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
China’s biggest shopping festival is set for a tepid 2023, survey finds
BEIJING — Most consumers in China are planning to keep a lid on spending during this year's Singles Day shopping…
Cruise confirms robotaxis rely on human assistance every four to five miles
Cruise CEO and founder Kyle Vogt posted comments on Hacker News on Sunday responding to allegations that his company's robotaxis…
Most people would love a four-day workweek. But it doesn’t work for everyone
If you’ve always thought you might be happier with a four-day workweek, you’re hardly alone. When asked how six different…
WeWork, once valued at $47 billion, files for bankruptcy
Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in New Jersey federal court Monday, saying that it had entered…
Here’s how much WeWork co-founder Adam Neumann made before the company’s bankruptcy
WeWork's dizzying rise and protracted fall into Chapter 11 bankruptcy protection Monday largely hinged on one man: Adam Neumann.The former…
US credit card balances see largest yearly leap on record
The resilient consumer has kept the US economic engine running, but it’s coming at a big cost: Americans are piling up record credit…
Stocks making the biggest moves after hours: eBay, Toast, Extra Space Storage, Akamai Technologies and more
Check out the companies making headlines after the bell : Robinhood — Shares of the trading platform app slid more…
Russia-Ukraine war updates for November 7, 2023.
Zelenskyy proposes ban on Ukrainian natural gas to continue in 2024Ukrainian President Volodymyr Zelenskyy proposed extending the current export ban…
Execs ignored the damage Instagram does to teens, Meta whistleblower tells Congress
Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as…
Hunter Biden prosecutor tells House panel he is ‘the decision-maker on this case’
The federal prosecutor in the cases against Hunter Biden told the Republican-led House Judiciary Committee on Tuesday that "political considerations…
How the cost of homebuying and selling will change after landmark court loss over real estate commissions
A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate…
S&P 500 and Nasdaq Composite notch longest streak of gains in two years
Wall Street gained Tuesday as the continued slide in Treasury yields helped propel stocks higher. The S&P 500 index climbed…
Gen Z, millennials have a much harder time ‘adulting’ than their parents did, CNBC/Generation Lab survey finds
Gen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first…
Here’s why shares of Apple are ready for their ‘next leg up’
Apple (AAPL) stock is poised for fresh gains once the market realizes the iPhone maker's long-term growth prospects in China…
How WeWork’s bankruptcy could have a painful effect on cities
America has a glut of empty offices. Now, some offices face losing WeWork, which has more than 600 locations in…
Budgeting app Mint is shutting down, to the disappointment of loyal users: ‘This is the peril of relying on free services’
Raj Giri was "blown away" to learn that his favorite budgeting app, Mint, will be discontinued in 2024, which was…
We’re downgrading Emerson Electric on inconsistent execution and weak results
Industrial technology company Emerson Electric 's (EMR) disappointing quarterly results Wednesday highlighted management's inability to execute on a consistent basis, forcing…
More than 20 members of Congress send letter to UPenn over alleged failure to address antisemitism on campus
More than two dozen Republican members of Congress sent a letter to University of Pennsylvania President Liz Magill condemning the…