Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more

Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% 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 offer by $2 a share and increased the reverse break-up fee. Robinhood — Robinhood rose more than 3% after Goldman Sachs upgraded the stock trading company’s shares to neutral from sell. That upgrade came despite the release of a…

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Women in states that ban abortion will still be able to get abortion pills online from overseas

Pills of Misoprostol, used to terminate early pregnancies, are displayed in a pharmacy in Provo, Utah, U.S. May 12, 2022.  George Frey | Reuters Women in states that ban abortion will still be able to end unwanted pregnancies with prescription abortion pills ordered online from overseas, though the legal situation is murky and carries potential risks. The Supreme Court on Friday overturned the landmark 1973 Roe v. Wade ruling that protected abortion as a constitutional right across the U.S. — allowing states to impose partial or full bans on the…

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Some tech leaders are turning layoffs, hiring freezes into opportunity

A man walks past a “We’re Hiring” sign posted in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images Recent headlines are filled with news of tech sector layoffs, hiring freezes and job offers being pulled in the midst of economic uncertainty. But according to members of the CNBC Technology Executive Council, hiring won’t slow down and it’s not getting easier to find the talent these companies need. Nearly 32% of tech leaders who responded to a recent survey said that it’s gotten harder to find…

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There’s a growing interest in direct indexing as the investing trend becomes ‘democratized’

As demand grows for specialized portfolios, a trend known as direct indexing is quickly becoming an option for more investors.   Rather than owning a mutual or exchange-traded fund, direct indexing is buying the stocks of an index to achieve goals like tax efficiency, diversification or values-based investing.  Traditionally used by institutional and high-net worth investors, direct indexing is poised to grow more than 12% per year, faster than estimates for mutual funds and ETFs, according to Cerulli Associates.  More from Personal Finance:Social Security isn’t bankrupt: What we know about future…

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Trump SPAC deal threatened by federal criminal probe

Former U.S. President Donald Trump applauses during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022.  Shannon Stapleton | Reuters A federal criminal investigation is threatening the proposed merger between former President Donald Trump’s social media enterprise and a special purpose acquisition company. That company, Digital World Acquisition Corp., revealed in a securities filing Monday that it became aware on June 16 that each member of its board of directors received subpoenas from a federal grand jury in New York. The grand jury wants similar…

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UiPath to cut 5% of its workforce as part of restructuring plan

UiPath IPO at the New York Stock Exchange. Source: NYSE UiPath will reduce roughly 5% of its total workforce as part of a restructuring plan, according to a new SEC filing. The company, a provider of software for automating office tasks, said that it had 4,200 employees as of April 30, 2022. Most of the layoffs are expected to occur by the end of July. UiPath’s board approved the decision to reduce headcount, citing the need to increase profits by restructuring its market organization, the filing said. The company estimates…

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