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[ad_1] An employee arranges Apple iPhones as customer shop at an Apple store.Mike Segar | ReutersCheck out the companies making headlines in midday trading.Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and
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[ad_1] A Biogen facility in Cambridge, Massachusetts.Brian Snyder | ReutersCheck 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
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[ad_1] Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE - Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City.Craig Barritt | Getty ImagesSam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new
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[ad_1] The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level.In its quest to bring down inflation running near its highest levels since the early 1980s, the central bank took its federal funds
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[ad_1] Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC.Kent Nishimura | Los Angeles Times | Getty ImagesThere's not a lot of mystery surrounding Wednesday's Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive
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[ad_1] FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry's recent carnage and said he still has cash to spend if opportunity knocks.It may seem strange. Other multi-billion-dollar crypto giants spiraled into bankruptcy this year. FTX's main competitor, Coinbase, has seen its shares plunge 70% and has
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[ad_1] Adobe Systems world headquarters in downtown San Jose, Calif.Lisa Werner | Moment Mobile | Getty ImagesCheck out the companies making headlines in midday trading.Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and said its stock could rally more than 30% as
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[ad_1] Wind turbines at the San Gorgonio Pass wind farm, owned by NextEra Energy Inc., in Whitewater, California, on Wednesday, Feb. 17, 2021.Bing Guan | Bloomberg | Getty ImagesCheck out the companies making headlines after hours.NextEra Energy — Shares fell 3% in extended trading after the company announced its intent
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[ad_1] Christopher Waller, U.S. President Donald Trump's nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020.Andrew Harrer | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying
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[ad_1] Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm.In his latest comments underlining his commitment to the inflation fight, Powell said expectations play an
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