Stocks making the biggest moves midday: Tesla, Netflix, American Airlines, AT&T and more
These are the stocks posting the largest moves in midday trading.
Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Powell hinted the labor market and economic growth may need to slow to ultimately achieve the Fed’s goal.
Read the secret encrypted text messages that could help put Sam Bankman-Fried behind bars
Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.
Tesla shares plummet 9% after Elon Musk sounds cautionary note, downplays Cybertruck
Shares of Tesla fell Thursday after the electric automaker released third-quarter results that missed on top and bottom lines.
Europe gives Meta, TikTok six days to share information on response to Israel-Hamas conflict
The EU said it would like Meta and TikTok to hand over information on how they’re tackling misinformation about the Israel-Hamas war.
America’s first major offshore wind farm installs first of 62 huge turbines from GE unit
Vineyard Wind 1 is using 13 megawatt versions of GE Vernova’s huge Haliade-X turbines.
Big banks are quietly cutting thousands of employees, and more layoffs are coming
Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.
As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal
Global fintech giant Airwallex said it has acquired MexPago, a rival payments company based out of Mexico, for an undisclosed sum.
U.S. weekly jobless claims total 198,000, fewer than expected
Initial jobless claims for the week ended Oct. 14 were expected to total 210,000, according to a Dow Jones consensus estimate.
American journalist detained and charged in Russia
Alsu Kurmasheva’s detention follows the arrest of Wall Street Journal reporter Evan Gershkovich, who is still awaiting trial on espionage charges.
