These are the stocks posting the largest moves in midday trading.
We’re adding to an emerging cloud stock on recent weakness that won’t last long
If the Fed is leaning more towards pausing than putting on one more rate hike, we think it’s worth putting on another small buy into this oversold market.
GM’s stock hits three-year low amid UAW strike, potential air bag recall
The last time shares of GM dropped below $30 a share during intraday trading was on Oct. 1, 2020, according to FactSet.
Bonds are selling off as stocks tumble. Here’s what it means for 60/40 portfolios
Portfolios that are split 60% toward equities and 40% toward fixed income were routed this week as price declines hit both asset classes.
Fed’s Daly: Rise in bond yields may mean Fed can stay on hold
Why borrowing costs for nearly everything are surging, and what it means for you
Violent moves in bonds have hammered investors and renewed fears of an impending recession, as well as concerns about housing, banks and the U.S. deficit.
German structural reforms ‘are a must,’ IMF chief insists
The auto industry should be a focus for reform in Germany if the country wants to increase productivity, according to IMF chief Georgieva.
Kaiser Permanente workers strike for second day in dispute over health-care staffing
The union coalition has described the work stoppage at Kaiser as the largest health-care worker strike in U.S. history.
Higher rates are killing the clean energy stocks—BofA says these are worth buying
Bank of America is eyeing these renewable stocks to ride out turmoil in the sector.
Lucid’s shares fall after company launches a cheaper version of the Air EV to boost demand
Lucid announced a new version of the Air luxury sedan that starts below $80,000, in a bid to boost sluggish demand for the well-regarded, but costly EV.
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