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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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These little-known stocks can see an uptick in demand when hurricanes strike
Before a hurricane such as the recent Hurricane Idalia makes landfall, consumers typically load up on flashlights, batteries and plywood…
Biden says record profits should ensure record contracts as UAW strikes Ford, GM and Stellantis plants
WASHINGTON — President Joe Biden said Friday that workers should be fairly compensated as auto companies make record profits, after the…
Adobe falls after the software giant posts quarterly results. Here’s how to play the stock
Market Movers rounded up the latest reactions on Adobe from investors and analysts. The pros discussed the software company after…
McDonald’s franchisee group says new California fast-food bill will cause ‘devastating financial blow’
After California lawmakers passed a landmark fast-food bill, an independent advocacy group of McDonald's owners is pushing back against what…
UAW strike brings blue-collar vs. billionaire battle to Detroit
DETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as…
Oracle buddies up with Microsoft. Plus our take on Salesforce and Meta news
A new partnership between Microsoft (MSFT) and Oracle (ORCL) has the potential to benefit both Club holdings in the competitive…
Trump bemoans high interest rates and indicates he might pressure Fed to lower
Former President Donald Trump complained that interest rates are too high and indicated that if he gets another term in…
Striking auto workers want a 40% pay increase—the same rate their CEOs’ pay grew in recent years
Thousands of United Auto Workers members are officially on strike after three Detroit automakers failed to reach an agreement with…
Former Wells Fargo executive avoids prison time for her role in fake-accounts fraud
Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s…
Stocks making the biggest moves midday: General Motors, Stellantis, Planet Fitness, Adobe and more
Check out the companies making headlines in midday trading.General Motors, Ford, Stellantis — Shares of Ford rose slightly, while General…
The auto strike at Detroit’s Big 3 could be a catalyst for what every American worker fears
The United Auto Workers targeted all three Detroit automakers — General Motors (GM), Chrysler-owner Stellantis (STLA) and Club name Ford…
Apple to issue iPhone 12 update in France after sales halted over radiation levels
Apple plans to update iPhone12 software for users in France after the country’s regulators ordered a pause on sales of…
McDonald’s is selling 50-cent double cheeseburgers for National Cheeseburger Day, Wendy’s is giving them out for a penny
McDonald's is getting in the holiday spirit.The fast food giant is celebrating Monday's National Cheeseburger Day by discounting one of…
Jets owner Woody Johnson is privately lobbying GOP megadonors to donate to Trump’s campaign
Billionaire and New York Jets owner Woody Johnson is part of a very small group within former President Donald Trump's…
Chaos is the strategy for the UAW’s new president
UAW President Shawn Fain has become the X factor in the striking autoworkers’ pursuit of increased pay and benefits, injecting…
Planet Fitness shares sink 15% after board ousts CEO in shocking move
In a move that stunned investors and employees alike, Planet Fitness ousted company veteran Chris Rondeau from his post as…
Here’s what we think about the big time buyout interest in Disney’s ABC
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a…
TikTok fined $368 million in Europe for failing to protect children
A major European tech regulator has ordered TikTok to pay a €345 million ($368 million) fine after ruling that the…