📈 Stocks / Finance

Lucid Group Stock Falls Despite Recent Gains: What's Next?

Yahoo Finance

Lucid Group's stock dipped by 1.76%, closing at $3.91, while the S&P 500 gained 0.75%. Despite this, Lucid's stock has risen 27.16% over the last month, outperforming both its sector and the S&P 500. The company's upcoming earnings report expects a loss of $0.30 per share but a revenue increase of 28.88% from last year. Currently, Lucid has a Zacks Rank of #4 (Sell), indicating caution from analysts.

AST SpaceMobile Faces Major Stock Dilution

Motley Fool

AST SpaceMobile's stock rose sharply in 2024, hitting $38 per share in August. The company recently redeemed $155 million in warrants, and it plans to raise $400 million more by selling shares. This will lead to a significant 17.5% dilution in shareholders' ownership, which explains the stock's 28% drop. Despite dilution concerns, AST needs these funds to complete its 168-satellite constellation, and more stock offerings are likely in the future.

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🌎 Global Economy

China Raising Retirement Age To Combat Shrinking Population

Arab News

China is increasing its retirement age, starting in 2025, due to its aging population. The new policy will raise the age to 63 for men and 55-58 for women, depending on their job types. Experts predict the country's population over 60 will hit 400 million by 2035, putting pressure on pensions. The change aims to ease financial strain but comes amid high youth unemployment and mixed reactions from workers.

Russian central bank hikes rates to fight inflation

AP News

Russia’s central bank raised interest rates to 19% to combat inflation driven by military spending and high consumer demand. This marks the highest rate since early 2022, when the bank tried to protect the ruble during the Ukraine invasion. Inflation has reached 9.1%, with many Russians struggling with rising prices for essential goods like food. The central bank aims to lower inflation to 4% by 2025, but there are concerns that high borrowing costs could hurt economic growth.

Europe cuts interest rates again as economic recovery falters

CNN

The European Central Bank cut interest rates to 3.5% to boost the economy, which has struggled recently. Inflation dropped to 2.2% in August, its lowest in three years, but economic growth is still weak, with a projected rise of just 0.8%. Former ECB chief Mario Draghi warned that Europe faces challenges, particularly in technology, and needs €750-800 billion more in yearly investment. ECB President Christine Lagarde said the bank will make decisions based on data and is not expected to cut rates again soon

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