Lucid aims to double EV production this year, stock rallies nearly 10%

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  Lucid CEO steps down; EV maker plans to more than double production in 2025

  Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.
  
  NBC News - 9h

• Lucid CEO steps down; EV maker plans to more than double production in 2025

  Lucid said Marc Winterhoff, currently the company's chief operating officer, has taken over as interim CEO.
  
  CNBC - 8h
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  China's EV maker XPeng eyes doubling global presence by year's end

  Yahoo News - 3d

• 10-year Treasury yield ends at nearly 11-week low as economic concerns build

  Yields on 2- and 10-year U.S. government debt fell for a fifth straight session on Tuesday as traders considered the risks of slowing global growth and a potential domestic recession.
  
  MarketWatch - 10h

• What Alphabet's plan to launch a lower-price YouTube product means for the stock

  The emphasis on YouTube subscriptions is a key part of the Alphabet story as it diversifies the company away from advertising.
  
  CNBC - 3d

• Russia launches largest drone attack on Ukraine on eve of third year of war

  The attack came as leaders in Kyiv and across Europe are seeking to navigate rapid changes in U.S. foreign policy under President Trump.
  
  CBS News - 2d

• Trump’s Rift With Europe Adds Fuel to a Rally in Defense Stocks

  A flurry of trading has helped push the Pan-European Stoxx 600 index to a record high as investors expect Europe’s governments to increase military spending.
  
  The New York Times - Feb. 18

• Stagflation is a new threat to the stock-market rally. What investors should know.

  Worries about an unwelcome mix of inflation and stagnating economic growth are back, only this time such fears are becoming harder for investors to shake off.
  
  MarketWatch - 1d

• US companies left out of defence stock rally amid Trump’s Pentagon cuts

  Fears over spending come as European groups’ shares soar on White House’s threat to cut support for region’s security
  
  Financial Times - 1d

More from MarketWatch

• PayPal has some big new growth targets. Can it hit its marks?

  One analyst says the new growth goals seem achievable. Another worries competition from Apple Pay might get in the way.
  
  MarketWatch - 4h

• Generation X is ready for senior living. Here’s what they want.

  Retirement communities are courting members of Gen X, who will outnumber baby boomers in 2028.
  
  MarketWatch - 4h

• AMC’s stock climbs as improving box office boosts Q4 revenue, while CEO slams ‘crackpot conspiracy theorists’

  AMC Entertainment Holdings shares rose in extended trading Tuesday after the movie-theater chain and original meme stock reported better-than-expected fourth-quarter revenue, lifted by an improving ...
  
  MarketWatch - 5h

• Boeing’s Stephanie Pope, once on CEO shortlist, is out as COO

  Boeing Co. said late Tuesday that Stephanie Pope, once on a short list to become the aerospace and defense giant’s chief executive, is no longer its chief operating officer.
  
  MarketWatch - 5h

• Here’s why more than $1 billion in sales was not enough for Grocery Outlet

  Grocery Outlet Holding Co.’s sales topped $1 billion in the fourth quarter, slightly above Wall Street expectations, but weaker quarterly profits and 2025 guidance dragged the stock down more than ...
  
  MarketWatch - 5h

More in Business

• World's largest brewer AB InBev posts fourth-quarter revenue beat even as volumes slide

  The drinks maker, whose brands include Budweiser, Corona and Stella Artois, reported an 3.4% increase in fourth-quarter revenue to $14.84 billion.
  
  CNBC - 27m

• 'The knowledge economy is on the way out.' These are the skills workers will need in the age of AI, says LinkedIn

  Skills such as creativity, curiosity, courage, compassion and communication will be key as AI continues to disrupt workforces, said LinkedIn's Aneesh Raman.
  
  CNBC - 38m

• The record-breaking run of 'Ne Zha 2' may seem like a surprise. It shouldn't

  For someone who's lived in China since before the pandemic, the success of the animated film "Ne Zha 2" marks more of an industry milestone than a surprise.
  
  CNBC - 1h
• 

  Reeves’ private share trading plan criticised by executives

  Venture capitalists question who would use system designed to arrest slide of UK capital markets
  
  Financial Times - 2h

• Singapore alternative meat startups target resurgence after sector setbacks

  To Singapore shoppers, plant-protein patties probably only exist in recent memory – of seeing them on promotion in grocers and eateries in the early 2020s.
  
  CNBC - 2h