hapabapa/iStock Editorial via Getty Images Update 2 p.m: Adds Lucid declined to comment on speculation. Clear Group (NASDAQ: LCID) increased by 50% amid reports that Saudi Arabia’s public investment fund may be preparing to take over the rest of the manufacturer of electric vehicles that it does not yet own. It is speculated that the … Read more
A Friday market rally, accentuated by higher cracks in some battered and bruised technology stocks that faltered last year, makes this year’s price action look much like the 2021 rally. Stocked names, including Tesla (TSLA), Carvana (CVNA), and Coinbase (COIN), rose more than 10% each Friday. Cathie Wood’s ARK Innovation (ARKK) ETF, a benchmark for … Read more
CNN — Progressive and State Farm, two of America’s largest auto insurers, are refusing to underwrite policies in certain cities for some older Hyundai and Kia models that the companies say are too easy to steal. Several reports say the companies have stopped offering insurance for these vehicles in cities like Denver, Colorado and St. … Read more
Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue is up more than 32% since 2017, adjusted for inflation, and the company’s stock has shown resilience and growth in a tumultuous market. “Discount revenue,” or fees charged to merchants who accept their cards, … Read more
Lucid Group Inc LCID Shares ripped Friday, stopping on a circuit breaker to the upside in early afternoon trading after rumors spread by traders the Saudi Public Investment Fund plans to buy out the rest of the electric vehicle business. Benzinga has reached out to the Public Investment Fund and Lucid Group for comment on … Read more
Netflix plans to start down subscribers in the US sharing their streaming service password at the end of March. But how exactly would that work? Initial reports and trials in other countries suggest that the effort to discourage password sharing will be relatively gentle in its first iteration, relying on a combination of technology and … Read more
By most standards, the US economy is in solid shape. Although the first half of 2022 started with negative growth, a strong labor market and resilient consumer helped turn things around and give hope for the year ahead. Gross domestic product, which indicates the overall health of the economy, rose more than expected in the … Read more
The emotional “day in the life” video of a fired Google employee on TikTok went viral as it captured her heartbreak after learning she was one of 12,000 employees laid off by the tech giant earlier this week. Nicole Tsai, a Southern California-based TikTok “vlogger,” breaks down in tears in the video as she narrates … Read more
This has haunted me all my life. My father left my family when I was 7. I’m not sure how much alimony he paid my mother. Shortly after I graduated, he visited me for the first time since he left the family. He told me he wanted to send me money every month to eventually … Read more
New York CNN — Normally, gas pump prices plummet during the dead of winter, as inclement weather keeps Americans off the road. But this year something unusual is happening: gas prices are skyrocketing. The national average for regular gas rose to $3.51 a gallon on Friday, according to AAA. While that’s a far cry from … Read more
