
Mark Walter and Lakers say sale of the team is expected to close later this year
In a statement Wednesday, the sides confirmed that Jeanie Buss — whose family has had control of the Lakers for 46 years — will remain governor of the team and 'continue to oversee all team operations on a day-to-day basis for the foreseeable future.'
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Washington Post
23 minutes ago
- Washington Post
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
WASHINGTON — When top U.S. and Chinese officials meet in Stockholm , they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's two largest economies, analysts say.
Yahoo
29 minutes ago
- Yahoo
Rivian vs. Lucid: 1 Reason Jim Cramer Likes One Stock Over the Other
Key Points Lucid closed a deal with Uber to power its robotaxi division. Wall Street veteran Jim Cramer is doubting the deal's long-term potential. Rivian may be a better buy due to a deal with VW. 10 stocks we like better than Lucid Group › Lucid Group (NASDAQ: LCID) soared in value following the announcement of its partnership with Uber Technologies. According to the deal's terms, Uber will invest $300 million in the electric vehicle (EV) maker. Uber also committed to purchase 20,000 vehicles from Lucid to kick-start its robotaxi division. Wall Street veteran Jim Cramer recently weighted in on the deal, and his take was surprising to many. He compared Lucid's deal with Uber to a partnership Rivian Automotive (NASDAQ: RIVN), another EV stock, made earlier this year. If you're invested in either Lucid or Rivian, you'll want to give Cramer's comments some consideration. How big is the Uber and Lucid partnership in reality? The details of Lucid's partnership with Uber are fairly straightforward. The latter says it is expecting to launch a robotaxi service later next year in a major U.S. city. To power this launch, Uber plans to order 20,000 Lucid Gravity SUVs over the next six years. According to a press release, the vehicles will be owned and operated by Uber or its third-party fleet partners and made available to riders exclusively via the Uber platform. To help Lucid scale up enough to produce this many vehicles, Uber also agreed to invest $300 million into the business. Around the same time, Lucid announced a 1-for-10 reverse stock split, but it's not clear how connected these two events are. While all of this looks promising on paper, there are two obvious problems. First, Uber's robotaxi division remains in its infancy. Whether it can actually grow big enough to acquire 20,000 Lucid vehicles remains a huge open question. Second, $300 million won't do much to keep Lucid financially viable over the next six years. While it ended 2024 with more than $6 billion in liquidity, the company also posted a net loss of $2.7 billion, roughly the same net loss it posted in 2023. A $300 million cash infusion is helpful, but it will hardly cure its ongoing financial challenges. Jim Cramer thinks Rivian's deal with Volkswagen is superior When Jim Cramer was asked about Lucid's partnership with Uber last week, he called the deal a "dalliance." In other words, he views it more as a short-term arrangement than a bona fide long-term partnership. "I think that you need a commitment, like the Volkswagen commitment to Rivian is extraordinary," Cramer said. "That's an open-ended check from one of the biggest car companies." He is referring to a joint venture between Volkswagen and Rivian that was announced in November 2024. The German automaker will receive crucial access to Rivian's software operating platform and technological back end. In exchange, Rivian receives up to $5.8 billion in funding. It's not hard to see the difference in commitments here. Uber is investing just $300 million into Lucid, with the promise of buying vehicles over the next six years. Rivian, meanwhile, is receiving up to $5.8 billion in funding by the end of 2027, starting with an immediate $1 billion convertible note. To be clear, Lucid's deal with Uber is still very exciting. ARK Investment CEO Cathie Wood eventually sees the robotaxi market being worth up to $10 trillion by 2030. But Rivian's deal with Volkswagen gives more credence to Rivian's tech stack and differentiation. If you're excited about the Uber-Lucid tie-up, be sure to dive into Rivian's and Volkswagen's partnership, as Cramer correctly points out. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Rivian vs. Lucid: 1 Reason Jim Cramer Likes One Stock Over the Other was originally published by The Motley Fool
Yahoo
29 minutes ago
- Yahoo
The clock is ticking on solar tax credits and All Energy Solar can help
MADISON, Wis., July 27, 2025 /PRNewswire/ -- Homeowners and businesses have a critical, rapidly approaching deadline to take advantage of the 30% federal solar tax credit: December 31, 2025. After this date, the Residential Clean Energy Credit will be eliminated entirely, and the Clean Energy Investment Tax Credit for commercial projects will be subject to new restrictions and early phase-out. All Energy Solar Inc. is urging people to act now to ensure their projects are completed in time to qualify for these significant savings. The recent "One Big, Beautiful Bill Act" abruptly cut short the federal solar tax credit, which was previously set to continue through 2034. This change creates a compressed timeline for those interested in investing in solar energy. For homeowners, this means a potential savings of an average of $9,000 will vanish in 2026. Businesses also face a limited window to capitalize on the full credit for renewable energy projects. "The phase-out of this federal tax credit is a big shift—not just for the solar industry, but for any homeowner or business thinking about going solar," said Ryan Buege, Vice President of Sales and Marketing at All Energy Solar. "The window is closing, but there's still time to lock in the full value if you act now. It may be years before solar becomes this affordable again." Typical installation timelines can span several months due to site design, permitting, and utility coordination. All Energy Solar encourages anyone considering solar to start their project now to maximize savings and avoid missing out on current incentives. "From your first consultation to system activation, going solar takes time—especially with permitting and utility approvals," Buege added. "Our team is experienced at navigating these local processes, but as demand surges, there will come a point where we simply can't guarantee new projects will qualify under the current incentive, especially for residential solar." For businesses switching to solar, the changes to the tax credit present a more nuanced, though still urgent, timeline. While the general elimination date for the Clean Energy Investment Tax Credit is December 31, 2027, projects that begin construction by July 4, 2026, can still qualify for the full 30% credit, provided they are placed in service within four years. Projects beginning construction after July 4, 2026, must be placed in service by December 31, 2027, to receive any credit. Furthermore, projects beginning construction after December 31, 2025, will face new "Foreign Entity of Concern" (FEOC) restrictions, requiring a certain percentage of components to be sourced from non-FEOC manufacturers to qualify for the credit. About All Energy SolarAll Energy Solar is a full-service solar energy solutions provider for residential, commercial, agricultural, and government customers seeking to make the transition to solar energy. Learn more at View original content to download multimedia: SOURCE All Energy Solar, Inc