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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] Check out the companies making the biggest moves midday:Hertz — Shares of the rental car company jumped 1.9% after the company announced a partnership with BP's electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge
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[ad_1] Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022.Justin Tallis | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors
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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] A worker at a Lennar home under construction.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said
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[ad_1] Take a look at some of the biggest movers in the premarket:AutoZone (AZO) – AutoZone gained 3.9% in premarket action after the auto parts retailer reported better-than-expected profit and revenue for its latest quarter. AutoZone's same-store sales rose 6.2% compared to a year ago, twice what analysts had predicted
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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] Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCCheck out the companies making headlines before the bell Monday.Carvana — Shares of the online car seller rose more than 7% in the premarket after Piper Sandler upgraded Carvana to overweight from neutral. The firm said Carvana could double from current levels, noting that
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[ad_1] Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California.Patrick T. Fallon | AFP | Getty ImagesCoinbase is footing the bill for a lawsuit filed against the Treasury Department Thursday by users of the recently sanctioned crypto service,
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[ad_1] Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesFTX rode the crypto craze to a billion dollars in
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