These are the stocks posting the largest moves midday.
Wells Fargo shares fall as bank’s profits cut in half by higher reserves, settlement costs
The disappointing earnings report came after Wells Fargo said earlier this week that it would retrench from the U.S. mortgage market.
Even as New York nurses return to work, more strikes could follow
Roughly 7,000 nurses returned to work at Mount Sinai Hospital and Montefiore Medical Center, two of New York’s busiest hospitals, after a three-day strike.
IRS holds off on new rules for gig workers
CNBC’s Robert Frank joins ‘Squawk Box’ to discuss the IRS decision to delay new restrictions on gig worker reporting, accountant tips for managing business payments, and delineating business payments from personal ones.
Despite falling inflation, nearly one-third of Americans will rely on tax refunds, survey finds. Here’s how to get your refund faster
Despite falling inflation, many Americans will rely on their tax refund to make ends meet, a survey finds. Here’s how to get your tax refund faster.
Bank of America tops expectations as higher rates help offset declines in investment banking
Expectations are running high that Bank of America will post gains in interest income thanks to higher rates and loan growth in the fourth quarter.
JPMorgan Chase is set to report fourth-quarter earnings — here’s what the Street expects
JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.
South Koreans are the world’s biggest spenders on luxury goods
Morgan Stanley says South Koreans spend more on luxury goods per capita than even American or Chinese nationals.
Why Singapore isn’t imposing new travel rules on visitors from China
Singapore’s government cites statistics to show why new rules for Chinese travelers won’t necessarily make Singapore safer from Covid-19 right now.
Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities
The SEC alleged on Thursday that crypto firm Gemini, founded by the Winklevoss twins, and Barry Silbert’s Genesis offered and sold unregistered securities.