Business
EV maker Lucid debuts its latest Tesla rival, a high-performance luxury sedan with a 446-mile range
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric-vehicle maker Lucid is debuting a new edition of its popular and powerful Air luxury sedan. The Lucid Air Grand Touring Performance, announced Tuesday, will ship with 1,050 horsepower and a starting price tag […]
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Lululemon launches a trade-in and resell program as shoppers grapple with inflation
Lululemon will debut a trade-in and resale option for its gently used leggings, tops and jackets later this month following a successful pilot program prompted by rising consumer prices and a commitment to sustainable purchasing. The rollout of Lululemon’s “Like New” program comes after the retailer tested the so-called re-commerce platform for customers in Texas […]
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UK PM Johnson and Finance Minister Sunak fined for Covid lockdown breaches
Johnson is set to be fined by police for breaching Covid-19 lockdown regulations. Wpa Pool | Getty Images News | Getty Images LONDON — U.K. Prime Minister Boris Johnson and Finance Minister Rishi Sunak are set to be fined by police for breaching Covid-19 lockdown laws, the government said Tuesday. Johnson and Sunak “have today […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures jump as investors process key inflation report Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 29, 2022. Brendan McDermid | Reuters Stock futures jumped Tuesday morning as […]
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Beyond Meat expands meatless chicken distribution to 8,000 new retail locations
Beyond Meat’s meatless chicken tenders Source: Beyond Meat Beyond Meat is expanding distribution of its meatless chicken tenders to 8,000 new grocery, pharmacy and big-box retail locations. Customers will now be able to buy Beyond Chicken Tenders at select Albertsons, Sprouts, Whole Foods Market and CVS locations nationwide. All Kroger locations also will carry the […]
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Panera Bread is testing automated coffee brewing with Miso Robotics
Miso Robotics’ CookRight Coffee System Source: Miso Robotics Panera Bread is piloting Miso Robotics’ new automated coffee brewing system as it doubles down on its drink subscription program. It’s part of a broader shift across the restaurant industry toward automation as many eateries struggle to find workers and labor costs rise. For example, McDonald’s is […]
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Citi downgrades Starbucks, says investors should wait for more clarity on CEO plan
Starbucks CEO Kevin Johnson retired in March, and Howard Schultz returned to lead the company in a temporary role. Source
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How a mysterious Putin ally, the ‘Russian Gatsby,’ moves his billions
Russian billionaire, businessman and Council of the Federation Member Suleyman Kerimov attends a meeting on April 14, 2021 in Russia. A trove of leaked financial records provides a glimpse into how Kerimov and his associates used a maze of corporate structures to obscure his astronomical wealth and financial dealings. Mikhail Svetlov | Getty Images News […]
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Giant undersea cables set to give the UK and Germany their first direct energy link
Onshore wind turbines in Germany. The NeuConnect project says the interconnector will enable Britain to “tap into the vast energy infrastructure in Germany, including its significant renewable energy sources.” By Thomas E. Gunnarsson | Moment Open | Getty Images Key contracts totaling more than £1.5 billion ($1.95 billion) have been awarded for a major interconnector […]
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‘Forget FAANG’ and focus on value stocks in the current inflationary environment, Jim Cramer says
CNBC’s Jim Cramer on Monday advised investors to turn away Big Tech and other growth stocks that are likely to be hard hit as the Federal Reserve raises interest rates. “For the moment, I do think we have to forget most of FAANG and focus on the money centers. The oils. Retailers with tremendous scale. […]
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