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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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The Israel-Hamas war hasn’t set off market panic. That doesn’t mean investors aren’t concerned
Investors have much on their minds these days, but there’s one thing seemingly staying under the radar. The Israel-Hamas war,…
Stocks making the biggest moves midday: Spotify, Coca-Cola, DraftKings, 3M and more
Check out the companies making headlines in midday trading. Spotify — Shares rallied more than 10% Tuesday after the company…
Apple announces Oct. 30 event, new Macs expected
Apple sent invites on Tuesday for a launch event that will be streamed on its website on Oct. 30. The…
Dozens of states sue Instagram-parent Meta over ‘addictive’ features and youth mental health harms
Dozens of states sued Instagram-parent Meta on Tuesday, accusing the social media giant of harming young users’ mental health through…
China signals more support for struggling local governments
BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux…
Meta sued by 33 state AGs for addictive features targeting kids
A bipartisan group of 33 attorneys general is suing Meta over addictive features aimed at kids and teens, according to…
Shares in one of London’s biggest IPOs this year have crashed 82%
Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10%…
Spotify stock jumps 10% as cost-cutting boosts streamer to first quarterly profit in a year
Spotify shares jumped 10% on Tuesday after the company reported a surprise profit for the third quarter — its first…
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts
JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly…
Another massive autoworkers strike expansion: 5,000 UAW workers walk off at GM’s biggest plant
The United Auto Workers union announced a surprise targeted strike against General Motors’ Arlington Assembly plant in Texas on Tuesday…
China reportedly ousts defense minister after two-month absence
The Chinese government removed General Li Shangfu from the post of defense minister and state councilor without appointing a replacement,…
A risk of ‘cash stuffing:’ You may forgo ‘the easiest money you are ever going to make,’ says analyst
These days, savers can get better returns on their cash than they have in nearly two decades.After a series of interest rate hikes from…
Donor revolt at Harvard and UPenn over Israel shows big checks often have strings attached
Big money donations are booming at America’s colleges, helping fund higher education for millions of students. But big donations often…
Stocks making the biggest moves premarket: Spotify, RTX, Coca-Cola and more
Check out the companies making headlines before the bell. General Motors — General Motors shares were up more than 1%…
Why bitcoin is surging again
Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It’s up 20% over the past five…
Coca-Cola beats earnings estimates, raises outlook as volume grows despite price hikes
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations as consumers shook off higher prices for its…
The Fed is losing control
America’s first inflation crisis in decades, combined with the Federal Reserve’s aggressive interest rate hikes to combat it, has made…
Couple had $18 in the bank when they started their company—now they have millions in revenue and a $400,000 ‘Shark Tank’ deal
When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account.Now, they…