the price. But since its December heights, Tesla stock has been on a downward slide. Shares of the…
U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. Brian Snyder | ReutersWASHINGTON — The Trump administration directed federal agencies on Wednesday to prepare for mass layoffs, according to the heads of the White House budget and personnel management offices.Budget Director Russell Vought and Charles Ezell, the acting director of the Office of Personnel Management, wrote in a memo to the heads of these agencies that the federal government is “costly, inefficient, and deeply in debt.””At the same time, it is not producing results for the American public. Instead, tax dollars are…
(L-R) Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty ImagesJeff Bezos, the Amazon founder and owner of the Washington Post, said Wednesday that his newspaper’s opinion pages would now be dedicated to supporting “personal liberties and free markets,” and that the organization would not publish opposing views.”We’ll cover other topics too of course,” Bezos said in an email to…
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFor over a decade, bitcoin has been lauded as a revolutionary financial asset — decentralized, self-sovereign and resistant to confiscation — all contributing to an astronomical increase in value.But one problem has remained largely unsolved: What happens to your bitcoin when you die?While traditional financial institutions allow for the seamless transfer of stocks, mutual funds and retirement plans, bitcoin’s self-custodial nature makes inheritance and estate planning inherently thorny. Coinbase requires probate court documents…
