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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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US consumer confidence is the lowest it’s been in four months
Rising gas prices and high interest rates contributed to greater economic uncertainty and dampened consumer confidence in September, dropping the…
Alibaba’s logistics business will go public in first IPO from the new-look tech giant
Alibaba said Tuesday that it would spin off Cainiao, its logistics arm, in what will be the conglomerate’s first initial…
FTC files lawsuit against Amazon. Here’s how to play the stock
Market Movers rounded up the latest reactions on Amazon from investors and analysts. The pros discussed the e-commerce giant as…
Trump blasts special counsel’s gag order request in federal election case
Attorneys for Donald Trump urged a judge not to impose a partial gag order on the former president in his…
US government and 17 states sue Amazon in landmark monopoly case
The US government and 17 states are suing Amazon in a landmark monopoly case reflecting years of allegations that the…
Investors will be rewarded over the long term for buying these cheap bank stocks, Oppenheimer says
Although bank stock investors are wading through a period of uncertainty and jittery sentiment, Oppenheimer has a positive outlook on…
Target says it will close nine stores in major cities, citing violence and theft
Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized…
Target says it will close nine stores in four states due to theft and organized retail crime
Target is closing nine stores across four states, claiming theft and organized retail crime are creating an unsustainable business environment.…
JPMorgan’s UK digital bank blocks customers from buying crypto
Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets.The company…
How a federal government shutdown may affect Social Security and Medicare
Washington lawmakers are scrambling to pass a spending bill before an Oct. 1 deadline.If they cannot agree, there will be…
Dow tumbles by more than 400 points, on pace for biggest one-day decline since March
Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy’s cloudy outlook and further interest…
SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company…
Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
Minneapolis Federal Reserve President Neel Kashkari thinks there's nearly a 50-50 chance that interest rates will need to move significantly…
Panera jumps on a TikTok trend, adds ‘Roman Empire’ inspired menu
Men, apparently, can’t stop thinking about the Roman Empire. Panera Bread fans can’t stop thinking about their broccoli cheddar soup.…
FTC and 17 states sue Amazon on antitrust charges
The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon.In a sweeping complaint filed in federal court in…
Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more
Check out the companies making headlines in midday trading.Cintas — Shares fell 4.8% after the company reported its 2024 fiscal…
JPMorgan CEO Jamie Dimon warns the world isn’t ready for 7% interest rate
JPMorgan Chase CEO Jamie Dimon is raising the specter of the war on inflation getting worse before it gets better.…
Sen. Cory Booker, dozen other Democratic senators call on Menendez to quit due to bribery indictment
U.S. Sen. Cory Booker joined a fast-growing chorus of Democrats to call on Sen. Bob Menendez, his fellow lawmaker from…