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 Images Shares of Lucid Group were under pressure Thursday after the electric vehicle maker announced a public offering of nearly 262.5 million shares of its common stock. The late Wednesday announcement was made…
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a combination shot targeting Covid and…
Car batteries at a factory in Nanjing in China’s eastern Jiangsu province. Str | Afp | Getty Images PARIS, France — The push to commercialize solid-state batteries for electric vehicles (EVs) is well underway, but analysts say auto giants could be on the cusp of turning to a different kind of transformative science. Solid-state batteries have long been billed…
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast higher airfares into 2025. United…
Cars sit in a Chevrolet dealership’s lot in Chicago on June 20, 2024. Scott Olson | Getty Images News | Getty Images DETROIT — A growing number of Americans with auto loans owe more than their vehicles are worth, according to a report Tuesday from Edmunds.com. The auto data and consumer research company reports the average amount owed on…
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs topped estimates for third-quarter profit and revenue on strong results from its stock trading and investment banking operations….
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Nvidia shares closed at a record on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker’s top customers on their planned spending on artificial intelligence infrastructure. The…