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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

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FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale

Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021.Stefani Reynolds | Bloomberg | Getty ImagesFTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC.The

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Powell vows to prevent inflation from taking hold in the U.S. for the long run

U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | ReutersFederal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term."The risk

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Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking.The Fed and its global counterparts have been in a

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New York Fed President John Williams says a U.S. recession is not his base case

New York Federal Reserve President John Williams said Tuesday he expects the U.S. economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation."A recession is not my base case right now," Williams told CNBC's Steve Liesman during a live "Squawk Box"

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Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more

Check out the companies making headlines in midday trading.Spirit Airlines — The budget airline's shares fell nearly 8% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its

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Stocks making the biggest moves midday: WeWork, Snowflake, United Airlines, Rite Aid and more

General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World's leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via Getty Images)VCG | Getty ImagesCheck out the companies making

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