08:52 AM EST, 12/23/2024 (MT Newswires) -- Consumer stocks were mixed premarket Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.2% recently. Despegar.com ( DESP ) shares rallied by over 33% amid a definitive agreement to be acquired by Prosus in an all-cash transaction...

Faraday Future Intelligent Electric Inc. ( FFIE ) shares are trading higher premarket on Monday. On Sunday, the company disclosed securing around $30 million in cash financing commitments. The financing comprises $7.5 million pre-funded in the fourth quarter of 2024 and $22.5 million in new cash commitments structured as unsecured convertible notes and warrants. The Convertible Notes have a conversion...

08:48 AM EST, 12/23/2024 (MT Newswires) -- Lithium Americas ( LAC ) said Monday it closed its joint venture with General Motors ( GM ) to fund, develop, and operate the Thacker Pass lithium project in Humboldt County, Nevada. The company said the project will supply battery-quality lithium carbonate for North America's critical minerals supply chain. Under the joint venture,...

(Reuters) -Nordstrom has agreed to be acquired by its founding family and Mexican retailer El Puerto de Liverpool in a deal that values the luxury department store operator at about $6.25 billion, including debt. The company's shareholders will get $24.25 in cash for each share held, an increase from the $23 apiece offer made in September. The offer price represents...