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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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French prosecutors investigating Sanofi over possible market manipulation
French prosecutors have opened a preliminary investigation into multinational pharmaceutical company Sanofi over possible market manipulation.A judicial source confirmed to…
Uber reports third-quarter results that miss analysts’ expectations
Uber reported third-quarter results Tuesday that missed analysts' expectations on top and bottom lines but showed strength in other areas, like gross…
He was laid off by Elon Musk. Within hours, he had a plan to outdo Twitter
Just over a year ago, Alphonzo Terrell received an email letting him know he’d been laid off from Twitter. Terrell…
Starbucks is leaning into its sugary concoctions to boost the business
Extra shots, cold foam, oat milk and sugary syrups — coffee snobs might turn their noses up at Starbucks’ custom,…
National Association of Realtors CEO steps down, days after the trade group was found liable for conspiracy to inflate rates
Bob Goldberg, chief executive officer of the National Association of Realtors, the nation’s largest trade association, is stepping down, the…
Elon Musk says AI will eventually create a situation where ‘no job is needed’
LONDON — Elon Musk thinks that artificial intelligence could eventually put everyone out of a job.The billionaire technology leader, who…
The Dow soars more than 560 points as markets bet the Fed is done with rate hikes
US stocks soared higher again on Thursday as investors bet that the Federal Reserve’s current round of economically painful rate…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
Retailers predict a slower holiday shopping season
Retailers are projecting slower growth this holiday shopping season as inflation, higher borrowing costs, and the resumption of student loan…
Apple’s slower device sales continue to weigh on earnings
Apple on Thursday posted its fourth consecutive quarter of year-over-year sales declines as the iPhone maker continues to struggle with…
Walgreens is cancelling corporate bonuses as big pharmacies face increasing difficulties
As financial pressures mount on Walgreens, the nation’s largest drugstore chain, the company said it will cancel bonuses this year…
Blockbuster weight-loss drugs boost pharmaceutical companies Novo Nordisk and Eli Lilly
As prescriptions for weight-loss and diabetes drugs skyrocket, so too has revenue for drugmakers Novo Nordisk and Eli Lilly. On…
Stanley Druckenmiller says government needs to stop spending like ‘drunken sailors,’ cut entitlements
Billionaire investor Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past…
Russia-Ukraine war updates for November 2, 2023
Ukraine risking nuclear disaster with drones, Russia saysUkrainian drones are increasing the threat of nuclear disaster, Russia's defense ministry said,…
35,000 workers across 18 casinos will strike on Nov 10 if deal isn’t reached
The Culinary Workers Union Local 226 and Bartenders Union Local 165 will strike on November 10 at 5 am PT…
Roku stock soars 30% on third-quarter revenue beat, solid outlook
Shares of Roku soared Thursday, a day after the company reported better-than-expected revenue for the third quarter.Here's how Roku performed…
Moderna stock falls as sinking Covid vaccine demand drives steep loss
Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused…
Sam Bankman-Fried found guilty of seven counts of fraud in stunning fall for former crypto billionaire
Sam Bankman-Fried was found guilty on Thursday for his role in the collapse of crypto exchange FTX. After 15 days…