These are the stocks posting the largest moves in midday trading.
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Opendoor thrives in home-flipping market Zillow just exited as earnings beat estimates
Opendoor shares surged in after-market trading on Wednesday as third-quarter results exceeded analysts‘ estimates.
Affirm shares soar after company announces expanded deal with Amazon, fiscal Q1 revenues beat estimates
Affirm shares soared in after-hours trading Wednesday, after the company announced it would expand its Amazon deal and that it beat on fiscal Q1 revenue.
Disney earnings miss across the board with slowing streaming growth
Disney reported earnings after the bell. Here are the results.
Beyond Meat shares crater as losses mount, company expects weak U.S. sales growth ahead
Beyond Meat reported a wider-than-expected loss for its fourth quarter and revenue that fell short of analysts‘ estimates.
Iraq oil minister says OPEC+ expected to keep output policy unchanged in December meeting
That fits with market expectations for the most part
I don’t think OPEC+ is rushing to make any changes to its output policy and they will have another look at things next year as they reassess the global outlook.
I don’t think OPEC+ is rushing to make any changes to its output policy and they will have another look at things next year as they reassess the global outlook.
USD/CAD runs up to five-week highs as dollar extends advance against commodity currencies
USD/CAD moves up to 1.2570, its highest since 7 October, and threatens a break of its 100-day moving average
Commodity currencies are bearing the brunt of the drop in the FX space today, being punished with the dollar pushing higher; even though the greenback’s advance against the euro and pound has been trimmed in the past
Commodity currencies are bearing the brunt of the drop in the FX space today, being punished with the dollar pushing higher; even though the greenback’s advance against the euro and pound has been trimmed in the past
European Commission raises 2021 euro area growth forecast in autumn projections
The EU releases its latest projections on the euro area economy
On the economic outlook, the Commission noted that the new headwinds are mounting as supply-side challenges continue to persist and surging energy prices look set to weigh on consumption and investment.
On the economic outlook, the Commission noted that the new headwinds are mounting as supply-side challenges continue to persist and surging energy prices look set to weigh on consumption and investment.
Gold buyers stick with the technical breakout so far today
Gold up 0.7% to $1,862 on the day
Amid the reaction to the US CPI data yesterday, gold managed a big technical breakout to its highest levels since mid-June as real yields tumbled to fresh record lows. And so far today, gold buyers are building on that as price pushes higher in European trading.
Amid the reaction to the US CPI data yesterday, gold managed a big technical breakout to its highest levels since mid-June as real yields tumbled to fresh record lows. And so far today, gold buyers are building on that as price pushes higher in European trading.
ECB economic bulletin: Inflation lasting longer than originally expected but to decline next year
ECB remarks in its latest economic bulletin
First, energy prices – especially for oil, gas and electricity – have risen sharply. In September, energy inflation accounted for about half of overall inflation. Second, prices are also going up because recovering demand related to the reopening of the economy is outpacing supply. These dynamics are especially visible
First, energy prices – especially for oil, gas and electricity – have risen sharply. In September, energy inflation accounted for about half of overall inflation. Second, prices are also going up because recovering demand related to the reopening of the economy is outpacing supply. These dynamics are especially visible