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Stocks making the biggest moves midday: Texas Instruments, Grindr, Twilio and more
Check out the companies making headlines in midday trading. Verizon Communications — The telecom giant saw shares climbing 1.3% after the firm posted its strongest quarterly wireless subscriber growth in five years, boosted by solid demand for its customizable offerings like myPlan. Verizon reported earnings of $1.1 per share last quarter, matching an average estimate […]
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UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing
UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023. Patrick T. Fallon | Afp | Getty Images UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. Noel […]
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Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Key Points Fed Governor Christopher Waller told CNBC on Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. “As long as the data comes in good on inflation or continues on that path, then I can certainly see rate cuts happening sooner than maybe […]
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Core inflation rate slows to 3.2% in December, less than expected
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing. The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. […]
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Citigroup shares rise as fourth-quarter earnings top estimates
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup reported its fourth-quarter earnings Wednesday morning ahead of Wall Street’s opening bell. Here is how the company did relative to LSEG analyst consensus estimates: Earnings: $1.34 a share, […]
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Budget deficit rose in December and is now 40% higher than it was a year ago
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty Images The federal budget sank further into red ink during December, leaving the first fiscal […]
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Inflation watch: Wholesale prices rose 0.2% in December, less than expected
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year. The producer price index rose just 0.2% on the month, less than the […]
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UK antitrust regulator opens probe into Google’s search services
Anadolu | Anadolu | Getty Images LONDON — Britain’s competition watchdog on Tuesday said that it’s opening a formal antitrust investigation into Google’s search and search advertising services. The Competition and Markets Authority said that it’s looking to assess whether Google has “strategic market status” (SMS) under the new U.K. Digital Markets, Competition and Consumers […]
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Stocks making the biggest moves midday: Nvidia, quantum computing stocks, Moderna and more
Check out the companies making headlines in midday trading: Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum ETF lost 2.5%. Nvidia , chip stocks — Popular semiconductor […]
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Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers. That relief includes nearly 85,000 […]
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