These Stocks Are Moving the Most Today: Ford, Activision, VinFast, U.S. Steel, Scholastic, and More

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The United Auto Workers union has threatened to expand its strike against the Big Three automakers on Friday, Microsoft’s acquisition of Activision...

Stock futures were up modestly Friday following the S&P 500 ‘s 1.6% drop on Thursday, its worst day since March, as investors reacted to signals from the Federal Reserve that it could keep interest rates higher for longer.Ford rose 0.2%, General Motors gained 0.4%, and Stellantis dipped 0.4% with the United Auto Workers union threatening to expand its strike against the Big Three automakers on Friday if substantial progress isn’t made in negotiations.

VinFast Auto , the Vietnamese electric-vehicle maker, reported a second-quarter loss of $526.7 million, which was 8% narrower than the year-earlier period. The company said it delivered 9,535 vehicles in the second quarter, up from 1,789 a year earlier. The stock rose 1.5% in premarket trading.

 

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UK regulators likely to decide on Microsoft’s Activision Blizzard deal next week.The UK’s Competition and Markets Authority (CMA) is expected to issue a preliminary decision on Microsoft’s Activision Blizzard deal next week, a source familiar with the situation tells The Verge. It follows Microsoft restructuring its deal — after the CMA blocked it over cloud gaming concerns — to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. This preliminary decision will then be followed by a final one, due by October 18th. The UK is the final regulatory hurdle for Microsoft’s giant deal.
Source: verge - 🏆 94. / 67 Read more »