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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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Toyota recalls more than 1.8 million RAV4 vehicles
Toyota is recalling more than 1.8 million RAV4s, the company announced Wednesday. Specifically, it is recalling certain vehicles from model…
AMD surges after issuing positive outlook for AI chips next year. Here’s what the pros say
Market Movers rounded up the latest reactions to Advanced Micro Devices from investors and analysts. The pros, including Jim Cramer…
Stocks making the biggest moves after hours: SolarEdge, Qualcomm, Etsy, Clorox and more
Check out the companies making headlines in extended trading. SolarEdge — The solar stock cratered 23% after SolarEdge posted a…
Disney to acquire remaining stake in Hulu for expected $8.6 billion
Disney said Wednesday that it will acquire Comcast’s 33% stake in Hulu for an expected $8.61 billion, making the streaming…
UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China
The U.K. government said Wednesday that it will invest £225 million ($273 million) into an artificial intelligence supercomputer, highlighting the…
DoorDash is testing warnings about bad service if you don’t tip your driver
Thinking of skimping on a DoorDash tip? Do so at your own risk, warns a message being tested by the…
DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024
DoubleLine Capital CEO Jeffrey Gundlach believes that interest rates are about to trend lower as the economy deteriorates further and tips into…
Taco Bell is gaining ground as people look to save on food
With interest rates high, student loan repayments back and elevated prices of consumer goods, many Americans are pulling back on…
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…
EU clamps down on Meta’s use of personal data for targeted ads
Meta will soon be forced to seek European users’ consent before using their personal information to deliver those users targeted…
Live updates on November Fed rate decision
Markets ahead of the Fed’s rate decisionStocks had modest gains – but were off their session highs – in the…
UPenn president launches action plan to fight ‘evil’ antisemitism after facing donor backlash
University of Pennsylvania President Liz Magill, facing a backlash from donors calling for her to resign, launched a new effort…
Russia-Ukraine war updates for November 1, 2023
Italian PM discussed international "fatigue" over Ukraine war with pranksters, Reuters reportsItalian Prime Minister Giorgia Meloni said there was international…
Stocks making the biggest moves midday: Estée Lauder, Yum China, Paycom Software and more
Check out the companies making headlines in midday trading. Advanced Micro Devices — The stock added 8% after the chipmaker…
Autoworkers won big pay hikes. They plan to leverage it against Tesla and Toyota
The United Auto Workers hopes the significant wage and benefit gains in tentative agreements with Ford, General Motors and Stellantis,…
Morgan Stanley auto analyst Jonas says investors are ‘waking up’ to idea that Ford, GM are not a way to play EV boom
For years, investors have poured money into legacy automakers as a cheaper derivative play to Tesla and other high-flying electric…
Private sector payrolls rose 113,000 in October, less than expected, ADP says
Private sector payroll growth increased modestly in October but missed expectations, in a potential sign that the employment picture could…
Chuck Schumer and Elizabeth Warren want FTC to probe blockbuster Exxon and Chevron mergers
Senate Majority Leader Chuck Schumer, Sen. Elizabeth Warren and nearly two dozen other Democrats are demanding federal regulators probe the…