Facebook, Ford, GM and more

Facebook’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Facebook — Facebook shares fell 4.9% after a company whistleblower unveiled her identify and accused the social media giant of a “betrayal of democracy.” The whistleblower leaked documents to The Wall Street […]

Ken Griffin’s Citadel flagship hedge fund returns 8% in September during sell-off

Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters The volatile September was a golden opportunity for billionaire investor Ken Griffin to shine as his main hedge fund crushed the market with outperformance. Citadel’s multistrategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date performance to 18.5%, according to a person familiar with […]

SunPower announces restructuring aimed at doubling down on residential market

Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images SunPower said Tuesday that it’s restructuring its operations in a bid to focus exclusively on the fast-growing residential solar market. The company is acquiring residential solar provider Blue Raven, while also looking to sell its commercial and industrial business. […]

Unemployment recipients fell by more than half after Labor Day cliff

People receive information as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. PATRICK T. FALLON | AFP | Getty Images The number of Americans collecting unemployment benefits fell by more than half after the Labor Day “cliff,” when federal assistance ended for millions of people. There were just […]

Commonstock aims to verify YOLO trades, receives new round of funding

David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit.  Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking […]

US Bank launches service as institutions race to cater to crypto demand

U.S. Bancorp George Frey | Bloomberg | Getty Images The race to cater to institutional investors who want to wager on cryptocurrency is heating up. U.S. Bank, the fifth-biggest retail bank in the nation, announced Tuesday that its cryptocurrency custody service is available to fund managers. CNBC was first to report. The offering will help […]

Lordstown Motors, Ocugen, PepsiCo and more

Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled […]

Stock futures muted after a tech-driven sell-off on Wall Street

Stock futures were muted in overnight trading on Monday following a tech-led sell-off as investors continued to dump high-flying shares in the face of rising rates. Futures on the Dow Jones Industrial Average slipped 30 points. S&P 500 futures were little changed while Nasdaq 100 futures traded in mildly positive territory. On Monday, the Nasdaq […]