Economy

Uber Technologies (UBER) stock is under pressure on Wednesday morning, weakness that is being attributed primarily to the company’s disappointing Q2 earnings. The ride-hailing giant reported $14.19 billion in revenue for its second quarter – missed the consensus estimate set at $14.24 billion – on essentially in-line 81 cents a share of earnings (EPS). But

Lucid Group LCID shares fell about 15% on Wednesday after the electric vehicle maker reported second-quarter results that highlighted continued revenue growth but also wider losses, rising cash burn and ongoing profitability challenges. The company reported second-quarter revenue of $405.3 million, up from $259 million a year earlier. While sales exceeded one set of Wall