(Reuters) -Lucid Group said on Tuesday it now expects to produce 8,000–8,500 vehicles this year from its earlier projection of more than 10,000 units. The company said it was cutting production forecast “to prudently align with deliveries”. Shares of the company fell 4% in extended trading. The company reported third-quarter…

While Donald Trump is the frontrunner in the 2024 Republican presidential primary and leads his GOP rivals in overall fundraising, they’re having more success than him in winning over the CEOs of S&P 500 companies. Instead, former New Jersey Gov. Chris Christie; former U.N. Ambassador Nikki Haley, also a former…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Wednesday should be well-placed to bounce back from the previous day’s declines, supported by another positive showing on Wall Street that secured the ‘s and Nasdaq’s longest…

As analysts assess the results of Tuesday’s off-year elections in some states, they’re concluding that the outcomes were disappointing for Republicans — and for one prominent GOP figure in particular, Virginia Gov. Glenn Youngkin.Youngkin had been saying he wouldn’t hit the presidential campaign trail this year because of the elections…

Investing.com — Federal Reserve members on Tuesday downplayed expectations that era of rate hikes has ended, setting the stage for Fed chairman Jerome Powell to potentially deliver a hawkish push back against the recent easing in financial conditions.  Rate hikes remain on table  Federal Reserve Governor Michelle Bowman was among…

The level of inventories, or unsold goods, that U.S. wholesalers are keeping on hand fell in September to a 13-month low amid uncertainty about whether the economy can maintain its recent momentum. The so-called inventory-to-sales ratio slid to 1.33 in September from 1.36 in the prior month. The ratio measures…

By Mike Stone WASHINGTON (Reuters) – The U.S. Army needs Congress to approve $3.1 billion to buy 155 millimeter artillery rounds and expand production to quickly replace stocks depleted by shipments to Ukraine and now Israel, an Army official said on Tuesday. The U.S. and allies have sent more than…

Loretta Mester will step down as the president of the Cleveland Federal Reserve in June 2024, the regional Fed bank announced Wednesday. In a statement, the Cleveland Fed said its board of directors will undertake a nationwide search for a new leader. Mester was considered a policy hawk by Fed…

By Manya Saini (Reuters) -Robinhood Markets missed Wall Street estimates for third-quarter revenue on Tuesday, weighed by a slowdown in trading activity, sending shares of the online brokerage down more than 9% in extended trading. Robinhood (NASDAQ:) was at the center of the 2021 retail trading frenzy, driven by mom-and-pop…

A market-based measure of future inflation expectations is back near the top of its 10-year range, raising the possibility of more upside risks to price gains that could rattle financial markets.The 5-year, 5-year forward inflation expectation rate tracks expectations for average inflation in the five-year period that begins five years…