Lucid Group stock price crashed to a record low this week, continuing a downtrend that has been going on for years. It plunged to a low of $6.27, bringing its market capitalization to $2 billion. So, will the downward trend continue ahead of its earnings report on May 5? Lucid Group stock is crashing despite
Shipping traffic through the Strait of Hormuz has slowed dramatically, with only five vessels, including a single Iranian oil products tanker, passing through in the last 24 hours, according to Friday’s shipping data. The sharp decrease follows Iran’s seizure of two container ships this week and an ongoing US blockade of Iranian ports, escalating maritime
The European Union has partnered with financial institutions to launch the Global Green Bond Initiative Fund, aiming to mobilise up to €20 billion ($23.43 billion) in private capital for sustainable infrastructure projects in low- and middle-income countries. The initiative reflects the EU’s broader push to expand climate-focused financing while supporting economic development in emerging markets.
US stocks edged higher on Friday, supported by renewed optimism around potential diplomatic progress between Washington and Tehran, alongside strong momentum in semiconductor stocks led by Intel. The S&P 500 rose about 0.25%, while the Nasdaq 100 climbed 1.2%. The Dow Jones Industrial Average, however, was down 179 points. The cautious optimism follows reports that
Procter & Gamble exceeded analyst expectations for quarterly earnings and revenue, reporting its first volume growth in a year and sending the company’s shares up approximately 3.3% on Friday. For its fiscal third quarter, P&G reported net income attributable to the company of $3.93 billion, or $1.63 per share, an increase from $3.78 billion, or
Shares in SAP rallied on Friday after the German software giant reported better-than-expected first-quarter profit and reaffirmed its long-term cloud outlook. The strong result came even as concerns around artificial intelligence continue to weigh on the broader sector. SAP’s American depositary receipts rose 7.3% to $175.31, recovering from a 6.2% decline in the previous session.
Shares of Tesla traded unevenly on Friday, briefly rising as much as 1.3% before giving up gains to hover near flat, as investors continued to assess the company’s latest earnings and long-term strategy. The muted performance came despite broader market strength. The S&P 500 rose 0.2%, while the Nasdaq Composite gained 0.6%. The Dow Jones
US prosecutors have dropped their criminal investigation into Federal Reserve Chair Jerome Powell, a move that could ease the path for the Senate to confirm Kevin Warsh as the next head of the Federal Reserve. Jeanine Pirro, the US attorney for the District of Columbia, said on Friday that she had directed her office to
US consumer sentiment fell sharply in April, hitting its lowest level in nearly four years as the ongoing conflict with Iran drove inflation concerns and weighed on household outlook. The University of Michigan’s Consumer Sentiment Index dropped to a final reading of 49.8 for the month, down from 53.3 in March. While the figure was
Gold prices edged higher on Friday, but were set for weekly losses due to persistent inflation concerns. Silver prices also mirrored gold’s move and climbed 0.7% on COMEX. Meanwhile, oil prices were mixed, with Brent slightly higher and West Texas Intermediate falling nearly 1% on Friday. However, Brent has surged 17% and WTI 14% so far