Stocks making the biggest moves midday: Apple, Netflix, Biogen, Canopy Growth and more

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making headlines in midday trading. Apple — Apple shares fell 3.4% on Wednesday following a report that the company is ditching plans to boost new iPhone production. Instead of aiming to increase output by 6 million units in the second half … Read more

A game about sheep is going viral in China even as gaming regulation remains tight

A young Beijing company’s game called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that’s gone viral in China hit people’s screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval to launch games. That’s because … Read more

Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more

Check out the companies making the biggest moves midday: Hertz — Shares of the rental car company jumped 4.42% after the company announced a partnership with BP’s electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz’s growing fleet of electric … Read more

Stocks making the biggest moves premarket: Keurig Dr Pepper, CSX, Li Auto and more

Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig’s margins as commodity inflation, especially related to coffee, remains elevated. Lucid Group — … Read more

Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more

An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check out the companies making headlines in midday trading. Las Vegas Sands, Wynn Resorts — Shares of the casino operators … Read more

Stocks making the biggest moves premarket: Planet Fitness, PG&E, Las Vegas Sands and more

Check out the companies making headlines before the bell: Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very … Read more

Singapore’s Temasek leads a $40 million funding round in a Chinese startup

In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassbender | Afp | Getty Images BEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in a Chinese startup despite a … Read more

From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets

Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could result in much higher interest rates and a recession. The sell-off Friday was global, in a week where the Fed boosted rates by another three-quarters of a point and other central … Read more

Stocks making the biggest moves midday: FedEx, Boeing, Ally, Domino’s and more

Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down 5% after it reached a $200 million settlement on charges of misleading investors following two of … Read more

Stocks making the biggest moves premarket: FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit … Read more