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Stocks making the biggest moves midday: Boeing, PepsiCo, Electronic Arts and more

Boeing employees walk by a new Boeing 737-900 at Boeing Field in Seattle Thursday, July 15, 2004.Barry Sweet | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Boeing — Shares of Boeing fell more than 3%. The plane maker cut production of its 787 Dreamliners after a new

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Fed’s Mary Daly says tapering of bond purchases may start this year

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019.Ann Saphir | ReutersSan Francisco Federal Reserve President Mary Daly told CNBC on Tuesday that a strong economic recovery will allow the central bank to slow its asset purchases,

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U.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry, sources say

The U.S. Securities and Exchange Commission in Washington, D.C.Adam Jeffery | CNBCThe U.S. securities regulator has ramped-up its inquiry on Wall Street's blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct

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Finance Ministry puts on hold examination for clerical cadre in PSU banks

The Finance Ministry on Tuesday directed the Institute of Banking Personnel Selection (IBPS) to put on hold examination for clerical cadre in public sector banks (PSBs) till a final view is taken on conducting tests in regional languages. In order to look into the demand for holding examination for

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Many 401(k) investors don’t use target-date funds the right way

10'000 Hours | DigitalVision | Getty ImagesTarget-date funds have ballooned in popularity over the past 15 years — yet many investors aren't using them the way they were intended.The funds were designed as a one-stop shop that put retirement savings on autopilot. Investors are meant to park their nest

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Goldman’s earnings blow past estimates as investment banking revenue boosted by strong IPO market

Goldman Sachs on Tuesday reported second-quarter earnings that blew past Wall Street expectations, propelled by strong performance in investment banking amid a robust IPO market.Here are the numbers:Earnings: $15.02 per share vs. $10.24 expected by analysts polled by Refinitiv. A year ago, Goldman recorded an EPS of $6.26 (53 cents

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Mastercard and Verizon announce new partnership for 5G contactless payments

Mastercard and Verizon announced Tuesday a new partnership focused on 5G contactless payments for consumers as well as small- and medium-sized businesses.They hope to have some innovations from the partnership by 2023.The collaboration aims to enable businesses to use emerging payment technologies to turn smartphones in to cash registers,

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Stocks making the biggest moves premarket: PepsiCo, JPMorgan, Boeing and others

Check out the companies making headlines before the bell:PepsiCo (PEP) – The snack and beverage giant gained 1.3% in premarket trading, after beating estimates on the top and bottom lines and raising its full-year forecast. PepsiCo earned an adjusted $1.72 per share for the quarter, 19 cents above estimates,

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JPMorgan tops estimates after posting $2.3 billion benefit on better-than-expected loan losses

JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris.Michel Euler | AFP | Getty ImagesJPMorgan Chase reported second-quarter profit and revenue that exceeded analysts' expectations as the firm released money set aside

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MPOWER Financing raises $100 million funding from Tilden Park Capital Management, others

MPOWER Financing, which provides education loans, on Tuesday said it has raised an equity investment of USD 100 million (about Rs 744.8 crore) from Tilden Park Capital Management, King Street Capital Management and others. The new funding is in addition to the USD 30 million raised by the company earlier

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