Lucid Group Surges on Q3 Deliveries; Middle East Tensions and Unusual Sahara Deluge Grab Headlines
Lucid Group's shares rise by 1.5% after surpassing delivery expectations despite a production dip, with focus on inventory sales and the upcoming Gravity SUV. Meanwhile, tensions in the Middle East and natural disasters like Hurricane Milton and unusual Sahara rains capture global attention amidst market uncertainties.
Lucid Group's shares rose by 1.5% as it surpassed third-quarter delivery expectations with 2,781 vehicles, even though production dipped, as it focuses on inventory sales and the upcoming Gravity SUV launch to challenge Tesla and Rivian.
Meanwhile, oil prices fell over $1 per barrel amidst rising Middle East tensions, as market uncertainties over potential supply disruptions were tempered by OPEC's spare capacity and subdued demand outlooks, with attention also on US inflation data and hurricane impacts.
Speaking of tensions, Hezbollah remains defiant despite Israeli incursions into Lebanon, asserting their military strength and support for resistance efforts, while backing ceasefire talks amid the volatile regional situation exacerbated by Iran’s warnings.
Adding to the regional crisis, the EU has called for a ceasefire as Lebanon faces a worsening humanitarian situation, with 20% of the population displaced and widespread food shortages following Israel's operation linked to Hezbollah's recent hostilities.
In other unexpected weather news, a rare deluge in the Sahara Desert has transformed the landscape with blue lagoons, leading to significant rainfall exceeding annual averages, causing fatalities and damage, yet replenishing crucial water sources after decades.
Turning to Florida, Hurricane Milton, now a Category 4 storm, threatens the west coast with strong winds and massive storm surges, prompting evacuations as it follows a concerning path with the region still reeling from a recent hurricane.
Meanwhile, oil prices fell over $1 per barrel amidst rising Middle East tensions, as market uncertainties over potential supply disruptions were tempered by OPEC's spare capacity and subdued demand outlooks, with attention also on US inflation data and hurricane impacts.
Speaking of tensions, Hezbollah remains defiant despite Israeli incursions into Lebanon, asserting their military strength and support for resistance efforts, while backing ceasefire talks amid the volatile regional situation exacerbated by Iran’s warnings.
Adding to the regional crisis, the EU has called for a ceasefire as Lebanon faces a worsening humanitarian situation, with 20% of the population displaced and widespread food shortages following Israel's operation linked to Hezbollah's recent hostilities.
In other unexpected weather news, a rare deluge in the Sahara Desert has transformed the landscape with blue lagoons, leading to significant rainfall exceeding annual averages, causing fatalities and damage, yet replenishing crucial water sources after decades.
Turning to Florida, Hurricane Milton, now a Category 4 storm, threatens the west coast with strong winds and massive storm surges, prompting evacuations as it follows a concerning path with the region still reeling from a recent hurricane.
