Breaking news

A Nvidia logo is seen on the company's building at an industry park on February 7, 2019 in Tianjin, China.VCG | Visual China Group | Getty ImagesCheck out the companies making headlines in midday trading.Nvidia — Nvidia's stock sank 7.7% amid news that the government is restricting the sale of some of its chips to China. Shares of Advanced Micro Devices, which was also ordered to stop selling artificial intelligence chips to China, fell 6%. Micron Technology lost more than 1%. Broadcom dropped more than 2%, and Qualcomm…

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Catalent Inc. – Shares of pharmaceutical company Catalent fell 8% after earnings that disappointed Wall Street. While Catalent beat expectations for earnings, its revenue and full-year outlook were below estimates.Dow - The chemical maker dropped 2% after KeyBanc downgraded it to underweight from sector weight. The bank said in a note that an…

A sign is posted in front of a home for sale on July 14, 2022 in Corte Madera, California.Justin Sullivan | Getty ImagesPending home sales, a measure of signed contracts on existing homes, slipped 1% from June to July, according to the National Association of Realtors. Compared with a year ago, sales were down 19.9%.The figure, a future indicator of closed sales, has fallen for eight of the past nine months as rising mortgage rates made housing less affordable. Higher rates pushed the typical mortgage payment up by 54%…

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesFTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to internal documents seen by CNBC.The audited financials give a rare glimpse into the privately held start-up's…

People walk near a Kohl's department store entranceway on June 07, 2022 in Doral, Florida.Joe Raedle | Getty ImagesKohl's on Thursday again slashed its financial forecast for the year, saying its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes and other discretionary items.The retailer said shoppers are making fewer trips to stores, spending less money per transaction and opting more for Kohl's less-expensive private brands. In-house labels have…

Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping, the Census Bureau reported Wednesday.While advance retail sales were unchanged, total receipts excluding autos rose 0.4%. Economists surveyed by Dow Jones had been looking for a 0.1% increase in the top-line number and a flat total ex-autos. June's gain was revised down to 0.8% from 1%.Retail and food sales excluding gasoline and autos rose 0.7% from a month ago.The numbers are adjusted…

A Peloton store in Walnut Creek, California, U.S., on Monday, Feb. 7, 2022.David Paul Morris | Bloomberg | Getty ImagesPeloton shares were up Friday after the company hiked prices for some of its products as it works to turn a profit.The company said the price of its more premium Bike+ will increase by $500 to $2,495 in the United States. The price of the Peloton Tread will increase by $800 to $3,495."We're adopting a more strategic pricing strategy for our premium products," the company said in a release.Peloton stock…

Check out the companies making headlines in midday trading.Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped.Chesnot | Getty ImagesCoinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes in the most recent quarter. The raly coincided with a move higher in bitcoin after a key inflation reading showed a better-than-expected slowdown in rising prices.Wendy's – The restaurant…

A view of a Bed Bath and Beyond store in Daly City, California.Justin Sullivan | Getty ImagesShares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move.The heavily shorted stock, which has tumbled more than 44% this year, was the most searched name on the WallStreetBets discussion board on Monday according to Quiver Quantitative, where users under a pinned thread titled "AMC and BBBY Memestock Megathread for Monday August 8th,…

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company's shares were initially priced at $72.Mario Tama / Getty ImagesCheck out the companies making headlines in midday trading Friday.Warner Bros. Discovery — The media company's stock cratered 16.5% after Warner Brothers posted its first earnings report since its merger. Warner Bros.…