Stocks making the biggest moves midday: Corning, Qualcomm, Wendy’s, Trade Desk & more
Here are the stocks making headlines in midday trading.
Microsoft CEO Satya Nadella takes stand in Musk v. Altman trial
Elon Musk named Microsoft as a defendant in his lawsuit against OpenAI
Trump says Iran ceasefire is ‘on life support’ after rejecting Tehran’s counter proposal
The testy U.S.-Iran ceasefire began in mid-April after Trump threatened to destroy Iran’s “whole civilization” if no deal was struck.
JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount
The KKR fund, often referred to by its ticker, FSK, has become one of the most visible fault lines in the private credit story.
Trump invites Elon Musk, Tim Cook, Larry Fink and other CEOs to join China trip for Xi summit
Trump invited Tesla’s Elon Musk, Apple’s Tim Cook and Blackrock’s Larry Fink to join his China trip for talks with Xi Jinping on trade, AI and geopolitics.
Michael Burry is not a believer: ‘For any stocks going parabolic reduce positions almost entirely’
Michael Burry said investors should “reject greed” as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher.
Hassett says AI isn’t costing anybody their job right now — but tech layoffs keep coming
Tech companies have continued to announce layoffs tied to AI, including recent cuts from Amazon, Meta and Oracle.
Cole Allen pleads not guilty to trying to assassinate Trump
Allen is accused of trying to kill Trump, transporting firearms interstate, discharging a firearm during an act of violence and assaulting law enforcement.
April home sales disappoint as higher mortgage rates weigh on buyers
Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.
Cerebras bumps up IPO range as it looks to raise up to $4.8 billion
Elon Musk was open to having OpenAI merge with Cerebras. Now Cerebras is looking at going public as soon as this week.