These are the stocks posting the largest moves in midday trading.
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Mark Zuckerberg is now world’s second-richest person, ahead of Jeff Bezos
Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world’s richest person, according to the Bloomberg Billionaires Index.
Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
British fintech Revolut criticized Meta over its approach to tackling fraud and said the U.S. tech giant should directly compensate fraud victims.
OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity
On top of its latest funding round, OpenAI has put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.
XRP slides 9% after SEC appeals decision in landmark Ripple case
The SEC Wednesday filed to appeal a 2023 court ruling that XRP is not considered a security when sold to retail investors on exchanges.
Nvidia CEO Jensen Huang says demand for next-generation Blackwell AI chip is ‘insane’
Nvidia CEO Jensen Huang said in an interview with CNBC that demand for the company’s next-generation artificial intelligence chip Blackwell is “insane.”
China’s stimulus rally has already sent stocks up 25%. And there could be more to come
Mainland markets is closed for a week-long holiday commemorating the 75th anniversary of the People’s Republic of China. Trading is set to resume on Oct. 8.
Hong Kong markets resume rally as investors weigh China stimulus, oil gains
Asia-Pacific markets traded mixed on Friday, though Hong Kong’s Hang Seng index is up over 2%, resuming its rally.
CNBC’s Inside India newsletter: The ‘sticky’ outsourcing firms on the rise
Inside India looks at the growing trend in outsourcing research and development to India, and how India will fabricate its first microchip in two years.
Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say
Oil markets are being too complacent given the risk of major supply disruptions in the Middle East, analysts told CNBC on Thursday.