Faraday Future Announces Inclusion in Russell 3000® and Russell Microcap® Indexes
Membership in the Russell 3000® Index, which remains in place for one year, means Faraday Future is also eligible for inclusion in either the Russell 1000® Index or Russell 2000® Index, and in this case additionally included in the Russell Microcap® Index, reflecting the Company's market capitalization positioning. These widely followed benchmarks are used by investment managers and institutional investors for index funds and as performance benchmarks, and inclusion can potentially increase investor awareness and broaden the shareholder base.
'We are honored to be included in both the Russell 3000 and Russell Microcap Indexes,' said Jerry Wang, Global President of Faraday Future. 'This inclusion highlights the momentum we are building in the intelligent electric vehicle sector and underscores our commitment to delivering innovative mobility solutions that redefine premium while affordable user experiences via Faraday Future and Faraday X - our unique dual branding strategy.'
The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $18.1 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
ABOUT FARADAY FUTURE
Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit https://www.ff.com/us/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
Xcel Energy Second Quarter 2025 Earnings Conference Call
MINNEAPOLIS, July 01, 2025--(BUSINESS WIRE)--On Thursday, July 31, 2025, Xcel Energy (NASDAQ: XEL) will host a conference call to review second quarter 2025 financial results. The earnings report will be released prior to the market open on the same date. The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 10 minutes prior to the scheduled start and follow the operator's instructions. You will be asked for the conference password. US Dial-In: 1-866-580-3963International Dial-In: 400-120-0558Conference Password: 5768023 The conference call will be simultaneously webcast and archived on our website at the following location: Under Company, select: Investors If you are unable to participate in the live event, the call will be available for replay through August 5. Replay InformationUS Dial-In: 1-866-583-1035Replay Password: 5768023# About Xcel EnergyXcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit or follow us on X and Facebook. View source version on Contacts Financial analysts may call:Roopesh Aggarwal, Vice President - Investor Relations303-571-2855 News media inquiries please call:Xcel Energy Media Relations612-215-5300Internet: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
an hour ago
- Business Wire
Union Pacific Celebrates its 163 rd Birthday with New Commemorative No. 1616 Lincoln Locomotive in President Lincoln's Hometown
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Union Pacific Railroad celebrated its 163 rd birthday today in the hometown of its famed founder – President Abraham Lincoln – with the help of numerous dignitaries and its newest commemorative locomotive that honors Lincoln's role in laying the foundation for America's best-in-the-world freight rail system. 'We think Lincoln would have been proud of the vital role railroads serve today in delivering the goods and products essential for everyday life in America,' said Liisa Stark, Vice President - Public Affairs for Union Pacific Railroad. Share The event was sponsored by Union Pacific, the Lincoln Presidential Foundation, Looking for Lincoln and Hanson Professional Services. Special guests at the event included Springfield Mayor Misty Buscher, Illinois Railroad Association President Tim Butler, Lincoln Presidential Foundation President and CEO Erin Mast, National Park Service Superintendent Chris Collins, State Sen. Doris Turner, State Sen. Mike Coffey, Union Pacific Vice President – Public Affairs Liisa Stark and Union Pacific Senior Director – Public Affairs in Illinois Tom Evenson. Lincoln founded Union Pacific with the signing of the historic Pacific Railway Act on July 1, 1862, which authorized construction of the nation's first transcontinental railroad network. 'Union Pacific is incredibly proud of our heritage, and we are honored to share this special locomotive in the hometown of the man who brought our railroad to life and unleashed economic prosperity,' said Liisa Stark, vice president of Public Affairs for Union Pacific Railroad. 'We think Lincoln would have been proud of the vital role railroads serve today in delivering the goods and products essential for everyday life in America.' The Lincoln Locomotive, which serves as a traveling ambassador for Union Pacific, made its debut on April 30 in North Little Rock, where it was painted by Union Pacific employees. It is painted in a color scheme unique to Lincoln's era and serves as a nod to another famed locomotive - No. 119 – which was one of two locomotives present at the Golden Spike Ceremony in Promontory Summit, Utah, in 1869, which marked the completion of the nation's first transcontinental railroad. Springfield was also designated as an official Train Town USA community. The honor celebrates the towns and communities along Union Pacific's tracks, many of which exist because of the railroad. Just as they were more than 100 years ago, these communities remain vital to the railroad's success. 'It is an incredible honor for Springfield to host Union Pacific Railroad on this historic milestone and to welcome the Lincoln Locomotive to the hometown of our 16th president. Abraham Lincoln's vision helped unite a nation, and that legacy lives on through the railroads that continue to connect communities and drive economic progress. Being named a Train Town USA is a proud recognition of Springfield's enduring role in our nation's rail history,' said Springfield Mayor Misty Buscher. Railroads are at the heart of the U.S. economy and touch nearly every industry including vehicles, chemicals, energy, agriculture, metals, minerals, forest products, consumer goods and more. Union Pacific's more than 30,000 employees deliver essential items from lumber and drywall to build homes to corn and wheat to make bread and cereal. ABOUT UNION PACIFIC Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at ABOUT THE LINCOLN PRESIDENTIAL FOUNDATION Established in 2000, the Lincoln Presidential Foundation is a 501(c)(3) nonprofit public charity headquartered in Illinois. It is the only national foundation focused on increasing access to history, educational programs, exhibits, and sites highlighting the life and legacy of Abraham Lincoln. The Foundation works in cooperation and partnership with others locally, nationally, and globally. Its vision is a world where freedom and democracy flourish, inspired by the life and work of Abraham Lincoln. Learn more at ABOUT LOOKING FOR LINCOLN The Looking for Lincoln Heritage Coalition is the coordinating entity for the 43-county Abraham Lincoln National Heritage Area. It is a partnership of organizations and individuals dedicated to enhancing the communities and landscapes of central Illinois through recognition and support of their significant natural, cultural, and historical legacies. Few individuals have so profoundly influenced American history as did Abraham Lincoln. Millions around the world are inspired by the story of Lincoln's rise from humble beginnings to President of the United States, his qualities of integrity and courage and his decisive leadership – traits that carried a fragile nation through one of its most trying periods. For more information about the Looking for Lincoln Heritage Coalition and the Abraham Lincoln National Heritage Area, go to ABOUT HANSON PROFESSIONAL SERVICES Hanson Professional Services Inc. is a national, employee-owned consulting firm with a global reach. Established in 1954, Hanson provides multidiscipline services to clients from six markets: railway, infrastructure, aviation, government, industry and power. For decades, Hanson has appeared as a Top 500 design firm in Engineering News-Record's listing of premier U.S. design firms and has received numerous workplace and project-related awards. Hanson is proud to provide design engineering, program management and construction observation services for the $570 million Springfield Rail Improvements Project in Springfield, Illinois.
Business Wire
an hour ago
- Business Wire
Asbury Automotive Group Schedules Release of Second Quarter 2025 Financial Results
DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on Tuesday, July 29, 2025. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time. The conference call will be simulcast live on the internet and can be accessed by logging onto A replay will be available on this site for 30 days. In addition, live audio will be accessible to the public. Participants may enter the conference call five to ten minutes prior to the scheduled start of the call by dialing: About Asbury Automotive Group, Inc Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury's constant North Star. As of June 30, 2025, Asbury operated 145 new vehicle dealerships, consisting of 189 franchises and representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America's Fastest Growing Companies 2024 by the Financial Times and the Company is listed in World's Most Trustworthy Companies 2024 by Newsweek. For additional information, visit
