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Stocks making the biggest moves midday: General Electric, Rivian, Illumina and more

Offices of Illumina, in San Diego, California.Mike Blake | ReutersCheck out the companies making headlines in midday trading.Illumina – Illumina shares surged 12.7% a day after the biotechnology company issued a 2022 revenue outlook that topped consensus expectations. The company also highlighted strong demand for its gene-sequencing treatments as

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Fintech start-up MX names new CEO as firm prepares for sale or IPO

Shane Evans, interim CEO of fintech platform MX.Courtesy: MXFintech start-up MX has named Shane Evans its interim CEO as the company prepares for an initial public offering or possible sale, CNBC has learned.Evans, who joined the Utah-based start-up in 2019 as chief revenue officer, is succeeding founder Ryan Caldwell,

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Watch Fed Chair Jerome Powell testify live at his Senate confirmation hearing

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking Committee as part of his confirmation process to head the central bank for a

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Worried a Covid test you buy online might be fake? Here are 3 ways to protect yourself

Hache | E+ | Getty ImagesNew Covid cases are rising fast and at-home rapid tests are in high demand.But consumers scrambling to buy tests online — especially as brick-and-mortar retailers sell out or limit supply — may get duped into buying a fake or unauthorized test kit.Demand for test

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Federal Bank to divest its stake in Fedfina

Private sector lender has decided to divest stake in wholly-owned subsidiary Fedbank Financial Services (Fedfina). The board of Fedfina, a non-deposit taking and systemically important non-banking finance company, has on Monday given its nod for the plans to float an initial public offering (IPO) by way of fresh

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Stocks making the biggest moves in the premarket: Illumina, Rivian, Juniper Networks and more

Take a look at some of the biggest movers in the premarket:Illumina (ILMN) – Illumina issued a 2022 revenue outlook that exceeded consensus analysts' estimates, noting strong demand for its gene sequencing treatments as well as new partnerships with four health care companies. Illumina jumped 4.1% in the premarket.Rivian

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NBFC Shrinithi Capital ties up with IndoStar Capital Finance for Rs 300 crores co-lending arrangement

NBFC Shrinithi Capital which primarily focuses on commercial vehicle and two-wheeler loans on Tuesday announced that it has raised Rs 300 crore as co lending facility from Ltd. IndoStar Capital Finance is a 10,000 crore net worth company owned by Everstone Capital and Brookfield investment, Canada. The agreement between

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SBI invites applications for head of digital banking; eligible candidates can apply by January 28

The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28. The position, to be filled on a contractual basis, invites applications under the bank's recruitment for a specialist cadre officer,

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Nabard tries out fintech alliance to support SHGs

The National Bank for Agriculture and Rural Development (Nabard) has forged a partnership with firm Arthimpact Digital Loans (ARTH) for providing end-to-end fintech solution including skilling, micro financial services and forward linkage support to self-help group members. While Nabard has been in the forefront of SHG movement, ARTH provides

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