The electric vehicle industry saw a significant tumble in shares of Rivian and Lucid on Thursday following the announcement of disappointing fourth-quarter results. Rivian experienced a sharp decline of about 25% in its shares, while Lucid’s stock plummeted almost 17% on the same day. These numbers are certainly concerning for the companies and their investors.
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Boeing recently announced that the head of its 737 Max program, Ed Clark, is stepping down in light of a panel blowout incident during an Alaska Airlines flight. This incident caused a brief federal grounding of the aircraft type and led to increased scrutiny of Boeing’s operations. In his place, Katie Ringgold will take over
Home Depot recently reported a nearly 3% decline in quarterly sales compared to the previous year. Despite this setback, the home improvement retailer managed to exceed Wall Street’s earnings and revenue expectations. Looking ahead, Home Depot anticipates total sales to grow approximately 1% in fiscal year 2024, which includes an additional week of sales. This