These are the stocks posting the largest moves in midday trading.
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.
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.”
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.
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.
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.