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 you may see a smaller pay raise and less chance of a promotion next year
US employers are planning smaller pay raises and fewer promotions next year, compared to what they gave this year. That’s…
Citi upgrades this packaging company that can rally more than 30%
Sealed Air could see an earnings revival, Citi says. Analyst Anthony Pettinari upgraded the packaging company to buy from neutral.…
Offices remain half full after latest round of RTO mandates: Taking away hybrid could be a ‘betrayal’
Since the beginning of the pandemic, corporate bosses have used Labor Day as a benchmark to call workers back to…
Amazon invests up to $4 billion in Anthropic AI in exchange for minority stake and further AWS integration
Amazon said on Monday that it’s investing up to $4 billion into the artificial intelligence company Anthropic in exchange for…
JPMorgan says buy the dip on this chemical giant trading at a ‘reasonable valuation’
Now is the time to buy the dip in chemical company Dow Inc. , says JPMorgan. The bank upgraded Dow…
Stocks making the biggest moves in premarket trading: AstraZeneca, Paramount, Nike and more
Check out the companies making headlines before the bell.AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy…
‘Where is the phone?’ Huawei keeps quiet about Mate 60 Pro but takes aim at Tesla
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s…
Jefferies downgrades Nike, says wholesale and China pressures will keep stock in check
Investors may want to stay away from Nike as near-term headwinds weigh on the sports retailer, according to Jefferies. Analyst…
China-EU relationship is at a crossroads, top official says in Beijing
It is a make-or-break moment for China's relationship with the European Union, as the bloc's trade chief asks for more…
The very rich are often bad investors. Here’s why
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
Huawei stays silent on secretive 5G phone at high-profile product launch
BEIJING — Chinese telecommunications and smartphone giant Huawei didn't reveal any details about its new phone or reported advanced chip…
‘Private equity is now king’ for the ultra-rich, says Tiger 21, an exclusive club of investors
Private equity is currently "king" among members of Tiger 21 — a network of ultra-high net worth entrepreneurs and investors…
China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock
Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company…
Saudi Arabian auto rental firm Lumi pops 30% in stock market debut
Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm debuted on the…
Evergrande’s plan to stave off collapse is running into trouble
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s…
A top European software investor raises $700 million — defying the venture capital slump
Dawn Capital, one of Europe's biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling…
Betting on a rate cut is ‘premature,’ European Central Bank member says
It is "premature" to bet on a cut to interest rates, Francois Villeroy de Galhau, France's central bank governor, told…
Central banks across Europe pause for breath after mammoth rate hike run, but face ‘triple dilemma’
High inflation continues to plague European households and businesses, and central banks in the region have yet to declare victory…