These are the stocks posting the largest moves in early morning trading.
South Korea shares eye-opening Covid statistics to defend its new rules for travelers from China
South Korea hit back at claims its Covid rules for Chinese travelers are “discriminatory,” saying more than half of its imported cases are coming from China.
World Bank makes big cut to its 2023 growth outlook, says globe is ‘perilously close’ to recession
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.
Winter of ‘disconnect’: Morgan Stanley’s Mike Wilson braces for more than 20% stock drop
Morgan Stanley chief investment officer Mike Wilson warns investors are dangerously unprepared for a weak earnings season.
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market
It’s the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.
FTX’s venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show
FTX’s roster of big-name backers included Paul Tudor Jones and Robert Kraft as well as Tom Brady and Gisele Bündchen.
House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress
House Republicans on Monday night voted to slash funding for the IRS, following a pledge to repeal the nearly $80 billion approved by Congress last year.
Stocks making the biggest moves midday: Bed Bath & Beyond, Coinbase, Virgin Orbit and more
These are the stocks posting the largest moves midday.
Fed’s Bowman says there’s ‘a lot more work to do’ to bring down inflation
Bowman said Tuesday she expects more interest rate increases ahead, with higher rates to prevail for a while until inflation is subdued.
How Paul Tudor Jones is looking at the stock market this year and the chances for a comeback
The founder and chief investment officer of Tudor Investment said he believes the Fed will stop short of breaking the economy, engineering a soft landing.