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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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Pfizer swings to quarterly loss due to Paxlovid, Covid vaccine write-offs
Pfizer on Tuesday reported a narrower than expected adjusted loss for the third quarter as the drugmaker recorded charges largely…
Europe’s economy risks a recession after output falls in the third quarter
The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in…
Zombie firms are filing for bankruptcy as the Fed commits to higher rates
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms…
Stellantis takes $3 billion revenue hit from autoworker strikes
Historic strikes by autoworkers in North America have cost Stellantis €3 billion ($3.2 billion) in lost revenue, the maker of…
Australia snubs EU terms for free trade deal
Canberra — Australia has rejected European Union proposals for a free trade agreement, and a deal is now unlikely to be…
Europe’s biggest economy shrank in the third quarter, spelling trouble for the region
Output in Germany fell slightly in the third quarter, official data showed Monday, increasing the risk of a recession in…
A ‘festering’ powder keg in Europe is lurking in the shadow of the Israel-Hamas war
As conflict rages between Israel and Hamas and Russia and Ukraine, political analysts say the focus of Western powers has…
Oil major BP misses estimates for third quarter as profits plummet
LONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates.The British energy giant logged…
Canada bans China’s Wechat from government devices citing security risks
Canada has banned Chinese super-app WeChat on official government devices citing cybersecurity risks, following similar action taken against short-form video…
China’s factory activity unexpectedly contracts in October as demand drops
China’s massive manufacturing sector has contracted once again amid weak demand, fueling calls for stronger policy support to boost growth.…
Native American populations are ‘invisible’ to banks. That needs to change
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
HSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66…
Bank of Japan increases flexibility on yield curve control, keeps rates unchanged
Japan's central bank is allowing more flexibility in its yield curve control policy, shifting the language used to describe the…
Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter
The US Treasury Department said it expects to borrow $776 billion in the final quarter of this year, the most…
Apple unveils its fastest iMac and MacBook Pro models yet
Apple’s MacBook Pro lineup and colorful iMacs just got even faster. At an event livestreamed on Monday night, the company…
Hollywood actors and major studios make progress in talks, signaling possible deal on horizon to end strike
It appears the actors’ strike is approaching its final scene. SAG-AFTRA, the union that represents more than 150,000 Hollywood actors,…
Apple announces new M3 chips and cuts the price of the entry-level MacBook Pro
Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on…
Judge shuts down Fox bid to look for links between George Soros and Smartmatic
A New York judge on Monday shut down an attempt by Fox News to search for links between George Soros, the Jewish billionaire and…