CNBC Business

Lucid CEO Peter Rawlinson, a former Tesla executive, said he expects the EV start-up will eventually be valued more like the industry leader.

"Mid-decade, we plan to have plants in the Middle East and China, as well," Lucid Motors CEO Peter Rawlinson told CNBC's Jim Cramer on Tuesday.

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

"I don't think [Fed Chief Jerome] Powell needs to slam the brakes on the economy," CNBC's Jim Cramer said Tuesday.

Walmart did not kick off its holiday deals in October like competitors Target and Amazon.

Heavy demand after last year's Covid-affected holiday, combined with lower supply than usual, means expensive prices and possible shortages.

The U.S. reported an average of nearly 83,500 new Covid cases every day over the last week, a 14% increase from the week before.

The Russian military destroyed a defunct satellite on Monday, causing astronauts to shelter on the International Space Station as the debris cloud passed by.

The pill could help revolutionize the fight against Covid by allowing high-risk people infected with the virus to take an oral antiviral drug at home.

Walmart raised its forecast for the year and said it's using its size to navigate through rising costs.

The big-box retailer sees inflation as an opportunity to stand out from retail rivals.

With prices at record highs and automakers shipping new vehicles with limited features, you might discover that buying out your lease makes the most sense.

The Glasgow summit ended with calls on governments to return next year with tougher pledges to slash greenhouse gas emissions.

These are the stocks posting the largest moves in midday trading.

The Justice Department said the liquidation of the bitcoin and other cryptocurrency will reimburse victims from the BitConnect fraud.

The delta variant, first detected in India a little less than a year ago, now represents 99% of sequenced Covid-19 cases globally.

"Walmart is keeping prices down aggressively and therefore their gross margins are down. But they are taking share from everybody," Cramer said Tuesday.

Peloton said it plans to sell roughly 23.9 million Class A shares at a public offering price of $46, netting the company about $1.07 billion.

College athletes and recruits are now allowed to engage in "NIL activities" consistent with state law where their school is located.

Mayor Bill de Blasio revealed the details on Tuesday; crowds will be permitted to end 2021 in the Crossroads of the World, but revelers will be required to present proof of full COVID vaccination and a valid photo ID, NBC New York reports.