Stocks making the biggest moves in the premarket: Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier…

China signals no big stimulus is coming, while Covid controls remain

A worker in a protective suit cleans the floor at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022.  Aly Song | Reuters BEIJING — China’s top leaders signaled Thursday that no big stimulus for economic growth was on the way, and…

Stocks making the biggest moves midday: Bausch Health, Meta, Comcast, Qualcomm and more

In this article CMCSA In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped…

Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more

In this article ROKU AMZN AAPL People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of…

Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more

Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing largely to a $3.9 billion negative impact from its investment in electric vehicle maker Rivian…

Biden-Xi make plans to meet in person, U.S. official says — and China’s leader has strong words on Taiwan

U.S. President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping ended a call Thursday with plans to arrange a face-to-face meeting for the…

Despite concerns, ESG strategies may become a crowded trade for impact investors – so Vanguard is taking a different track

It’s a fund looking to make money from green investing. The inclusive, actively managed Vanguard Baillie Gifford Global Positive Impact Stock Fund (VBPIX) is an environmental, social and governance product that bundles companies with positive, inclusive and sustainable intentions.  “It’s really a fund that’s going to be investing in global equities looking to deliver long-term…

JPMorgan hires scientist Charles Lim to help protect financial system from quantum supremacy threat

In this article JPM Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum computing expert to be the bank’s global head for quantum communications and cryptography, according to a memo obtained by CNBC. Charles Lim, an assistant professor at the…

Self-driving start-up Pony.ai plans to mass produce robotrucks in China

Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. Pony.ai BEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Annual production is set to reach about 10,000…

Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession

Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the U.S. is currently in a recession and the reason is there are too many areas of the economy that are performing too…

Credit Suisse chairman denies plans to sell or raise capital after mammoth loss

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss. The bank posted a net loss of 1.593…

Stock futures rise ahead of key Fed decision

Stock futures climbed early on Wednesday morning as traders await the Federal Reserve’s latest interest rate decision, scheduled to be announced Wednesday afternoon. Futures on the Dow Jones Industrial Average rose by 105 points, or 0.33%. S&P 500 futures gained 0.75% and Nasdaq 100 futures increased 1.35%. Shares of Enphase Energy gained about 6% after…