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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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Chinese listings overseas getting complicated despite growing interest, says NYSE’s Ge
There is strong appetite among Chinese companies to list on U.S. stock exchanges, but these IPOs have become a more…
Costco’s longtime CEO steps down
Longtime Costco chief executive Craig Jelinek will step down at the end of the year, the company said Wednesday. Ron…
Delta loyalty program backlash: Airline backtracks on some changes after an uproar from customers
Delta Air Lines is easing off some recent changes to its SkyMiles loyalty program that sparked criticism from frequent flyers.…
After a summer of Barbenheimer and Beyoncé, can US consumers still afford the holiday season?
Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new…
UPenn crisis deepens: Former trustee calls for president to resign as donors bail
Former University of Pennsylvania trustee Vahan Gureghian is calling for Liz Magill, the Ivy League school’s president, to step down…
GM and Honda team up on autonomous ride service for Japan
General Motors and Honda, along with Cruise — GM’s autonomous driving subsidiary — have agreed to create a driverless ride-hailing…
Bad news for commercial real estate: Architects report a big drop in business
Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could experience even…
Nokia says it will cut up to 14,000 jobs
Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said…
Stocks making the biggest moves midday: United Airlines, Nvidia, Morgan Stanley and more
Check out the companies making headlines in midday trading. United Airlines — The airline stock dropped 9.7%. On Tuesday, the…
From Russia to the Middle East: Why China can’t afford another big conflict
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s…
The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar
The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That…
China’s housing market struggle will weigh on global growth
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s…
Stakes raised for Powell speech Thursday with 10-year yield on cusp of 5%. Here’s what he could say
Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address, with markets bracing that…
US citizen working as journalist detained in Russia
A US-Russian dual national working for Radio Free Europe has been detained in Russia and charged with failing to register…
We’re lowering our price target on Morgan Stanley as shares tumble on earnings results
Morgan Stanley (MS) reported better-than-expected third-quarter results Wednesday, even as investor disappointment over its wealth management business and the prolonged…
Fed Chair Powell hints that soaring bond yields could mean end of rate hikes
Federal Reserve Chair Jerome Powell said Thursday that soaring bond yields could help the Fed slow the economy, further cooling…
Google cuts dozens of jobs in news division
Google cut dozens of jobs in its news division this week, CNBC has learned, downsizing at a particularly sensitive time…
Nestlé is closing an infant formula factory as China’s birth rate plunges
Nestlé plans to close one of its plants that make baby formula, citing a sharp drop in China’s birth rate,…