These are the stocks posting the largest moves in midday trading.
Category: Finance News
The Fed is finally cutting rates, but banks aren’t in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.
Here’s the inflation breakdown for September 2024 — in one chart
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index.
Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds posted the largest single-day net selling of Chinese securities on Tuesday, according to Goldman Sachs’ prime brokerage data.
Inflation rate at 2.4% in September, topping expectations; jobless claims highest since August 2023
The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.
Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
These are the stocks posting the largest moves in premarket trading.
7-Eleven’s parent company cuts full-year earnings forecast, presses ahead with restructuring
The news comes as the Japanese retail group resists a takeover attempt by Canada’s Alimentation Couche-Tard.
Ripple launches crypto storage services for banks in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.
Fed officials were divided on whether to cut rates by half a point in September, minutes show
The Federal Reserve on Wednesday releases minutes from its Sept. 17-18 policy meeting.
Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
These are the stocks posting the largest moves in midday trading.