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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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‘Fundamental rethink:’ Investors dump China shares despite new efforts to shore up the economy
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s…
Huawei’s revenue barely rose in the third quarter, despite phone and car sales growth
BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter…
Meta has managed to get 33 US states to agree on something
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for…
US lawmakers question tax prep companies on sharing of taxpayer data with Big Tech platforms
A group of US lawmakers wants answers from tax preparation companies, including TaxAct and H&R Block, about whether they may…
Maine mass shooting prompts news organizations to rapidly shift from the war abroad to the war at home
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling…
Sam Bankman-Fried set to take the stand Friday morning
FTX founder and former CEO Sam Bankman-Fried has made a career out of risky bets that, for a while, paid…
Chinese smartphone maker Xiaomi releases a new operating system as it plans car integration
BEIJING — Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it seeks to…
TSMC founder says US-China tensions will slow global chip industry
The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and…
ECB pauses rate hike campaign as recession in Europe looms
The European Central Bank (ECB) held off raising interest rates Thursday for the first time in 15 months as evidence…
Russian journalist who protested war on live TV says Moscow stripped her of custody of daughter
Marina Ovsyannikova, the journalist who interrupted a live broadcast on Russian state TV with an anti-war protest sign at the…
Messaging app Telegram restricts access to some Hamas-run channels
The messaging app Telegram has restricted access to several channels closely associated with or operated by Hamas, as the militant group’s war…
Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.Pick, a Morgan…
Ford will postpone about $12 billion in EV investment as buyers become more cautious
As a result, it's postponing about $12 billion in planned spending on new EV manufacturing capacity.Customers' reluctance to pay extra…
BP buys $100 million worth of Tesla chargers
Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks…
Ford misses Wall Street’s Q3 expectations, pulls guidance due to UAW strike, pending deal
DETROIT — Ford Motor on Thursday missed Wall Street's third-quarter earnings expectations, as it restructures its operations and regroups following…
Amazon reports better-than-expected results, as revenue jumps 13%
Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts' estimates. The stock climbed in extended trading.Here are…
Chipotle says it may need to tick its food prices up to pay California wages
Chipotle, which just announced price hikes, said it will likely charge even more at its California restaurants, blaming a new…
Meta’s latest earnings beat overshadowed by slowing 4Q ad sales outlook. What the pros say
Market Movers rounded up the latest reactions to Meta from investors and analysts. The pros, including Jim Cramer , discussed…