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<legend role=”h2″>-Lucid announces long-term plan to bring advanced automotive manufacturing to Saudi Arabia to address global demand.</legend> <legend role=”h2″>-Lucid estimates that the location of Lucid’s first international manufacturing plant in Saudi Arabia may result in up to $3.4 billion of value to Lucid over 15 years.</legend> <legend role=”h2″>-New international manufacturing plant targets 150,000 vehicles per year at the King Abdullah Economic City will leverage U.S. engineering,… Source link

GAITHERSBURG, Md., Feb. 28, 2022 /PRNewswire/ — NVX-CoV2373 is the first protein-based COVID-19 vaccine authorized in multiple major markets around the world, including the European Union, Australia, Canada, and Great Britain; authorizations granted by 12 regulatory agencies and emergency use listing from the WHO Additional filings for authorization under review, including in the United States Initiated vaccine shipments globally, with doses administered in the European Union, Australia,

In this article, we take a look at some of the notable stocks that are moving today. You can skip our detailed analysis of these stocks and go directly to Why These 5 Stocks Are Moving on Monday. All three major indexes are in the red today, with the S&P 500 down 1.10%, the Dow Jones down 1.2%, and the NASDAQ 100 down 0.59%. Some stocks on the move today include Etsy Inc (NASDAQ:ETSY), Philip Morris International Inc. (NYSE:PM), and United Airlines Holdings, Inc. (NASDAQ:UAL). Let’s discuss… Source link

Facebook parent Meta (FB) is warning Ukrainian users that a Russia-linked hacking group is trying to take over user high-profile accounts to spread disinformation about Russia’s invasion. According to Nathaniel Gleicher, head of security policy at Meta, a Belarus-based group, known as Ghostwriter, is trying to compromise high-profile Ukrainians’ user accounts to sow discord among the local population amid Russia’s physical attack. “They were targeting and taking over, or attempting to… Source link

A good buying opportunity into a stock market well off its highs has taken shape, argues BlackRock Investment Institute Global Chief Investment Strategist Wei Li and her team. The rationale: the escalating situation between Russia and the West will likely mean a slower pace of interest rate hikes from global central banks. “We see fast-rising energy prices exacerbating supply-driven inflation, both delaying and raising its peak. We think central banks will need to normalize policy to pre-Covid… Source link

Prominent economist and Harvard professor Kenneth Rogoff offered a biting take on how the world will remember Russian president Vladimir Putin. “Putin is a pariah. I have many Ukrainian friends and Russian friends who are utterly distraught. They look at being cut off from the world for a long time,” the former chief economist at the International Monetary Fund said on Yahoo Finance Live. “He is going to be looked at as a mass murder. People are going to be looking at again genocide charges…. Source link

U.S. stocks traded mixed and energy prices soared Monday after an escalation of sanctions against Russia amid an ongoing conflict in Ukraine stoked further uncertainty over the outlook for global financial markets. The S&P 500 and Dow each declined, while the. Nasdaq turned positive after opening lower. West Texas intermediate crude oil prices (CL=F) soared to as much as $99.10 per barrel before paring some gains. Brent crude (BZ=F), the international standard, rose to a near seven-year high… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion. The central bank more than doubled its key interest rate to 20%, the highest in almost two decades, and… Source link

[unable to retrieve full-text content]No more Yahoo Mail for mainland Chinese users  South China Morning Post Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link