Deira Trading Company

Lucid’s shares fall after launch of cheaper Air EV

The Lucid Air Pure is the least-expensive version of Lucid’s electric Air luxury sedan. Meghan Reeder | CNBC Shares of Lucid Group fell on Thursday after the company launched a cheaper version of its Air electric luxury sedan in a bid to stoke demand. The stock closed down about 7% on Thursday following the news. […]

Rivian shares sink after EV maker announces $1.5 billion raise

Taylor looks at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Shares of Rivian Automotive fell sharply on Thursday, after the company surprised investors with a plan to offer $1.5 billion in convertible notes. […]

GM’s stock falls amid strikes, potential air bag recall

United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan.  Bill Pugliano | Getty Images DETROIT – General Motors’ stock price fell below $30 a share during intraday trading Thursday for the first time in more than three years amid ongoing strikes by the United Auto […]

As Treasury yields rise, Wall Street predicts what the Fed will do next

What will happen next to bond yields and interest rates? And how should that influence what investors do with their spare cash? Bond yields began moving higher in earnest early last year in response to a series of interest rate hikes by the Federal Reserve. Earlier this month, the yield on the benchmark 10-year U.S. Treasury note hit […]

Hyundai and Kia adopt Tesla’s electric vehicle charging

TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Hyundai Motor and Kia announced Thursday they will soon adopt Tesla’s electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like Ford and General Motors to […]

Arizona Coyotes local games move to broadcast from cable

Barrett Hayton #29 of the Arizona Coyotes skates against the Dallas Stars at the American Airlines Center on December 6, 2021 in Dallas, Texas. Glenn James | National Hockey League | Getty Images The Arizona Coyotes are skating to a new TV home for local games – showcasing the pressure on cable TV bundles due […]

Arizona Coyotes local games move to broadcast from cable

Barrett Hayton #29 of the Arizona Coyotes skates against the Dallas Stars at the American Airlines Center on December 6, 2021 in Dallas, Texas. Glenn James | National Hockey League | Getty Images The Arizona Coyotes are skating to a new TV home for local games – showcasing the pressure on cable TV bundles due […]

Novavax Covid vaccine can still catch up to Pfizer, Moderna shots

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Americans can finally get their hands on Novavax‘s newest Covid vaccine after U.S. regulators greenlighted the shot this week. […]

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