These are the stocks posting the largest moves in midday trading.
Schlagwort-Archiv: CNBC
Snap plunges more than 25% on third-quarter revenue miss
Snap reported disappointing revenue figures on Thursday, after the company put in place cost-cutting measures to boost profit.
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
Under the new provision in the Inflation Reduction Act, SPAC sponsors could face a 1% exercise tax if they return cash to investors starting 2023.
Europe’s $9 billion digital bank N26 launches crypto trading service amid bear market
An N26 executive said interest in cryptocurrencies „remains super high, even in a bear market.“
Stocks making the biggest moves premarket: AT&T, American Airlines, Blackstone and more
These are the stocks posting the largest moves before the bell.
What China’s big party congress this week means for the economy
The twice-a-decade Chinese leadership meeting this week has implications for which parts of the economy will receive support or pressure, Natixis analysts said.
Stocks making the biggest moves after hours: Tesla, IBM, Alcoa and more
These are the stocks posting the largest moves in extended trading.
Here’s what the Wells Fargo cross-selling scandal means for the bank’s growth
Wells Fargo’s reputation is in tatters following reports of mass-scale fraud. Regulators have fined the bank repeatedly and capped its growth.
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
Tesla’s net income (GAAP) for Q3 2022 reached $3.33 billion and automotive margins remained stable at 27.9%.
American Airlines expects fourth-quarter profit thanks to strong travel demand
American’s revenue rose to a record $13.46 billion in the three months ended Sept. 30, up 13% from 2019 despite flying nearly 10% less.