Saturday, October 1, 2022
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Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more

[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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Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more

[ad_1] Check out the companies making headlines before the bell:Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening

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Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know

[ad_1] The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government's fiscal policy announcements.Bloomberg | Bloomberg | Getty ImagesLONDON – The Bank of England launched a historic intervention to stabilize

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Porsche shares rise in Frankfurt market debut

[ad_1] The Porsche IPO is set to be one of the largest in European history.Thomas Kienzle | AFP | Getty ImagesPorsche shares edged higher in their stock market debut Thursday, in what's being billed as one of the biggest public offerings in Europe ever.Shares of the iconic sports car brand

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Nasdaq says IPOs by Chinese firms could pick up ‘dramatically’ as delisting fears ease

[ad_1] The Nasdaq is expecting more Chinese companies to list on the U.S. exchange in the coming months as Beijing and Washington appear closer to resolving an audit dispute."We still have a pretty strong pipeline … as things are getting to become a little more clear in that market. We

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Two of Hong Kong’s largest IPOs for 2022 plunge in trading debut

[ad_1] A gong inside the Hong Kong Stock Exchange. China Vanke's subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday.Paul Yeung | Bloomberg | Getty ImagesTwo of Hong Kong's largest initial public offerings of the year dropped on their first day of

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‘Do not bet’: China’s central bank warns against yuan speculation

[ad_1] The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week.Getty ImagesBEIJING — The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week."Do not bet on a one-sided appreciation or deprecation of the renminbi

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Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

[ad_1] Ken Griffin, Citadel's founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes."We should continue on the path that we're on to ensure that we reanchor inflation expectations," Griffin said at CNBC's Delivering Alpha Investor

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