Stocks making the biggest moves midday: Foot Locker, General Motors, Phillips 66 and more
These are the stocks posting the largest moves in midday trading.
Sen. Marco Rubio: TikTok should be demonetized unless China hands over algorithm
Florida Republican Sen. Marco Rubio said the Chinese government can manipulate TikTok’s algorithms and threaten U.S. national security.
Nvidia CEO: U.S. chipmakers at least a decade away from China supply chain independence
Nvidia CEO Jensen Huang thinks the U.S. is still at least a decade away from China chip supply chain independence, adding that it was “absolutely” needed.
Americans are ‘doom spending’ — here’s why that’s a problem
As financial fears mount, some Americans are “doom spending,” or spending money despite their economic and geopolitical concerns, as a way to cope with stress.
COP28 host UAE lashes out at ‘fake news’ on eve of the major UN climate summit
The UAE on Wednesday hit back at what it described as “fake news” designed to undermine its work as the host of the COP28 climate conference.
Elliott takes $1 billion stake in Phillips 66, seeks two board seats
Elliott’s push for board seats comes as Phillips has underperformed its competitors Marathon Petroleum and Valero with a higher operating expense per barrel.
OPEC+ oil producers head into meeting with quota unease and geopolitical risks casting a shadow
OPEC+ oil allies meet Thursday to decide policy over meetings overshadowed by internal strife, the imminent expiry of a Saudi supply cut and petropolitics.
Paris metro ticket prices set to almost double during 2024 Olympics
Tourists are set to pay almost twice the usual price of Paris Metro tickets during the 2024 Olympics that will take place in the French capital next year.
Watch CNBC’s full interview with Bridgewater Associates’ Ray Dalio
Bridgewater founder Ray Dalio, says what the U.S. needs is a “strong middle” and to bring together smart moderates to be able to make important reforms.
Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
Central banks having hiked interest rates at breakneck speed and those rates are set to stay higher for longer while the lagged effects set in.
