Finance
Crypto relationship scams pose ‘catastrophic harm,’ SEC official says. Here’s how to avoid them
Key Points Crypto relationship scams have become a common type of investment fraud tied to cryptocurrency like bitcoin and ethereum. Criminals use social media, networking and other sites like Instagram, WhatsApp and LinkedIn to build trust and entice people to buy fake crypto investments, federal officials said. Source
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Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
Check out the companies making headlines in midday trading: Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing […]
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Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
Check out the companies making headlines before the bell. Apple — Shares declined 1.4% after Jefferies downgraded the megacap tech company to hold from buy, saying near-term expectations for the iPhone 16 and 17 are too high after weaker-than-expected initial demand. Apple’s AI capabilities leading to an accelerated smartphone replacement cycle is a “premature” catalyst, […]
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Tensions rise between banks and tech companies over online fraud liability in the UK
Key Points Starting from Oct. 7, banks will be required to start compensating victims of online fraud a maximum £85,000 in the U.K. On Thursday, London-based digital bank Revolut accused Meta of falling “woefully short of what’s required to tackle fraud globally” when it comes to tackling fraud. Tensions have been running high between banks […]
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Fed rate cuts should favor preferred stocks, Virtus money manager says
ETF Edge Fed rate cuts should favor preferred stocks, Virtus money manager says Published Sat, Oct 5 202411:00 AM EDT Krysta Escobar WATCH LIVE Source
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Stocks making the biggest moves midday: Rivian, Abercrombie & Fitch, CVS, Spirit Airlines and more
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent […]
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Stocks making the biggest moves premarket: Spirit Airlines, Summit Therapeutics, Rivian and more
Check out the companies making headlines before the bell. Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Summit […]
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Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more
Check out the companies making headlines in midday trading. EVgo — Shares soared nearly 61% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst Bill Peterson pointed to EVgo’s utilization rate compared to peers as well as its owner-operator […]
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Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
Key Points A day after Meta announced a partnership with U.K. banks NatWest and Metro Bank on a data-sharing framework to help them prevent customers from falling prey to fraud schemes, Revolut said that the tech company was not doing enough. The fintech firm said that Meta and other social media platforms should do their […]
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Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more
Check out the companies making headlines before the bell. Wolfspeed – The semiconductor stock fell nearly 5% following a downgrade to underperform from neutral at Mizuho. The firm sees pricing for silicon carbide – a semiconductor material used in electric vehicles – being down about 10% to 20% year-over-year in 2025. Mizuho also cited lower […]
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