Lucid Delays Affordable EVs to 2027, Launches $1.4 Billion Cost-Cutting Reset
Lucid grows Q2 revenue 56% but misses estimates. Company cuts production, targets $1.4B savings, and delays midsize EVs until late 2027.
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Pinterest Warns of Slower Growth as Ad Giants Heat Up Competition
Pinterest posts $1.18B in revenue (+18%) and a record 640M users, but shares fall on a slower 13%-15% Q3 growth forecast amid rising ad competition.
AMD Beats Estimates and Guides Higher — But CapEx Shock Sends Shares Down
AMD beat estimates with record $11.5B in revenue and raised guidance, but shares dropped as CapEx surged to $808M—nearly three times forecasts.
SpaceX Blows Past Wall Street CapEx Forecasts With Massive AI Bet
SpaceX Q2 revenue jumped 92% to $7.8B, but $15.8B AI capital spending far exceeded expectations, sending shares lower in after-hours trading.
Western Union Shares Jump as Strategic Review Follows Private Equity Approach
Western Union surged after launching a strategic review following a private equity approach at just below $10 per share and inviting competing bids from other parties.
Chipotle Pulls Jalapeños Linked to Minnesota Salmonella Outbreak That Sickened 110 People
After jalapeños were tied to 110 salmonella cases in Minnesota, Chipotle removed them from stores and is assisting health officials.