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Check out the companies making headlines in midday trading.Nike — Shares of Nike fell 7% even after the company topped Wall Street's earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher revenue for its fiscal first-quarter versus the prior year, and low
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Take a look at some of the biggest movers in the premarket:Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts' estimates amid increased promotional activity and ongoing disruptions in its profitable
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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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Check out the companies making headlines before the bell:Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday's closing prices, while
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Check out the companies making headlines before the bell:Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%.MicroStrategy (MSTR) – MicroStrategy lost 2.2%
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Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake
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Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021.Brendan McDermid | ReutersRobinhood is handing over the keys to some of its customers' crypto.The trading and
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Traders work on the floor of the New York Stock Exchange. NYSECheck out the companies making headlines in midday trading.Twitter — Shares of the social media platform slid 9.7% after Elon Musk said his take-private deal is on hold until he receives more information about how many fake accounts there are on
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Check out the companies making headlines before the bell:Twitter (TWTR) – Twitter tumbled 14.6% in premarket trading after Elon Musk tweeted that his deal to buy the company was "temporarily" on hold, as he awaits details on the number of fake and spam accounts on the platform.Affirm Holdings (AFRM)
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Terry Angelos, Visa's global head of fintech and crypto.DriveWealthOne of Visa's top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned.Terry Angelos, Visa's global head of fintech and crypto, will take over as chief executive officer of start-up DriveWealth next week. Angelos joined Visa
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