DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter Rawlinson told CNBC. Rawlinson said the raise, which included a public offering of nearly 262.5 million shares of its common stock,…
Elon Musk, his car company, Tesla, and Warner Bros. Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from…
Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, a spokesman…
Brazilian plane maker Embraer SA is studying the market and new technology that could warrant it building an all-new jet, CEO…
Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a…
Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media…
Chicken sandwiches, waffle fries, milkshakes — and now TV shows and podcasts? Chick-fil-A plans to launch a new app…
Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and…
Universal’s Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida. Epic Universe is…