Lucid Motors: Six Production Executives Have Apparently Left, Adding To Uncertainty Surrounding Company
Negative news continues to swirl around Lucid Group, Inc. (NASDAQ: LCID). According to various media reports, six high-level executives, including the VP of global manufacturing and the head of its Arizona operations where the company produces all its vehicles, have recently left the company. All six were involved in Lucid’s manufacturing/logistics processes. The departures of many high-ranking managers […]
Baltic Countries to Ban Border Crossings for Russians With Schengen Visas
It’s about to become a lot harder for Russian nationals to travel into Europe. The EU’s Baltic countries, which share a border with Russia, are in the midst of imposing a visa ban in retaliation over Moscow’s invasion of Ukraine. The three Baltic states, Latvia, Estonia, and Lithuania, are working together to coordinate new travel […]
OSFI On Easing Mortgage Underwriting Standards: “We Will Not Do That”
Amid the calls to loosen mortgage-underwriting standards in Canada, the Office of the Superintendent of Financial Institutions (OSFI) has resolved that it will not be considering such a proposal. “The uncertainty and anxiety caused by the rising interest rate environment have understandably caused some Canadians to advocate for the loosening of the underwriting standards in […]
Jeep Announces Plans For New All-Electric SUVs
Jeep revealed plans for an all-electric lineup that’s slated to launch in 2025. The new lineup is a big step toward achieving its goal to have half of its US sales and all of its European sales be all-electric by 2030. The American SUV brand is planning four new electric vehicles including a Wrangler-inspired off-road […]
Lisa LaFlamme Switches To Rogers’ CityNews As Special Correspondent
Ousted veteran TV news anchor Lisa LaFlamme has been hired by CityNews as its special correspondent to lead the program’s coverage of the death of Queen Elizabeth. LaFlamme recently made headlines when her contract reporting the headlines as the chief anchor and senior editor at CTV National News was unceremoniously canceled, allegedly due to “changing […]
Restaurant Operator Yoshiharu Prices Upsized US$11.8 Million IPO
Restaurant operator Yoshiharu Global Co. (Nasdaq: YOSH) started trading on the Nasdaq Capital Market on Friday. The firm is looking to raise US$11.76 million for its initial public offering. The offering consists of 2.94 million Class A common shares, upsized from 2.45 million shares, selling at US$4 per share. The shares are trading on the […]
Polio is Back? New York Declares State of Emergency Over Disease to Boost Vaccine Uptake
New York has declared a state of emergency over a resurgence of the Poliovirus, in an effort to raise awareness and boost vaccine uptake against the disease. The state discovered its first case of polio in over ten years back in July, after an unvaccinated person caught the disease and suffered paralysis. The sudden resurgence […]
United Airlines Ups Stakes With Purchase Of Electric Vertical Takeoff And Landing Aircraft
United Airlines (NASDAQ: UAL) is very optimistic about the future of electric air taxis. The carrier on Thursday announced that it invested $15 million in Eve Air Mobility (NYSE: EVEX), a startup that’s developing an electric vertical take-off and landing (eVTOL) aircraft. The deal also includes a conditional purchase agreement for 200 units of the […]
OPEC+ Might Cut Production Further By 1Mbpd To Anticipate Oil Price Decline — JP Morgan
It might be necessary for OPEC+ to cut its oil production further by 1 million barrels per day given the uncertainty in commodities markets and the falling oil prices, a JP Morgan strategist said. JPMorgan energy strategist Christyan Malek said that the oil-producing nation consortium might have to intervene in the oil market through a […]
DWAC Is Not Giving Up After Failing To Secure 12-Month Extension For Trump Media Merger Deadline
Digital World Acquisition Corp (Nasdaq: DWAC) seems to have failed to secure the shareholders’ approval on the firm’s proposed 12-month deadline extension to complete a business combination. However, the SPAC isn’t giving up on the extended timeline it hopes to provide for the pending merger deal with Trump Media & Technology Group (TMTG). After pushing […]