Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more

Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 18% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 3% after Citi initiated coverage of the film studio at a buy rating. The bank cited Lionsgate’s decision to spin off its […]

Faraday Future withdraws full-year production forecast as weak EV demand weighs

Electric vehicle maker Faraday Future (FFIE.O), opens new tab said on Tuesday it was withdrawing its production forecast for 2024 due to current market conditions and levels of funding, sending its shares down more than 11% in extended trading. The company said in November it had expected to make around 1,000 vehicles in 2024. Faraday said on […]

Analysis-US FDIC chair nominee likely has the votes but confirmation process could drag

Christy Goldsmith Romero will likely win enough votes to be confirmed as U.S. Federal Deposit Insurance Corporation chair but Republicans are likely to slow walk the process. President Joe Biden last week nominated Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission, to replace Martin Gruenberg who is stepping down after a probe […]