Global

European stocks plunge as concerns over high inflation linger

European stock markets eased on Thursday as investors took advantage of gains made the day before on better-than-expected inflation data in the United States. But while overall sentiment was positive, investors remain jittery as U.S. Federal Reserve officials seek to temper expectations of a possible end to the monetary policy tightening cycle, traders said. Minneapolis

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Global

Lucid shares plunge as it halves production target

The company said it was dealing with serious supply chain issues that have also disrupted production at other automakers. But its supply chain issues caused it to halt production altogether at times during the quarter, as well as cut its production target to 6,000-7,000 vehicles this year, down from its previously stated target of 12,000

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