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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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Arm climbs 10% in Nasdaq debut after pricing IPO at $51 a share
Arm Holdings, the chip design company controlled by SoftBank, jumped 10% in its first day of trading on Thursday after…
Why the Arm IPO is good news for these bank stocks
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a…
Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.Fraser…
Delta joins other airlines in cutting profit estimates on higher costs
Delta on Thursday joined other carriers in trimming its profit estimates as costs rise.The airline said it expects to report…
Wall Street prepares for the biggest IPO in nearly two years
The largest public offering since 2021 is here. After a nearly two-year drought in the IPO market, UK-based chip designer…
August wholesale inflation rises 0.7%, hotter than expected
Inflation at the wholesale level rose more than expected in August, countering recent data showing that price increases have tempered…
Stocks making the biggest moves premarket: AMC, Etsy, First Solar and more
Check out the companies making headlines before the bell.Yum China — Shares rose over 3% in premarket hours as the…
European Central Bank hikes rates to record level as inflation risks outweigh economic gloom
The European Central Bank on Thursday announced a 10th consecutive hike in its main interest rate, as the fight against…
Wall Street’s mood is improving — but it’s far from upbeat
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
China cuts banks’ reserve ratio to aid recovery
China's central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for…
Ford CEO rebuffs UAW leader’s criticisms as strike deadline on Thursday approaches
DETROIT – Ford Motor CEO Jim Farley rebuffed comments by United Auto Workers President Shawn Fain that the company is…
The 10 best public colleges and universities in the U.S.—none are in California
Private colleges often take up the top spots on college rankings. In fact, Princeton University ranks No. 1 overall in the…
Taiwan slams Elon Musk, says it’s ‘not for sale’ nor part of China
Taiwan is "not for sale," and neither is it part of China, said Taiwan's Ministry of Foreign Affairs, in a…
Shipping giant Maersk unveils ‘trendsetter’ green vessel as it aims to be carbon neutral by 2040
Copenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a landmark moment…
I spent $2,580 to see Beyoncé, and it completely changed my outlook on life—a psychology expert explains why
Never had a concert inspired me so much that I wanted to change my entire approach to life.Then came Beyoncé.Earlier…
What is shadow banking? Unpacking the risks for China
BEIJING — China's real estate problems have again drawn attention to the world of shadow banking and the risks it…
American Airlines, Spirit Airlines cut summer profit forecast on higher costs
American Airlines and Spirit Airlines on Wednesday joined other carriers in warning that higher costs will hit profits during the…
UAW barrels toward ‘likely’ strikes against auto companies – here are the latest details
DETROIT – The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely" strategically striking the…