Lucid gets $1.5 billion lifeline from Saudi Arabia
EV maker gets $1.5 billion from Saudi Arabia’s sovereign wealth fund, and says it has enough money to last it through 2025. Source link...
MARKET
How an emergency Fed rate cut to restore market confidence might backfire
Reverberating fears about a U.S. recession or slowdown has many financial-market participants bracing for something that seldom happens and requires a high bar to implement: An emergency interest-rate cut by the Federal Reserve. Source link...
Trump says he’ll end taxes on tips — so why did this hospitality workers’ union endorse Harris?
The hospitality union Unite Here on Monday endorsed Vice President Kamala Harris’s presidential bid, responding to former President Donald Trump’s attempt to win over workers by promising to end taxes on tips. Source link...
Schwab, Fidelity, E-Trade suffer outages during Monday’s stock-market selloff
The Dow Jones Industrial Average, S&P 500 and Nasdaq were all down over 2% as of late morning, and many traders said they couldn’t login to their financial accounts. Source link...
Those 5% CDs may be gone by Tuesday
“If you’ve been wanting to grab a CD, today is the day to do it.” Source link...
ADUs are key to solving the housing crisis. Here’s what to know.
Across the country, homeowners are building accessory dwelling units, which provide both much-needed affordable housing stock and financial stability for homeowners. Source link...
Here’s how far the stock market has to fall to trigger a circuit breaker
Stocks fell sharply Monday. Here’s how deep losses would need to be to trigger an automatic trading halt. Source link...
‘Warren Buffett stayed calm and clear-headed amid chaos’: Here’s the biggest lesson I learned from the Great Recession
“Feeling like a tiny pawn in a wider global economic upheaval was humbling.” Source link...
The Vix just did something it hasn’t done since 2008. Here’s why this could be a buying opportunity for stocks.
Wall Street’s “fear gauge” was soaring on Monday as last week’s stock-market selloff deepened. At one point, the gauge did something that it hasn’t done since the depths of the financial crisis. Source link...
Memo to the Fed: The economy’s growth scare is your wake-up call
Markets are worried that the Fed could get blindsided. Source link...
