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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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Here’s why the UAW saving this Illinois auto plant is a ‘gigantic deal’
General Motors, Stellantis and Ford have closed dozens of US plants since the beginning of this century. Only a handful…
Nvidia will reportedly sell new chips to China that still meet U.S. rules
BEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while…
UK economy flatlines as finance minister decries inflation drag
The U.K. economy flatlined in the third quarter, initial figures showed Friday.Gross domestic product showed no quarterly growth in the…
The deal to end the historic actors’ strike came down to the wire, averting ‘a huge financial blow to everybody’
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the…
Chinese business database Qichacha passes Beijing’s security test for resuming overseas operations
BEIJING — Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to…
The US presidential election is next year. Here’s what that could mean for stocks
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
The IRS announced new tax brackets for 2024—here’s what you need to know
The Internal Revenue Service announced on Thursday that the thresholds for income tax brackets, and the standard amount Americans can…
Jezebel shuts down, lays off staff in ‘excruciating’ decision, parent company says
Jezebel, the punchy feminist blog with an outsized influence on internet culture, will suspend operations and lay off its staff…
Startup Li Auto is beating Tesla China’s EV sales
BEIJING — Chinese startup Li Auto sold more cars than Tesla's China business did in October, according to the China…
Mortgage rates plunge by largest amount in a year
Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after…
Vice to end several news shows and lay off dozens of staffers in hollowing out of news division
Vice Media, the one-time digital media darling that has seen its value and influence greatly diminish in recent years, moved…
Strikes were just one battle. Hollywood is still fighting a war for survival
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up…
Google employees typically work more than eight hours a day: Internal memo
When a Google employee asked the company if he could organize his work schedule to work fewer hours on more…
Microsoft restricts employee access to OpenAI’s ChatGPT, citing security concerns
Microsoft has invested billions of dollars in OpenAI. But employees of the software company aren't allowed to use the startup's…
News outlets deny prior knowledge of Hamas attack after Israeli government demands answers over misleading report
Four news organizations strongly denied on Thursday having had prior knowledge of Hamas’ Oct. 7 terror attack, after the Israeli…
Stocks making the biggest moves after hours: Wynn Resorts, Illumina, Unity Software, The Trade Desk and more
Check out the companies making headlines in extended trading. Wynn Resorts — Shares fell 6% following the casino operator's third-quarter…
Vince McMahon plans to sell a big chunk of his shares in WWE parent TKO
Vince McMahon plans to sell a substantial chunk of his stake in TKO, the parent company of WWE, the wrestling…
OpenAI says ChatGPT outages may be caused by targeted attack
OpenAI said recent outages of its viral ChatGPT chatbot could be caused by targeted attacks on its servers. The company…