Electric vehicle maker Lucid Motors (LCID) reported a third quarter revenue beat and narrower-than-expected loss as the company gears up for the all-important release of its Gravity electric SUV. For the quarter, Lucid reported revenue of $200 million, topping estimates of $196.3 million as compiled by Bloomberg and significantly more than the $137.8 million reported […]

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024.  SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics was once the dominant player in a type of semiconductor known as memory, putting it in a great position to capitalize on the boom of

When is Black Friday 2024? Black Friday is the day after Thanksgiving — this year, Nov. 29 — and it has typically been the kickstart to the holiday shopping season. Hundreds of retailers launch special in-store and online sales that are meant to encourage shoppers to check items off their list. Black Friday is a

A tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and Donald Trump’s electoral victory. In a widely expected move, the Fed cut interest rates by 25 basis points on Thursday, lowering its benchmark rate to

Key Takeaways Bitcoin surged to a record high near $77,000 on Thursday, extending a rally that followed Donald Trump’s win in the presidential election, with investors seeing his future administration as a positive development for the cryptocurrency. The cryptocurrency has broken out above the upper trendline of a cup and handle pattern, potentially marking the start

(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read from Bloomberg Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%.

Online election betting platform Polymarket plans to bring its prediction markets back to customers in the United States. “I want to give a lot of credit to the people who fought the battle to go and legalize political prediction markets in America,” Polymarket founder and CEO Shayne Coplan told Andrew Ross Sorkin on “Squawk Box,”

This is breaking news. Check back for more updates. Block’s shares were reeling Thursday, falling nearly 10% in after hours trading after reporting third quarter revenue of $5.98 billion, lower than analysts’ projections of $6.24 billion. The payment company also reported $2.25 billion in gross profit for the quarter ending September 30, up 19% from

Rivian (RIVN) reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was burdened by a supplier parts issue. Though the company now projects a wider loss than expected for the year, it maintained its full-year delivery forecast and still sees a “modest gross profit” coming

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock fell about 3% in