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Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves
Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.
Senate poised to advance housing bill to limit private equity purchases of single-family homes
Both chambers of Congress are expected to advance a sprawling housing package this week that’s aimed at creating more supply and making homes more affordable.
‘Reward for failure’: Investor support for Target chair Brian Cornell falls to lowest level ever
Target chair Brian Cornell built the retailer into a $100 billion-plus giant, but recent struggles and underperformance have fueled investor calls for change.
Who is Andy Burnham? And 4 other things investors should know as the U.K. replaces its prime minister
Keir Starmer’s exit puts Andy Burnham, gilts, sterling and the next U.K. chancellor in focus for investors.
‘Albania is not for sale’: Protests grow over Kushner-linked luxury development project
The primary focus of the unrest is a proposed multi-billion-euro tourism project on Albania’s Adriatic coast.
UK PM Starmer resigns as Britain faces its seventh leader in 10 years
U.K. Prime Minister Keir Starmer announced Monday that he will stand down as Labour leader and prime minster, ending months of political turmoil and opening a contest to replace him. Read more U.S., Iran agree on roadmap for final deal and plan to end military operations in Lebanon The announcement follows mounting pressure on the […]
U.S., Iran agree on roadmap for final deal and plan to end military operations in Lebanon
The talks were the first round of negotiations under a memorandum of understanding signed last week, which extended a tenuous ceasefire by 60 days.
Trump tries to blame Reflecting Pool woes on vandalism, without offering substantiation
The paint is peeling from Washington’s Reflecting Pool after the renovation ordered by President Donald Trump.
SNAP restrictions could change what shoppers buy — and food giants are watching
SNAP food restrictions are spreading to more states, pressuring major food and beverage as consumers shift spending away from soda, candy and processed foods.
Kennedy Center says it isn’t required to reschedule shows after judge blocks 2-year closure
Kennedy Center lawyers said the institution plans to “maintain an operational model” after July 5, when it initially was scheduled to shutter for renovations.