Lucid opens first international EV factory in Saudi Arabia
(Reuters) – Electric-vehicle maker Lucid Group (NASDAQ:LCID) said on Wednesday it had opened its first international manufacturing plant in Saudi…
US investors want clarity on Biden’s vague curbs on China tech
(Reuters) – U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China…
OpenAI considering share sale at a valuation between $80B and $90B – WSJ
OpenAI is reportedly in discussions with investors regarding a share sale that could value the company between $80 billion to…
Consulting firm McKinsey to pay $230 million in latest US opioid settlements
(Reuters) – Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S.…
U.S. new car sales rise, Tesla leads while Ford and GM lag behind
The U.S. new car market is experiencing a boost in sales, backed by wage growth and employment, according to Cox…
Dollar Tree outperforms Amazon, Walmart, and Costco amid market downturn
In the midst of a market downturn, Dollar Tree (NASDAQ:DLTR) managed to break its loss streak on Tuesday, outperforming other…
Overheating issues plague iPhone 15 Pro due to internal design and titanium finish
Apple (NASDAQ:AAPL)’s latest flagship smartphones, iPhone 15 Pro and iPhone 15 Pro Max, have been reportedly experiencing overheating issues since…
Alibaba’s Cainiao eyes Hong Kong IPO for expansion
Cainiao, the logistics arm of Chinese e-commerce giant Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong…
JPMorgan Chase settles Epstein-related claims for $75M with U.S. Virgin Islands, former executive
JPMorgan Chase (NYSE:JPM) has reached settlements with the government of the U.S. Virgin Islands and its former head of private…
South Korean stocks slide on Wall Street’s lead and Fed’s monetary tightening
South Korean stocks opened lower on Wednesday, mirroring an overnight drop on Wall Street, amid persistent concerns about further interest…