Lucid Motors is changing CEOs for the first time in nearly six years. The company announced Tuesday that Peter Rawlinson is stepping down from the CEO and CTO roles that he’s held since before the company went public. Rawlinson has also left Lucid’s board, according to a regulatory filing. Lucid appointed its chief operating officer Marc Winterhoff […]
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.47%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell by -1.24%. March E-mini S&P futures (ESH25) fell -0.42%, and March E-mini Nasdaq futures (NQH25) fell -1.20%. Tech stocks were weak again Tuesday, dragging the rest of […]
Wall Street is gearing up for Nvidia’s (NVDA) fourth quarter earnings results to come out this Wednesday, February 26. However, not all expert investors are so bullish on the semiconductor manufacturer. The Bahnsen Group CIO David Bahnsen sits down with Catalysts hosts Seana Smith and Madison Mills along with Yahoo Finance executive editor Brian Sozzi […]
The Starbucks drink menu is getting an overhaul next week. The coffee chain will remove some of its less popular hot, cold and blended drinks starting March 4 in an effort to speed up service and lighten the load on baristas. Big orders with complicated modifications have made it difficult for baristas to keep up, […]
Artificial Intelligence (AI) continues to look like it has the potential to be a game-changing technology that helps shape the world we live in. It also has the potential to be one of the best areas to invest in over the long haul. That is, if you make the right AI investment decisions. Not every AI-related […]
The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew a record cash pile even larger to $334 billion, but failed to explain in his highly anticipated annual letter why the investor known for his astute equity purchases over time […]
Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett defended his company’s growing cash pile, reflected on mistakes, and again touted what he called the “American miracle” of US economic growth over the last two centuries as the conglomerate reported record operating earnings of $47.4 billion last year. Writing in his 2024 annual letter to Berkshire shareholders published Saturday, […]
If you’ve been considering buying an EV and want a good deal thanks to government tax credits, you have some added homework to. That’s because a big tax break that could save you money faces an uncertain and confusing future in the Trump administration. Under the Inflation Reduction Act of 2022, many consumers are eligible […]
U.S. stocks plummeted on Friday on poor economic news. Consumer confidence weakened to the lowest level since November 2023, even as long-run inflation expectations rose to the highest since 1995. The services purchasing managers’ index fell into contractionary territory and January home sales contracted by more than expected. As the day ended, the Dow Jones […]
Each quarter, investors anxiously await the release of Berkshire Hathaway’s (BRK.A -0.58%) (BRK.B -0.64%) 13F filing. The Securities and Exchange Commission (SEC) requires most large funds to disclose what stocks they owned at the end of each quarter. This effectively allows the public to see which stocks funds are buying and selling. Many investors keep a close eye on Berkshire Hathaway’s […]
Rivian (RIVN) reported strong fourth quarter results after the bell on Thursday and came through on its goal of posting a “gross profit” for the quarter, with a smaller-than-expected full-year 2024 EBITDA (earnings before interest, taxes, depreciation, and amortization) loss to boot. The company also sees a smaller loss in 2025 compared to a year […]
Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an increase in the target bonus percentage” for its annual bonus plan for executives. Meta’s named executive officers could earn a bonus of 200% of their base salary under the new plan, up from the 75% they […]
