Lucid stock exploded on Thursday, soaring over 36% after news broke that Lucid Motors has partnered with Uber and self-driving tech company Nuro. This exciting collaboration marks a major step forward for Lucid, as the company positions itself in the booming robotaxi space.

XRP is catching everyone’s attention this week after making a big jump in price. The digital coin, created by Ripple, rose over 30% in just a few days. On Wednesday, it hit $3.25, and many people are now asking, “Why is XRP going up?”

ASML stock fell sharply today, dropping over 7%, even after the semiconductor equipment maker reported stronger-than-expected Q2 earnings. The market’s reaction highlights growing investor unease about the industry’s long-term outlook and ASML’s future revenue visibility.

Mortgage rates in the United States have become a focal point for potential homebuyers and the broader economy, especially following recent decisions by the Federal Reserve. On December 18, 2024, the Federal Reserve implemented a 0.25 percentage point reduction in the federal funds rate, marking its third rate cut of the year.

The U.S. stock market experienced a significant downturn today, following the Federal Reserve's announcement of a 0.25 percentage point interest rate cut—the third reduction this year. Despite this cut, the Fed signaled a more cautious approach for 2025, projecting only two additional quarter-point cuts, a revision from the four anticipated in September.

The IRS recently released updated income tax thresholds for the upcoming tax year. These changes reflect annual inflation adjustments, ensuring taxpayers aren't unfairly pushed into higher brackets as wages rise with inflation. Here's a breakdown of what these updates mean and how they might affect your finances.