These are the stocks posting the largest moves in midday trading.
Long Covid is distorting the labor market — and that’s bad for the U.S. economy
Millions of people may be out of work, cutting hours or changing the nature of their jobs due to long Covid. The dynamics pose headwinds to the U.S. economy.
Saudi Arabia reports its first budget surplus in nearly 10 years on higher oil prices
The 2022 surplus came to 102 billion riyals ($27 billion), constituting 2.6% of Saudi gross domestic product, the kingdom’s finance ministry said.
FTX spokesman Kevin O’Leary says he lost his $15 million payday from crypto firm
Kevin O’Leary made millions as an FTX spokesman, but he says he’s lost it all after the bankruptcy of the crypto exchange.
New leases fall in New York City as rent prices continue to climb
CNBC’s Robert Frank joins ‘Squawk Box’ to report why New York City rents remain stubbornly high even as rents across the country cool.
Justice Department tells bankers to confess their misdeeds to cut better enforcement deals
Banks, at the nexus of trillions of dollars of flows around the world daily, have a lengthy track record of legal and regulatory failures.
Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
These are the stocks posting the largest moves before the bell.
Amid inflation and market volatility, just 12% of adults — and 29% of millionaires — feel ‘wealthy’
These days, only 12% of Americans consider themselves wealthy, including just 29% of millionaires.
Manhattan renters face sticker shock with average rent at $5,200
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Wealthy Chinese keep on spending while others cut back, survey finds
More than a quarter of people with an annual household income above $49,286, said they increased spending this year, a McKinsey survey found.