News
Lucid shares tumble following public offering of nearly 262.5 million shares
Shares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Why Tesla isn’t unionized
Tesla has beaten back previous efforts by workers to unionize – but the United Auto Workers hopes a successful strike…
JPMorgan Chase is set to report third-quarter earnings — here’s what the Street expects
JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday.Here's what Wall Street expects, according to analyst…
China’s exports and imports drop again in September
BEIJING — China reported a smaller-than-expected decline in exports in September from a year ago, while imports missed, according to…
If you’re stuck in traffic this $100,000 Mercedes will drive for you
It was a cloudy day in Los Angeles when I went out in search of a traffic jam, something that’s…
Russia brings back capital controls to shore up the ruble
Russia has reimposed some of the capital controls it introduced in the wake of its full-scale invasion of Ukraine in…
Mortgage rates continue to climb, hitting 7.57%
Mortgage rates climbed for the fifth consecutive week Thursday, following recent jobs and inflation reports that surged past forecasts and…
Secret recording of Caroline Ellison meeting with Alameda staff exposed in SBF criminal trial
In an all-hands meeting on the evening of Nov. 9, 2022, Alameda Research employees gathered in a circle to listen…
GOP’s Scalise ends his bid to become House speaker after failing to secure the votes to win gavel
Republican Steve Scalise ended his bid to become House speaker late Thursday after hardline holdouts refused to back the party's…
Flexport to cut 20% of staff one month after CEO shakeup
Supply chain management company Flexport said it plans to lay off 20% of its workforce on Friday, just one month…
Interest rates take center stage with banks set to report quarterly results
Bank stocks remain under pressure due to high interest rates as financial firms like Club holdings Wells Fargo (WFC) and…
From Birkenstock to Instacart: IPOs are in a rut
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign…
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
American banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking margins and rising loan…
Dollar General brings former CEO Todd Vasos back to lead the struggling retailer
Dollar General has brought back its former chief executive in an attempt to revive its struggling business. On Thursday, the…
Here are 3 stocks in our portfolio that Goldman Sachs think will rally on earnings
It's encouraging to see three Club stocks on the bullish side of Goldman Sachs' new list of 25 tactical trades…
Flexport is laying off 20% of its workforce
Supply chain software startup Flexport plans to cut approximately 20% of its global workforce as part of a new round…
Billionaire CEO demands UPenn leaders quit and donations halt over alleged failure to address antisemitism on campus
Wall Street CEO Marc Rowan is calling for the leaders of the University of Pennsylvania to resign and donors to…
Target shares get upgrade from Bank of America. Here’s what the pros have to say
Market Movers rounded up the latest reactions on Target from investors and analysts. The pros, including Jim Cramer , discussed…
Chipmaker Qualcomm to lay off over 1200 California workers
Qualcomm, one of the largest microchip manufacturers globally, is scaling back its workforce. The San Diego, California-based company will be…