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Stocks making the biggest moves midday: Oil stocks, Ford, Crocs and more
Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped 1% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles in […]
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Mayor tells civilians to flee as Russian forces approach; Ukraine warns it will need ‘colossal funds’ to rebuild
‘We have no alternative’ but to fight, Zelenskyy says “We have no alternative. It is about our independence, about our future, about the fate of the entire Ukrainian people,” said Ukrainian President Volodymyr Zelenskyy (pictured here on June 16). Ludovic Marin | Reuters Ukrainian President Volodymyr Zelenskyy has said that his forces have no option […]
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Stock futures are flat after another losing week on Wall Street
Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come […]
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Russian forces turn firepower on Donetsk after capturing Luhansk; Zelenskyy vows Ukraine will win back its land
Russia’s ‘grinding and attritional’ tactics in the Donbas unlikely to change, UK says Britain’s Ministry of Defense has said that Russian forces, having seized the Luhansk province in the Donbas after weeks of intense shelling, are likely to employ the same tactics to seize Donetsk Scott Olson | Getty Images Britain’s Ministry of Defense has […]
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FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it the option to buy crypto lending company BlockFi. The agreement gives FTX the ability to buy BlockFi at a maximum price […]
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Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022. Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance […]
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Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and more
Check out the companies making headlines in midday trading. Micron Technology – Shares of the chipmaker fell about 6% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will hurt smartphone sales. The warning pulled down other chip stocks, which were among the top decliners in the S&P 500. Western Digital and On […]
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Russia says iron curtain is ‘already descending’; Biden pledges to stick with Ukraine for ‘as long as it takes’
Russian trial for American basketball player Brittney Griner begins American basketball player Brittney Griner (pictured here at the Tokyo 2020 Olympic Games) was accused by Russian authorities of having cannabis oil in her luggage and smuggling the narcotic material, a crime that could draw a 10-year jail sentence. Jean Catuffe | Getty Images American basketball […]
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FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale
FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC. The term sheet is almost over the finish line and expected to be signed by the end of the week, according to one source, who asked not to be named because the deal discussions were confidential. FTX will […]
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Supreme Court says EPA does not have authority to set climate standards for power plants
A view of the backside of the U.S. Supreme Court on June 6, 2022 in Washington, DC. According to media reports, Drew Angerer | Getty Images The Supreme Court on Thursday ruled the EPA does not have authority to set standards on climate-changing greenhouse gas emissions for existing power plants. The 6-3 ruling said that […]
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