Finance

Take a look at some of the biggest movers in the premarket: Apple (AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple …

‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “We are expecting continued outperformance or record growth in online specifically,” the firms’ head of national accounts told CNBC’s “ETF Edge” last …

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month to buy the same goods and services it did a year ago, according to a Moody’s Analytics analysis of October inflation …

Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft‘s $69 billion purchase of the videogame publisher. Tesla (TSLA) – Tesla said its Full Self Driving …

Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty Images BEIJING — China’s capital city is grinding to a near standstill as Covid controls spread. More and more apartment compounds in Beijing on Friday forbade residents from leaving for …

Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players …

Artistgndphotography | E+ | Getty Images Televisions are among just a handful of consumer goods and services that have dropped in price in the last year — which may translate to steep discounts for shoppers on Black Friday and Cyber Monday. What’s more, 38% of shoppers say they’ll likely buy …

Check out the companies making headlines in midday trading Wednesday: Citigroup — The stock dropped 2.3% after Citigroup was told it must address weaknesses in its management of financial data by U.S. banking regulators. Those regulatory groups said the issues could hinder its ability to produce correct reports during challenging …

CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images Citigroup needs to address weaknesses in how it manages financial data, according to a …

Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. Deere said it benefited from positive farm fundamentals and increased infrastructure investment. Its stock jumped 4.2% in premarket trading. related …