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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…
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Australian reporter Cheng Lei released after three years detention in China over espionage charges
Australian TV anchor Cheng Lei has been released by China and returned home to her family, Australia’s Prime Minister Anthony…
Walgreens Boots Alliance names Tim Wentworth new CEO
Walgreens Boots Alliance said Tuesday that it has named Tim Wentworth its new CEO. Wentworth will begin the position on…
Estimated $1.73 billion Powerball jackpot up for grabs during Wednesday night’s drawing
An estimated $1.73 billion Powerball jackpot is up for grabs during Wednesday night’s drawing, setting the stage for a lucky…
Samsung flags 78% profit drop as chip demand remains weak
Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower than…
China’s consumer spending isn’t roaring back to pre-pandemic levels yet
BEIJING — China's consumer spending still isn't growing as fast as it did before the pandemic, analysts said.Retail sales for…
‘They have made those sacrifices’: Israel-Hamas war claims the lives of several journalists reporting from the raging conflict
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest…
Birkenstock is now an $8 billion company
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign…
EU warns Elon Musk of ‘penalties’ for disinformation circulating on X amid Israel-Hamas war
European officials warned X on Tuesday that the company formerly known as Twitter appears to have been hosting misinformation and…
Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X, formerly Twitter
A European regulator has issued Elon Musk a stern warning about the spread of illegal content and disinformation on X,…
Google looks to do away with passwords, making ‘passkeys’ the default option
Google is looking to make passwords obsolete by prompting users to create passkeys to unlock accounts and devices with a…
GM settles strike at Canadian plants
A strike at General Motors’ Canadian plants is over less than a day after it started, according Unifor, the union…
Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march…
Why Walgreens pharmacy workers are walking off the job
Retail pharmacists and technicians around the country say they’re overworked, underpaid and fed up. Now some are walking off the…
Stocks making the biggest moves midday: Block, Truist, PepsiCo, Rivian and more
Check out the companies making headlines in midday trading.Skechers — The shoe company gained 2.6% after UBS reiterated its buy…
Caroline Ellison took almost 30 seconds to recognize ex-boyfriend Sam Bankman-Fried as testimony begins
Caroline Ellison, the former head of Sam Bankman-Fried's crypto hedge fund and the government's star witness in the criminal fraud…
See Burger King’s new restaurant design
Burger King has been working to revitalize its brand over the past few years, redesigning everything from its logo to…
Israel just shut a gas field near Gaza. Here’s why that matters
Chevron said Monday it had shut down a natural gas field off the coast of Israel at the behest of…
The climate crisis is coming for your hoppy beer
Hops in major beer-producing European countries like Germany, Czech Republic and Slovenia are ripening earlier and producing less since 1994,…