📈 Stocks / Finance

Lucid Group shares rise amid mixed analyst ratings

MarketBeat

Lucid Group shares increased 2.4% to $2.56, despite a lower-than-average trading volume. Analysts remain cautious, with most maintaining a "Hold" rating and a consensus target of $3.54. Lucid recently missed Q3 EPS estimates with a reported -$0.29, yet saw a 32.9% year-over-year revenue increase to $200.58 million.

JPMorgan targets 'infinite money glitch' fraud cases with lawsuits

CNBC

JPMorgan is suing customers accused of exploiting a technical glitch to withdraw funds before checks bounced. Targeting high-value cases, including one man who owes nearly $291K, the bank aims to recoup losses and warns against fraud, referring cases for criminal investigation.

Global stocks rise as oil prices dip, big tech earnings anticipated

Reuters

Global stocks closed higher as investors await major U.S. tech earnings, including Alphabet, Microsoft, and Amazon. Oil prices dropped over 6% after Israel’s recent actions avoided energy infrastructure. Meanwhile, the yen hit a three-month low amid Japanese political instability, and U.S. Treasury yields rose as the upcoming election looms.

🪙 Crypto

Bitcoin Breaks $70,000 Briefly Amid Earnings and Election Anticipation

CNBC

Bitcoin surged past $70,000 for the first time since June, peaking at $70,207.02 before stabilizing around $69,925. Investors are closely watching upcoming earnings reports from Coinbase and MicroStrategy, which saw gains of 5% and nearly 9%, respectively. The U.S. presidential election and Federal Reserve policy decisions are further fueling speculation, with potential impacts from both candidates' varying stances on crypto.

🌎 Global Economy

IMF projects slight growth slowdown in Asia for 2025

Statista

The IMF projects Asia’s growth to dip to 4.4% in 2025, remaining above the 3.2% global average. Japan is set for a 1.1% boost with rising wages, while China’s slowdown continues amid property sector struggles. Risks include China’s weak demand and potential global demand drops, especially from the U.S.

There’s a reason 400,000 professionals read this daily.

Join The AI Report, trusted by 400,000+ professionals at Google, Microsoft, and OpenAI. Get daily insights, tools, and strategies to master practical AI skills that drive results.

Sign up now for free and work smarter, not harder.

🗞️ Other Newsletters You Might Like

Essential stock market insights every day before the bell rings.