Stocks making the biggest moves midday: Sunrun, U.S. Bancorp, Alphabet, AT&T and more

Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Check out the companies making the biggest moves midday: News Corp, Fox — News Corp rallied 5.4%, while Fox news gained more than 2%, after Rupert Murdoch called off plans to merge the two companies. AT&T — The telecommunications giant rallied 5.4% after reporting more wireless subscribers than expected for the fourth quarter. Boeing— The air carrier fell slightly after reporting a loss for the fourth…

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5 things to know before the stock market opens Wednesday

People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Here are the most important news items that investors need to start their trading day: 1. A lot more earnings to go Markets have kept their heads above water so far this month, even as economic data point to a potential recession and corporate earnings have been mixed, at best. On the latter point, more than 70 companies listed on the S&P 500…

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Rupert Murdoch calls off proposed Fox-News Corp merger

Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images Rupert Murdoch has withdrawn the proposal to re-combine Fox Corp and News Corp. On Tuesday, Fox said its board received a letter from its chairman, and his son, Lachlan Murdoch, that “determined that a combination is not optimal for the shareholders” of either of the companies at the time. This is…

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DOJ files second antitrust lawsuit against Google

Antitrust attorney Jonathan Kanter testifies before the Senate Judiciary Committee October 6, 2021 in Washington, DC. Win McNamee | Getty Images The U.S. Justice Department on Tuesday filed its second antitrust lawsuit against Google in just over two years. It’s the latest sign that the U.S. government is not backing down from cases against tech firms even in light of a mixed record in court on antitrust suits. This lawsuit, focused on Google’s online advertising business and seeks to make Google divest parts of the business, is the first against…

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Potential News Corp, Fox reunion faces opposition from large shareholder

Rupert Murdoch, Chief Executive Officer of News Corp. Getty Images Rupert Murdoch’s proposed plan to reunite News Corp and Fox is facing opposition from one of the largest shareholders in both companies, Independent Franchise Partners.  The London-based firm believes other alternatives, such as a breakup of News Corp, should also be explored. It also thinks a recombination wouldn’t realize the full value of the company, a spokesperson confirmed to CNBC on Wednesday, following an earlier report from The Wall Street Journal.  related investing news Hightower’s Stephanie Link buys shares of…

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New York Post website hacked, with racist and sexist headlines targeting politicians

Zoom In IconArrows pointing outwards The New York Post’s website and Twitter account were hacked Thursday, as racist and sexually explicit headlines about Rep. Alexandria Ocasio-Cortez and President Joe Biden were published. The posts were removed shortly thereafter on Thursday morning, and the News Corp-owned New York tabloid newspaper’s website was operating as usual. A New York Post spokesperson confirmed in an email to CNBC on Thursday that the website was hacked, and they are currently investigating the cause. The spokesman provided no further comment. This is a developing story.…

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News Corp. stock up, Fox shares down as investors weigh possible merger

A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Shares of News Corp. rose while Fox shares fell Monday as investors weighed the possibility of Rupert Murdoch’s media companies recombining nearly decade after they split. The companies had announced Friday that they were exploring a merger, with each News Corp. and Fox saying they formed special committees to explore the possibility. The deal would consolidate Murdoch’s leadership over Fox’s news, sports and business channels…

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Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more

Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday: Roblox — Roblox shares shot up 21% after the online gaming company reported metrics for September that showed stronger engagement than a year ago. Apple — The tech giant saw its shares rally more than 2% after Morgan Stanley reiterated the stock as overweight. The Wall Street firm said Apple would fare better than other technology companies in the event of an economic downswing, thanks to its loyal user base. Continental…

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Stocks making the biggest moves premarket: Continental Resources, Bank of America, Apple and others

Check out the companies making headlines before the bell: Continental Resources (CLR) –Chairman and founder Harold Hamm and his family will acquire the shares of the energy producer that they don’t already own for $74.28 per share. The deal is not contingent on any financing and is expected to close before the end of the year. Continental surged 8.6% in the premarket. Bank of America (BAC) – Bank of America jumped 3.1% in premarket trading after beating top and bottom line estimates in its third-quarter earnings report. Results were boosted…

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Rupert Murdoch explores putting Fox and News Corp back together, report says

President Donald Trump (L) is embraced by Rupert Murdoch, Executive Chairman of News Corp, during a dinner to commemorate the 75th anniversary of the Battle of the Coral Sea during WWII onboard the Intrepid Sea, Air and Space Museum May 4, 2017 in New York. Brendan Smialowski | AFP | Getty Images Rupert Murdoch is in the early stages of exploring whether to put his media companies News Corp. and Fox Corp. back together, The Wall Street Journal reported Friday, citing people familiar with the matter. The Journal is part…

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