These are the stocks posting the largest moves in midday trading.
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Here’s the deflation breakdown for August 2024 — in one chart
Consumer prices are falling in pockets of the U.S. economy, in categories such as cars, household furniture and certain groceries.
Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
Alibaba’s Taobao app topped Singapore’s Apple Store charts after launching an AI-powered English version on Tuesday, boosting accessibility for users.
Meta offered ‘unacceptable’ response to concerns over illicit drug ads on Facebook and Instagram, congressman says
Rep. Tim Walberg slammed Meta for its response to a bipartisan group of lawmakers regarding illicit drug ads on its platform.
Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
Commerce Secretary Gina Raimondo has met with investors recently to tout the benefits of Intel and U.S. chip production.
Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
Oracle is projecting higher revenue and capital expenditures as its cloud-computing arm grows.
Adobe stock slips on soft fourth-quarter revenue guidance
Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings.
India’s EV conundrum: To invest in cars or charging points first
India wants 30% of newly registered private cars to be electric by 2030. But out of around 4.2 million passenger vehicles sold last year, less than 2.5% were EVs, according to Bain & Company.
Asia-Pacific markets mixed as China rebounds from six-year low, Australia nears all time high
Investors will react to August inflation figures out from India, which showed the consumer price index rose 3.65% year on year, rising from a five-year low.
CNBC’s Inside India newsletter: What happens when the Fed cuts rates?
Inside India also has more on whether Gautam Adani, founder of the Adani Group conglomerate, could become a trillionaire.