Lucid Motors subpoenaed by the SEC. Shares plunge
CNN
Upstart electric vehicle maker Lucid Motors disclosed Monday it has received a subpoena from the SEC, sending its shares plunging 10% in early trading.
The company said the probe "appears to concern" the SPAC deal that took it public earlier this year, along with "certain projections and statements."
Lucid (LCID) raised $4 billion through its combination with Churchill Capital Corp., which was a shell company set up to take a company public without having to go through the typical initial public offering process. The deal was announced in February and shares started trading on Nasdaq in July.
A group of Venezuelans who were sent to a maximum-security El Salvador prison from the US and then returned to Venezuela called on Friday for the United States to comply with a ruling that would allow them to challenge their deportation in US courts.
A couple ventured down a nondescript dirt road to snap photos. Instead, they stumbled across a grisly discovery among smattered shrubs and parched soil: the decomposed remains of a little girl.
White House press secretary Karoline Leavitt announced Friday that she and her husband are expecting their second child, a baby girl due in May of next year.
Patricia Quishpe had a work permit when she was arrested by immigration agents and held away from her family. But a judge ruled her detention unlawful, ordering her to be released, like hundreds of others.
In homes across America, the gifts have been opened, wrapping paper and bows strewn about living rooms.
Congressional Republicans have yet to break the record for most retirements in a single year, but some say it’s only a matter of time before widespread frustration with the current state of Washington leads to a tipping point as many in the party head for the exits.
A traffic stop outside of Baltimore Wednesday ended with an undocumented man shot and another injured after US Immigration and Customs Enforcement agents allege the driver of a van drove directly at officers, prompting them to open fire.
The host of the Kennedy Center’s annual Christmas Eve jazz performance canceled Wednesday’s concert, citing the board of trustees’ move to rename the facility for both the 35th president and President Donald Trump.
The phone rings. Would your 10-year-old like to speak with the president? He’s tracking Santa Claus from his living room in Palm Beach.
Nasry “Tito” Asfura, a conservative politician backed by US President Donald Trump, has been declared the winner of the Honduran presidential election, narrowly edging out right-leaning centrist Salvador Nasralla in a contest marked by allegations of foreign intervention and voting irregularities.
The Justice Department on Wednesday said it has uncovered over a million more documents potentially related to the Jeffrey Epstein case and may need “a few more weeks” to process and release them to the public.
Eighteen Democratic-led states and the District of Columbia filed a lawsuit Tuesday challenging a new Trump administration policy seeking to bar transgender care for minors at federally-funded hospitals.
Wassail — from a greeting meaning “be in good health” — evokes some kind of ancient holiday tradition. But its particulars, like the spiced beverage, can be cloudy.