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Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

Wall Street is worried stocks might be on the cusp of a ‘lost decade’

Stocks have been on a terrific run over the past decade. But the years ahead might not be quite so spectacular.

Business - MarketWatch - October 22

Wall Street Journal, NY Post sue AI startup

Media conglomerate News Corp, the conglomerate that owns the Wall Street Journal, New York Post and a number of other media properties, is suing artificial intelligence (AI) startup Perplexity over ...

Politics - The Hill - October 22

The Wall Street Veteran Leading Disney's Search for Iger's Replacement

James Gorman wanted a challenging board role after nailing succession at Morgan Stanley. He’s getting one at Disney.

Business - The Wall Street Journal - October 22

Palestinians fleeing Jabalia say bodies are left lying on streets

Displaced residents give harrowing accounts of the situation as an Israeli offensive continues.

Scenes from the streets: international stories told on the ground – in pictures

The work of over 30 street photographers has been assembled for We Are Here: Scenes from the Streets , a new exhibition showing at the International Center of Photography in New York City. A ...

World - The Guardian - October 23

Philly's Black motorcycle clubs hit the streets to encourage Black men to vote

A group of 100 Black men on motorcycles rode through Philadelphia as part of a multi-pronged effort to encourage Black men to register to vote and head to the polls.

Politics - NBC News - October 23

A Key Corner of Wall Street Is Pricing in a Trump White House and No Recession

Bond traders have responded to strong economic data by lowering their forecasts for Fed rate cuts.

Business - Inc. - October 23

After Death of ‘KShakes,’ NYC Street Dancers Shake Off Grief

Since K’Sean ‘KShakes’ Nurse died last month, fellow New York street dancers have found release through performance.

Top stories - The New York Times - October 23

Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 23

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - 6 days ago

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - October 24

Markets are moving in mysterious ways — and Wall Street is struggling to explain why

Traditional relationships between stocks, bonds, currencies and commodities like gold are breaking down once again in 2024. This time, even many financial professionals are at a loss to explain ...

Business - MarketWatch - 5 days ago

A New Business on Wall Street: Defending Against D.E.I. Backlash

Companies are conducting vulnerability assessments, compiling research reports and writing plans for what to do if their diversity efforts come under attack.

Business - The New York Times - 3 days ago

In L.A., Street Psychiatrists Offer the Homeless a Radical Step Forward

The crisis of homelessness is pushing American psychiatry to places it has not gone before — like sidewalk injections of antipsychotics.

Health - The New York Times - October 22

On the streets of the seaside town where goths feel safe and accepted

Whitby Goth Weekend celebrates 30 years of being a place where people can express themselves.

Film crews left this street - then 'annoying' selfie tourists arrived

And the street in London isn't the only place in the UK that has seen an influx of film fans either

"Beg-Knows America": Stories on Chattanooga's Walnut Street Bridge

In this week's "Beg-Knows America," David Begnaud heads to Chattanooga, connecting with locals who share their personal journeys and inspiring acts of kindness.

Two men find purpose on Chattanooga's Walnut Street Bridge

In a 48-hour journey through Chattanooga, CBS News contributor David Begnaud found two men whose stories of compassion and self-expression reveal the power of human connection.

How Did an Ordinary Brooklyn Street Corner Become a Viral Meme?

A viral photo of three fast-food chains on a Brooklyn street corner is something of a Rorschach test on social media. It has multiple meanings for New Yorkers, too.

Lifestyle - The New York Times - Yesterday

Visa says spending trends are stable, and this time Wall Street agrees

Visa’s CFO expects the “stable and resilient consumer” to keep up such spending trends into the company’s new fiscal year.

Business - MarketWatch - Yesterday

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