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Lucid Cuts 12% of U.S. Staff Ahead of Earnings as Cost Pressures Mount

The layoffs signal a push to curb expenses before a closely watched quarterly report.

Stories older than 24h

JPMorgan Chase to Open More Than 160 Branches in Over 30 States in 2026

Knife River Posts Record 2025 Profit, Raises 2026 Outlook on Record Public-Funded Backlog

Franklin Electric Posts Record 2025, Guides to 2026 Margin Expansion

Onity Beats Q4 and Full‑Year Earnings, Eyes Reverse MSR Sale and Non‑MTM Funding

Pennymac to Acquire Cenlar’s Subservicing Business in $257.5 Million All-Cash Deal

Citigroup Posts Mixed Q4 as Russia Exit Weighs and Adjusted Earnings Top Forecasts

BitMine Seeks 50 Billion Authorized Shares as Lee Courts Votes, Expands ETH Staking

Home BancShares to Buy Mountain Commerce in $150 Million All-Stock Deal, Entering Tennessee

Associated Banc-Corp to Buy American National in $604 Million All-Stock Deal

Olaplex Beats Q3 Forecasts, Reaffirms Outlook as Turnaround Shows Early Progress

Performance Food Group Lifts Sales Outlook After Revenue Beat, Despite EPS Miss

Solmate Infrastructure Shares Jump Nearly 50% on UAE Validator Push and Solana-Focused M&A Plan

CleanSpark Adds $100 Million Two Prime Loan, Lifting Bitcoin-Backed Credit Capacity to $400 Million

IG Group to Buy 70% of Independent Reserve in A$178 Million APAC Crypto Push

Sompo to Acquire Aspen for $3.5 Billion in Cash