These are the stocks posting the largest moves in extended trading.
AMD drops despite topping estimates in latest quarter. Here’s what the pros are saying
Pros on CNBC discussed AMD after second-quarter earnings and revenue beat estimates but forward guidance fell short of what analysts had estimated.
IRS unveils ‘paperless processing initiative’ for taxpayers. Here’s what to expect
The IRS will offer digital correspondence for the 2024 season and aims to provide “paperless processing” for tax returns in 2025. Here’s what to know.
Elon Musk tweets and Twitter bots drove up price of FTX-listed altcoins, research finds
Sam Bankman-Fried and his crypto hedge fund Alameda Research benefitted from the fake bot activity on Twitter, which drove up the prices of several altcoins.
JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade ‘ridiculous,’ but says ‘doesn’t really matter’
Still, it is “ridiculous” that other countries are rated higher than the U.S. when they depend on the stability created by the U.S., Dimon added.
Veteran banker Jeffrey Schmid picked to lead Kansas City Fed
Schmid, with more than 40 years of experience as a regulator and banker, will take over Aug. 21 for Esther George, who retired earlier this year.
The Fitch analyst behind the U.S. downgrade breaks down the decision—and how the country can regain the top rating
Fitch Ratings’ Richard Francis told CNBC that the rating agency would need to see a long-term fiscal solution and a reduction of its debt.
Stocks making the biggest moves midday: SolarEdge Technologies, Humana, Starbucks, Robinhood and more
These are the stocks posting the largest moves midday.
Terry Crews: ‘I would have made more money at McDonald’s’ than I did in the NFL
Terry Crews says he only made $150 per week during a six-month stint of his professional football career. Here’s how he survived before his big acting break.
Private sector added 324,000 jobs in July, well above expectations, ADP says
That total was well above the Dow Jones consensus estimate for 175,000, though it marked a decrease from the downwardly revised 455,000 in June.