Midday Movers: Yahoo Finance's business and market news and analysis

Bankrate
Biggest winners and losers from the Fed’s interest rate hike
As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.
9h ago
Investor's Business Daily
Dow Jones Falls 530 Points As Banks Lead Fed Sell-Off; Apple, 5 Titans Mask Market Weakness
The major indexes fell sharply despite the Fed signaling just one more rate hike. Apple and other titans have masked weak market breadth in recent weeks.
37m ago
Fox Business
Fed rate hikes will trigger a downturn of greater 'speed and magnitude' than the Great Recession: Economist
The market's bubble has now "burst," and will impact "everything everywhere all at once" in the U.S. economy, economists Stephanie Pomboy and Art Laffer argue.
13h ago
TipRanks
‘Load Up,’ Says Raymond James About These 3 ‘Strong Buy’ Stocks
The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out
17h ago
Yahoo Finance
Ford F-150 Lightning recall reveals cause of battery fire
The National Highway Traffic Safety Administration has revealed the root cause of the battery fires that halted Ford F-150 Lightning production.
9h ago
Reuters
First Republic shares fall as Yellen says not considering 'blanket insurance' on bank deposits
A "bull case" scenario for the shares of beleaguered First Republic Bank as it considers its options became more difficult on Wednesday after Treasury Secretary Janet Yellen said there is no discussion on insurance for all bank deposits without approval from the U.S. Congress. First Republic, whose shares have lost much of their value since the banking crisis started in the U.S. on March 8, is among banks speaking to peers and investment firms about potential deals in the wake of U.S. regulators' taking over Silicon Valley Bank and Signature Bank following bank runs. Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario.
10h ago
TheStreet.com
'Big Short' Michael Burry Sounds the Alarm on U.S. Banks
The legendary investor published a chart which quantifies the uninsured clients and unrealized capital losses for major regional banks.
9h ago
Fox Business
Elon Musk says what he thinks the Fed should do with interest rates
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
1d ago
Barrons.com
GE Is Splitting in Two. Here’s What the Parts Are Worth.
Wolfe Research analyst Nigel Coe took a look at what GE Aerospace and GE Vernova will be worth on a stand-alone basis. GE Vernova, GE's power generation businesses, are due to be spun out in early 2024.
7h ago
TheStreet.com
Delta Move Is Bad News For Southwest, United Airlines Passengers
Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.
1d ago
MoneyWise
Employees are checked out at work more than at any time in history — and it makes no difference if they work from home or not. Here's why
Work at home? Work at the office? It makes no difference, according to a Gallup poll.
14h ago
Yahoo Finance
Federal Reserve raises interest rates 0.25% to highest since 2007 amid bank crisis
The Federal Reserve raised interest rates by another 0.25% on Wednesday as the central bank works to bring down elevated inflation while also grappling with the fallout from a global banking crisis and resulting market shocks.
9h ago
Zacks
Should You Chase the Semiconductor Stocks in 2023?
The semiconductor stocks are outperforming the S&P 500 this year. Is it too late to get in?
9h ago
Yahoo Finance
Stock market news today: Stocks smoked after Federal Reserve raises rates by 0.25%
U.S. stocks moved higher Wednesday after the Federal Reserve raised interest rates by quarter percentage point amid a fast-moving banking crisis.
7h ago
Barrons.com
Harley-Davidson Got Crushed as Bank Stocks Slid. Now It’s ‘Too Inexpensive.’
The stock was trading at 7.9 times its fiscal 2023 earnings on Tuesday versus its historical five-year average of 10.7, data on FactSet shows.
1d ago
Zacks
Is It Worth Investing in NIO Inc. (NIO) Based on Wall Street's Bullish Views?
Based on the average brokerage recommendation (ABR), NIO Inc. (NIO) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
13h ago
Reuters
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
1d ago
CoinDesk
ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million.
1d ago
MoneyWise
I'm 49 years old and have nothing saved for retirement — what can I do? Don't panic. Here are 3 easy ways to catch up (and fast)
You're in a race against time and your dream retirement awaits at the finish line.
13h ago
Barrons.com
Nvidia Is Less Than $10 Billion Away From Passing Berkshire as Market’s 5th Largest Stock
Nvidia ‘s latest rally has the stock less than $10 billion away from passing Berkshire Hathaway to become the fifth largest by market capitalization. At that point Nvidia stock had fallen 62% from the start of 2022 through its low on Oct. 14, leaving it with a market cap of just $279.6 billion, as worries about the chip sector and valuation weighed on the shares. Berkshire, on the other hand, dropped 12% through its own low on Oct. 12, when it was valued at $588.5 billion.
9h ago

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Biggest winners and losers from the Fed’s interest rate hike

Dow Jones Falls 530 Points As Banks Lead Fed Sell-Off; Apple, 5 Titans Mask Market Weakness

Fed rate hikes will trigger a downturn of greater 'speed and magnitude' than the Great Recession: Economist

‘Load Up,’ Says Raymond James About These 3 ‘Strong Buy’ Stocks

Ford F-150 Lightning recall reveals cause of battery fire

First Republic shares fall as Yellen says not considering 'blanket insurance' on bank deposits

'Big Short' Michael Burry Sounds the Alarm on U.S. Banks

Elon Musk says what he thinks the Fed should do with interest rates

GE Is Splitting in Two. Here’s What the Parts Are Worth.

Delta Move Is Bad News For Southwest, United Airlines Passengers

Employees are checked out at work more than at any time in history — and it makes no difference if they work from home or not. Here's why

Federal Reserve raises interest rates 0.25% to highest since 2007 amid bank crisis

Should You Chase the Semiconductor Stocks in 2023?

Stock market news today: Stocks smoked after Federal Reserve raises rates by 0.25%

Harley-Davidson Got Crushed as Bank Stocks Slid. Now It’s ‘Too Inexpensive.’

Is It Worth Investing in NIO Inc. (NIO) Based on Wall Street's Bullish Views?

UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT

ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak

I'm 49 years old and have nothing saved for retirement — what can I do? Don't panic. Here are 3 easy ways to catch up (and fast)

Nvidia Is Less Than $10 Billion Away From Passing Berkshire as Market’s 5th Largest Stock