EV maker Lucid surges on report Saudi PIF to buy remaining stake
Lucid Group's shares surged 43% on Friday, paring gains after doubling on market speculation that Saudi Arabia's Public Investment Fund (PIF) wanted to buy out the electric vehicle maker.
Recession fears pose challenge to energy shares after stellar year
A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year's stunning run, despite valuations that are seen as still comparatively cheap.
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