Lucid shares are tanking. Here's why

Lucid (LCID) shares opened 12% lower on Monday after the high-end electric vehicle startup revealed it received a subpoena from the Securities and Exchange Commission (SEC) over its recent tie-up with a special purpose acquisition company.

• 
  EV automaker Lucid Group under investigation by SEC

  TechCrunch
• 
  The SEC is curious about Trump's SPAC deal

  TechCrunch

Goldman Sachs Has Bad News for Investors Rushing to Buy the Dip

(Bloomberg) -- Goldman Sachs Group Inc. is issuing words of caution for dip buyers plunging back into stocks: The December volatility breakout has room to run -- and risk gauges aren’t yet flashing buy signals.Most Read from BloombergThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsEven in the Metaverse, Not All Identities Are Created EqualThe $300 Billion Plan to Bring Green Power to China’s MegacitiesMeet the New

• 
  Stock Volatility Steers Gains to the Predictable Profit Makers

  Bloomberg
• 
  Goldman, Morgan Stanley Bid to Buy Into India Mapmaker’s IPO

  Bloomberg

Apple's Tim Cook signed $275 billion deal to placate China - The Information

Apple did not immediately respond to a Reuters request for comment. The five-year agreement was made when Cook made visits to China in 2016 to quash a host of regulatory action against the company, the report said, citing interviews and internal Apple documents. Cook lobbied Chinese officials, who believed the company was not contributing enough to the local economy, and signed the agreement with a Chinese government agency, making concessions to Beijing and winning key legal exemptions, the report added.

Buffett stays buoyant as Bitcoin plunges 20% — here are the top 3 stocks he's holding instead

Buffett prefers assets with clear, material use, and these definitely fit the bill.