News
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…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Snapchat isn’t just for teens anymore. Now it needs to make some real money
When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like…
As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal
Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of…
Here’s the No. 1 skill successful people have, says Arnold Schwarzenegger: ‘Most people aren’t so lucky’
Being curious and being a good listener are a big part of how to effectively utilize your relationship with other…
America’s frozen housing market: Sales hit a 13-year low
Home sales dropped in September to the lowest level since the foreclosure crisis as surging interest rates and climbing home…
September home sales drop to the lowest level since the foreclosure crisis
Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million…
Netflix stock surges 16% after Wall Street buys into ad-driven subscriber growth
Netflix shares surged 16% Thursday following a promising quarterly earnings report.The streaming giant reported several victories, including a 70% jump…
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
The fallout from the colossal implosion of Sam Bankman-Fried’s crypto business is still rippling through the digital asset industry nearly…
Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are…
U.S. Army charges Private Travis King with desertion over dash into North Korea
The U.S. Army has charged Private Travis King with crimes ranging from desertion for running into North Korea in July to assault against fellow soldiers and solicitation of child pornography, according…
The Ivy League donor backlash is a PR nightmare, and that’s the point
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for…
Bank of America says this brokerage stock is cheap and has 50% upside
Bank of America thinks it's the right time for investors to scoop up shares of Interactive Brokers after its earnings…
New York AG demands evidence review after top Trump exec is accused of lying in fraud trial
New York Attorney General Letitia James' office suggested Thursday that the Trump Organization failed to produce evidence in the $250…
Mitt Romney criticizes Fox News and right-wing media for warping Republican Party
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest…
Watch Fed Chair Jerome Powell deliver a speech on the U.S. economy
Federal Reserve Chair Jerome Powell delivered a speech on the U.S. economy Thursday at the Economic Club of New York.The…
U.S. State Department issues ‘worldwide caution’ alert as tensions in the Middle East soar
WASHINGTON — The U.S. State Department issued a worldwide caution alert on Thursday due to soaring tensions in the Middle East and…
Mortgage rates advance toward 8%
Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the Middle East. The 30-year…
A $7.40 fee could ruin your next trip to Europe. Miss it and ‘you won’t board the plane,’ expert says
Americans will soon have to apply for a travel authorization to visit Europe, and failing to get one may ruin…
CVS to pull certain cold medicines containing decongestant phenylephrine from store shelves
CVS is removing some of the most common cough and cold medicines from its store shelves and will no longer…